JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Legacy CG LLC

Legacy CG LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 21.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,994 shares of the financial services provider’s stock after acquiring an additional 5,542 shares during the quarter. JPMorgan Chase & Co. makes up approximately 2.1% of Legacy CG LLC’s investment portfolio, making the stock its 15th largest position. Legacy CG LLC’s holdings in JPMorgan Chase & Co. were worth $5,442,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of JPM. Keel Point LLC raised its stake in shares of JPMorgan Chase & Co. by 7.5% during the 4th quarter. Keel Point LLC now owns 9,783 shares of the financial services provider’s stock worth $1,664,000 after buying an additional 679 shares during the period. Oak Family Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 10.3% during the 4th quarter. Oak Family Advisors LLC now owns 18,473 shares of the financial services provider’s stock worth $3,142,000 after buying an additional 1,719 shares during the period. Sippican Capital Advisors raised its stake in shares of JPMorgan Chase & Co. by 68.8% during the 4th quarter. Sippican Capital Advisors now owns 11,843 shares of the financial services provider’s stock worth $2,014,000 after buying an additional 4,825 shares during the period. Bison Wealth LLC raised its stake in shares of JPMorgan Chase & Co. by 0.7% during the 4th quarter. Bison Wealth LLC now owns 60,243 shares of the financial services provider’s stock worth $10,247,000 after buying an additional 396 shares during the period. Finally, London & Capital Asset Management Ltd raised its stake in shares of JPMorgan Chase & Co. by 1.2% during the 4th quarter. London & Capital Asset Management Ltd now owns 10,259 shares of the financial services provider’s stock worth $1,745,000 after buying an additional 126 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO James Dimon sold 178,222 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the transaction, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the transaction, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 6,030 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90. Following the transaction, the general counsel now owns 59,456 shares of the company’s stock, valued at $10,864,394.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on JPM. Oppenheimer reduced their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. UBS Group reduced their price objective on 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. Piper Sandler reduced their price objective on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Bank of America increased their price objective on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Finally, Wells Fargo & Company increased their price objective 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. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $189.44 on Tuesday. The stock has a market cap of $544.09 billion, a PE ratio of 11.44, a P/E/G ratio of 2.34 and a beta of 1.15. 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. has a twelve month low of $131.81 and a twelve month high of $200.94. The stock has a fifty day simple moving average of $189.10 and a 200-day simple moving average of $169.57.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be issued a dividend of $1.15 per share. The ex-dividend date is Thursday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.43%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

JPMorgan Chase & Co. Company 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.