Barrow Hanley Mewhinney & Strauss LLC Sells 10,140 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Barrow Hanley Mewhinney & Strauss LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,159 shares of the financial services provider's stock after selling 10,140 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC's holdings in JPMorgan Chase & Co. were worth $37,433,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fourth Dimension Wealth LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $471,000. Stonebridge Financial Planning Group LLC grew its stake in shares of JPMorgan Chase & Co. by 29.1% in the 4th quarter. Stonebridge Financial Planning Group LLC now owns 2,557 shares of the financial services provider's stock valued at $613,000 after purchasing an additional 577 shares during the period. Breed s Hill Capital LLC grew its stake in shares of JPMorgan Chase & Co. by 167.9% in the 4th quarter. Breed s Hill Capital LLC now owns 4,565 shares of the financial services provider's stock valued at $1,094,000 after purchasing an additional 2,861 shares during the period. Retirement Planning Group LLC grew its holdings in shares of JPMorgan Chase & Co. by 5.0% in the 4th quarter. Retirement Planning Group LLC now owns 7,188 shares of the financial services provider's stock worth $1,723,000 after purchasing an additional 344 shares during the last quarter. Finally, AAF Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 11.6% in the 4th quarter. AAF Wealth Management LLC now owns 1,105 shares of the financial services provider's stock worth $265,000 after purchasing an additional 115 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 JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 40,014 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total value of $10,034,310.78. Following the sale, the chief financial officer now owns 18,017 shares in the company, valued at $4,518,123.09. This represents a 68.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Jennifer Piepszak sold 4,272 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the completion of the transaction, the chief operating officer now directly owns 50,197 shares in the company, valued at $12,400,164.91. The trade was a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,594 shares of company stock worth $23,991,061 over the last 90 days. Company insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

JPM has been the topic of several analyst reports. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. TD Cowen started coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a "buy" rating and a $305.00 price objective on the stock. Robert W. Baird boosted their target price on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Bank of America reduced their target price on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Eleven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $266.65.

JPMorgan Chase & Co. Stock Up 1.3%

Shares of JPMorgan Chase & Co. stock traded up $3.26 during trading on Tuesday, reaching $263.97. The stock had a trading volume of 2,741,012 shares, compared to its average volume of 9,558,704. The company has a market capitalization of $733.59 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 2.83 and a beta of 1.07. The stock has a fifty day moving average price of $244.31 and a two-hundred day moving average price of $248.58. JPMorgan Chase & Co. has a 52 week low of $190.88 and a 52 week high of $280.25. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same quarter in the previous year, the firm posted $4.44 earnings per share. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be paid a $1.40 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 2.12%. JPMorgan Chase & Co.'s dividend payout ratio is 27.49%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.