JPMorgan Chase & Co. (NYSE:JPM) is Stockman Wealth Management Inc.’s 7th Largest Position

Stockman Wealth Management Inc. trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,913 shares of the financial services provider’s stock after selling 156 shares during the period. JPMorgan Chase & Co. comprises 2.8% of Stockman Wealth Management Inc.’s investment portfolio, making the stock its 7th biggest holding. Stockman Wealth Management Inc.’s holdings in JPMorgan Chase & Co. were worth $13,933,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Stone House Investment Management LLC increased its stake in 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 in the last quarter. Macroview Investment Management LLC increased its stake in JPMorgan Chase & Co. by 7,833.3% in the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 235 shares in the last quarter. Rakuten Securities Inc. purchased a new position in JPMorgan Chase & Co. in the 4th quarter valued at approximately $44,000. Briaud Financial Planning Inc purchased a new position in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $40,000. Finally, Morton Brown Family Wealth LLC increased its stake in JPMorgan Chase & Co. by 2,308.3% in the 4th quarter. Morton Brown Family Wealth LLC now owns 289 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 277 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Down 0.1 %

NYSE:JPM opened at $193.30 on Tuesday. The firm has a market capitalization of $555.17 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 2.43 and a beta of 1.15. The stock has a 50 day moving average of $190.64 and a 200-day moving average of $171.25. JPMorgan Chase & Co. has a 52 week low of $131.81 and a 52 week high of $200.94. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.38%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is 27.78%.

Wall Street Analyst Weigh In

JPM has been the subject of several research analyst reports. Barclays raised their price objective on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Oppenheimer cut their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. UBS Group cut their price target on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Finally, Bank of America lifted their price objective on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, January 4th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $192.05.

Insider Buying and Selling

In related news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James Dimon sold 178,222 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the transaction, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The disclosure for this sale can be found here. Insiders sold 1,020,696 shares of company stock valued at $186,794,151 in the last three months. 0.79% of the stock is currently owned by corporate insiders.

About JPMorgan Chase & Co.

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.