JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 88,488 shares of the financial services provider's stock after selling 3,263 shares during the period. JPMorgan Chase & Co. makes up approximately 1.0% of Laird Norton Wetherby Wealth Management LLC's holdings, making the stock its 13th biggest position. Laird Norton Wetherby Wealth Management LLC's holdings in JPMorgan Chase & Co. were worth $21,211,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Lighthouse Investment Partners LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $4,440,000. Lionshead Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $514,000. Investor s Fiduciary Advisor Network LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $905,000. Junto Capital Management LP purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $120,248,000. Finally, Guardian Wealth Advisors LLC NC grew its holdings in JPMorgan Chase & Co. by 10.5% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 26,743 shares of the financial services provider's stock valued at $6,411,000 after buying an additional 2,552 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

In related news, CFO Jeremy Barnum sold 40,014 shares of JPMorgan Chase & Co. stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 18,017 shares in the company, valued at $4,518,123.09. The trade was a 68.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the transaction, the insider now owns 50,377 shares in the company, valued at $13,606,323.93. This trade represents a 2.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,188 shares of company stock worth $33,095,363 over the last three months. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Trading Up 1.1%

Shares of NYSE:JPM traded up $2.80 on Wednesday, hitting $265.81. 8,640,630 shares of the company's stock were exchanged, compared to its average volume of 9,640,634. JPMorgan Chase & Co. has a 12 month low of $190.88 and a 12 month high of $280.25. The stock has a market capitalization of $738.71 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The business's 50 day simple moving average is $238.77 and its two-hundred day simple moving average is $246.19. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same period last year, the company earned $4.44 earnings per share. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. Analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 4th were issued a $1.40 dividend. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Friday, April 4th. JPMorgan Chase & Co.'s payout ratio is presently 27.49%.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of recent research reports. Robert W. Baird raised shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and raised their target price for the company from $215.00 to $220.00 in a report on Friday, March 7th. StockNews.com raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday. KGI Securities initiated coverage on shares of JPMorgan Chase & Co. in a report on Sunday, April 13th. They issued a "hold" rating for the company. Bank of America cut their target price on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, UBS Group raised their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $255.67.

JPMorgan Chase & Co. Company Profile

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.