Procyon Advisors LLC Grows Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Procyon Advisors LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 12.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,671 shares of the financial services provider's stock after acquiring an additional 10,066 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.3% of Procyon Advisors LLC's investment portfolio, making the stock its 16th biggest holding. Procyon Advisors LLC's holdings in JPMorgan Chase & Co. were worth $15,763,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Curbstone Financial Management Corp boosted its stake in JPMorgan Chase & Co. by 0.3% during the 4th quarter. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider's stock worth $4,070,000 after acquiring an additional 60 shares during the last quarter. Grey Street Capital LLC boosted its stake in JPMorgan Chase & Co. by 0.9% during the 4th quarter. Grey Street Capital LLC now owns 6,994 shares of the financial services provider's stock worth $1,190,000 after acquiring an additional 60 shares during the last quarter. Sendero Wealth Management LLC boosted its stake in JPMorgan Chase & Co. by 1.1% during the 4th quarter. Sendero Wealth Management LLC now owns 5,811 shares of the financial services provider's stock worth $988,000 after acquiring an additional 62 shares during the last quarter. Raleigh Capital Management Inc. boosted its stake in JPMorgan Chase & Co. by 0.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 8,151 shares of the financial services provider's stock worth $1,182,000 after acquiring an additional 64 shares during the last quarter. Finally, Affinity Wealth Management LLC boosted its stake in JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Affinity Wealth Management LLC now owns 19,082 shares of the financial services provider's stock worth $2,775,000 after acquiring an additional 68 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Insider Buying and Selling

In other news, CEO James Dimon sold 821,778 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the completion of the transaction, the chief executive officer now owns 595,316 shares of the company's stock, valued at $108,782,092.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO James Dimon sold 821,778 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the completion of the transaction, the chief executive officer now owns 595,316 shares of the company's stock, valued at $108,782,092.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jennifer Piepszak sold 1,649 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total transaction of $274,706.91. Following the completion of the transaction, the chief executive officer now directly owns 34,467 shares of the company's stock, valued at approximately $5,741,857.53. The disclosure for this sale can be found here. Insiders sold 849,303 shares of company stock valued at $155,107,447 over the last quarter. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock traded up $0.78 during trading on Friday, reaching $200.30. The company's stock had a trading volume of 8,628,313 shares, compared to its average volume of 8,363,550. JPMorgan Chase & Co. has a 52 week low of $126.22 and a 52 week high of $200.72. The business's 50-day moving average price is $182.88 and its 200-day moving average price is $163.87. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.30. The firm has a market cap of $576.94 billion, a PE ratio of 12.35, a P/E/G ratio of 2.53 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The firm had revenue of $38.57 billion for the quarter, compared to the consensus estimate of $39.73 billion. During the same period in the prior year, the company earned $3.57 EPS. The company's revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts forecast that JPMorgan Chase & Co. will post 15.75 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be given a dividend of $1.15 per share. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $4.60 annualized dividend and a yield of 2.30%. JPMorgan Chase & Co.'s dividend payout ratio is currently 25.89%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on JPM shares. Oppenheimer cut their price target on shares of JPMorgan Chase & Co. from $238.00 to $219.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and lifted their price target for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Morgan Stanley lifted their price objective on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an "overweight" rating in a report on Tuesday, January 30th. Finally, Bank of America lifted their price objective on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a "buy" rating in a report on Thursday, January 4th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and a consensus target price of $181.63.

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.