JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Reduced by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lowered its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,506,096 shares of the financial services provider's stock after selling 181,433 shares during the period. JPMorgan Chase & Co. makes up approximately 0.9% of Sumitomo Mitsui Trust Holdings Inc.'s portfolio, making the stock its 11th biggest holding. Sumitomo Mitsui Trust Holdings Inc. owned about 0.26% of JPMorgan Chase & Co. worth $1,276,787,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of JPM. Moneta Group Investment Advisors LLC grew its holdings in JPMorgan Chase & Co. by 105,652.2% during the fourth 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 acquiring an additional 97,907,897 shares during the period. Morgan Stanley grew its holdings in JPMorgan Chase & Co. by 0.3% during 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 during the period. FMR LLC boosted its position in JPMorgan Chase & Co. by 1.2% during the third quarter. FMR LLC now owns 49,417,639 shares of the financial services provider's stock worth $7,166,546,000 after purchasing an additional 606,382 shares in the last quarter. Wellington Management Group LLP boosted its position in JPMorgan Chase & Co. by 12.2% during the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider's stock worth $6,151,997,000 after purchasing an additional 4,603,090 shares in the last quarter. Finally, Northern Trust Corp boosted its position in JPMorgan Chase & Co. by 2.7% during the third quarter. Northern Trust Corp now owns 33,089,310 shares of the financial services provider's stock worth $4,798,612,000 after purchasing an additional 871,091 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Up 2.5 %

Shares of JPM stock traded up $4.55 during trading hours on Friday, reaching $185.80. The company had a trading volume of 13,402,313 shares, compared to its average volume of 9,700,090. 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 company has a market capitalization of $533.63 billion, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 2.34 and a beta of 1.15. The stock's fifty day simple moving average is $188.83 and its 200 day simple moving average is $169.25.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be paid a $1.15 dividend. The ex-dividend date is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.48%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.78%.

Insider Activity

In other news, CEO James Dimon sold 178,222 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the sale, the general counsel now owns 59,456 shares in the company, valued at $10,864,394.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on JPM. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and boosted their target price for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. The Goldman Sachs Group restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. UBS Group reduced their price objective on JPMorgan Chase & Co. from $226.00 to $219.00 and set a "buy" rating on the stock in a research report on Tuesday, April 16th. Oppenheimer reduced their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an "outperform" rating on the stock in a research report on Monday, April 15th. Finally, Morgan Stanley reduced their target price on JPMorgan Chase & Co. from $221.00 to $216.00 and set an "overweight" rating on the stock in a research report on Monday, April 15th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and an average target price of $192.05.

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.