Riverstone Advisors LLC Has $320,000 Stake in JPMorgan Chase & Co. (NYSE:JPM)

Riverstone Advisors LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 19.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,879 shares of the financial services provider’s stock after purchasing an additional 300 shares during the quarter. Riverstone Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $320,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. First Citizens Financial Corp increased its position in JPMorgan Chase & Co. by 6.0% in the 3rd quarter. First Citizens Financial Corp now owns 10,756 shares of the financial services provider’s stock worth $1,560,000 after buying an additional 609 shares during the period. Global Strategic Investment Solutions LLC increased its position in JPMorgan Chase & Co. by 13.6% during the third quarter. Global Strategic Investment Solutions LLC now owns 2,052 shares of the financial services provider’s stock worth $298,000 after acquiring an additional 245 shares during the period. TI Trust Inc. raised its stake in JPMorgan Chase & Co. by 1.4% during the 3rd quarter. TI Trust Inc. now owns 8,788 shares of the financial services provider’s stock valued at $1,274,000 after purchasing an additional 118 shares during the last quarter. OneAscent Financial Services LLC boosted its holdings in JPMorgan Chase & Co. by 1.2% in the 3rd quarter. OneAscent Financial Services LLC now owns 6,388 shares of the financial services provider’s stock valued at $926,000 after purchasing an additional 75 shares during the period. Finally, Strategic Advisors LLC grew its position in JPMorgan Chase & Co. by 4.1% in the 3rd quarter. Strategic Advisors LLC now owns 43,914 shares of the financial services provider’s stock worth $6,368,000 after purchasing an additional 1,720 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CEO James Dimon sold 821,778 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 595,316 shares of the company’s stock, valued at $108,782,092.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction dated 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 $5,873,288.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 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. In the last 90 days, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on JPM shares. Evercore ISI increased their target price on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. 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 report on Tuesday, April 16th. Bank of America boosted 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. Barclays raised their target price on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $192.11 on Wednesday. The business has a fifty day moving average of $189.46 and a 200-day moving average of $169.90. 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 twelve month low of $131.81 and a twelve month high of $200.94. The firm has a market cap of $551.76 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 2.34 and a beta of 1.15.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.39%. The ex-dividend date is Thursday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 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.