Intellectus Partners LLC Acquires 309 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Intellectus Partners LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,545 shares of the financial services provider’s stock after purchasing an additional 309 shares during the period. JPMorgan Chase & Co. makes up 1.1% of Intellectus Partners LLC’s portfolio, making the stock its 21st biggest position. Intellectus Partners LLC’s holdings in JPMorgan Chase & Co. were worth $3,665,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Stone House Investment Management LLC raised its stake in shares of JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares during the period. Macroview Investment Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 7,833.3% during the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after buying an additional 235 shares in the last quarter. Briaud Financial Planning Inc acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $40,000. Stuart Chaussee & Associates Inc. bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $40,000. Finally, Rakuten Securities Inc. acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $44,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at JPMorgan Chase & Co.

In related news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the sale, the chief executive officer now directly owns 32,819 shares in the company, valued at approximately $5,873,288.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the sale, the chief executive officer now owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James Dimon sold 821,778 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the completion of the transaction, the chief executive officer now owns 595,316 shares in the company, valued at $108,782,092.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,020,696 shares of company stock worth $186,794,151. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.6 %

Shares of JPM opened at $190.51 on Friday. The firm has a market cap of $547.16 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 2.41 and a beta of 1.13. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. JPMorgan Chase & Co. has a 52 week low of $131.81 and a 52 week high of $200.94. The firm’s 50-day simple moving average is $191.27 and its 200 day simple moving average is $171.84.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were given a $1.15 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $4.60 annualized dividend and a dividend yield of 2.41%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on JPM. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $140.00 to $190.00 in a report on Tuesday, January 9th. UBS Group reduced their price objective on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Oppenheimer lowered their target price on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Finally, Evercore ISI boosted their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.