SVB Wealth LLC Sells 67,731 Shares of JPMorgan Chase & Co. (NYSE:JPM)

SVB Wealth LLC lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 20.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 265,847 shares of the financial services provider's stock after selling 67,731 shares during the period. JPMorgan Chase & Co. makes up about 1.1% of SVB Wealth LLC's portfolio, making the stock its 13th largest holding. SVB Wealth LLC's holdings in JPMorgan Chase & Co. were worth $45,221,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. First American Trust FSB increased its position in shares of JPMorgan Chase & Co. by 4.2% in the fourth quarter. First American Trust FSB now owns 105,004 shares of the financial services provider's stock worth $17,861,000 after purchasing an additional 4,215 shares during the period. Hamilton Point Investment Advisors LLC increased its holdings in JPMorgan Chase & Co. by 1.1% in the 4th quarter. Hamilton Point Investment Advisors LLC now owns 31,289 shares of the financial services provider's stock valued at $5,322,000 after buying an additional 336 shares during the period. Members Trust Co raised its position in shares of JPMorgan Chase & Co. by 6.4% in the 4th quarter. Members Trust Co now owns 9,013 shares of the financial services provider's stock valued at $1,535,000 after buying an additional 541 shares in the last quarter. Capital Analysts LLC raised its position in shares of JPMorgan Chase & Co. by 3.0% in the 4th quarter. Capital Analysts LLC now owns 55,994 shares of the financial services provider's stock valued at $9,525,000 after buying an additional 1,641 shares in the last quarter. Finally, Private Client Services LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $891,000. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Up 1.4 %

Shares of JPM stock traded up $2.70 on Tuesday, hitting $192.11. The company had a trading volume of 9,142,745 shares, compared to its average volume of 9,495,826. JPMorgan Chase & Co. has a twelve month low of $131.81 and a twelve month high of $200.94. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a market cap of $551.76 billion, a P/E ratio of 11.60, a P/E/G ratio of 2.34 and a beta of 1.15. The stock's 50-day moving average is $189.46 and its two-hundred day moving average is $169.90.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Thursday, April 4th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.78%.

Insiders Place Their Bets

In other news, CEO James Dimon sold 178,222 shares of the company's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the sale, the chief executive officer now directly owns 264,461 shares of the company's stock, valued at approximately $48,708,426.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO James Dimon sold 178,222 shares of the business's 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 transaction, the chief executive officer now directly owns 264,461 shares of the company's stock, valued at approximately $48,708,426.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the company's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the sale, 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. In the last 90 days, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. The Goldman Sachs Group restated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Evercore ISI upped their price objective on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an "outperform" rating in a research report on Thursday, April 4th. Jefferies Financial Group lifted their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a "buy" rating in a research report on Monday, April 8th. Royal Bank of Canada reissued an "outperform" rating and set a $185.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Finally, Bank of America raised their price target 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. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $192.05.

JPMorgan Chase & Co. Company 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.