Koshinski Asset Management Inc. Sells 13,730 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Koshinski Asset Management Inc. decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 49.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,823 shares of the financial services provider's stock after selling 13,730 shares during the quarter. Koshinski Asset Management Inc.'s holdings in JPMorgan Chase & Co. were worth $2,351,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Moneta Group Investment Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 105,652.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider's stock worth $13,141,876,000 after buying an additional 97,907,897 shares in the last quarter. Morgan Stanley raised its position in JPMorgan Chase & Co. by 0.3% in the third quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider's stock worth $9,127,754,000 after acquiring an additional 201,441 shares in the last quarter. FMR LLC lifted its holdings in JPMorgan Chase & Co. by 1.2% in the 3rd quarter. FMR LLC now owns 49,417,639 shares of the financial services provider's stock valued at $7,166,546,000 after acquiring an additional 606,382 shares during the last quarter. Wellington Management Group LLP lifted its holdings in JPMorgan Chase & Co. by 12.2% in the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider's stock valued at $6,151,997,000 after acquiring an additional 4,603,090 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of JPMorgan Chase & Co. by 2.7% during the 3rd quarter. Northern Trust Corp now owns 33,089,310 shares of the financial services provider's stock valued at $4,798,612,000 after purchasing an additional 871,091 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Lori A. Beer sold 3,920 shares of the firm's stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the transaction, the insider now directly owns 64,783 shares of the company's stock, valued at approximately $12,656,006.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Lori A. Beer sold 3,920 shares of the firm's stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the transaction, the insider now directly owns 64,783 shares in the company, valued at approximately $12,656,006.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the transaction, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Insiders have sold 1,020,696 shares of company stock valued at $186,794,151 over the last three months. 0.79% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on JPM. Barclays boosted their target price on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an "overweight" rating in a report on Tuesday, January 2nd. Evercore ISI lifted their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an "outperform" rating in a research note on Thursday, April 4th. Bank of America upped their price objective on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a "buy" rating in a research note on Thursday, January 4th. Jefferies Financial Group lifted their target price on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. Finally, Piper Sandler reduced their price target on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an "overweight" rating for the company in a research report on Monday, April 15th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $192.05.

JPMorgan Chase & Co. Stock Up 2.5 %

NYSE:JPM traded up $4.55 during mid-day trading on Friday, reaching $185.80. The stock had a trading volume of 13,402,313 shares, compared to its average volume of 9,700,090. The stock has a market cap of $533.63 billion, a P/E ratio of 11.22, a PEG ratio of 2.28 and a beta of 1.15. The business's 50 day moving average is $188.83 and its 200 day moving average is $169.06. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.91. JPMorgan Chase & Co. has a fifty-two week low of $131.81 and a fifty-two week high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. JPMorgan Chase & Co.'s payout ratio is presently 27.78%.

JPMorgan Chase & Co. 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.