JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Cut by Sigma Planning Corp

Sigma Planning Corp lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 57.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,779 shares of the financial services provider's stock after selling 45,339 shares during the quarter. Sigma Planning Corp's holdings in JPMorgan Chase & Co. were worth $5,746,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of JPM. Valicenti Advisory Services Inc. increased its position in JPMorgan Chase & Co. by 2.9% during the third quarter. Valicenti Advisory Services Inc. now owns 79,891 shares of the financial services provider's stock worth $11,586,000 after buying an additional 2,220 shares during the period. Etfidea LLC raised its position in JPMorgan Chase & Co. by 5.4% in the 4th quarter. Etfidea LLC now owns 1,937 shares of the financial services provider's stock valued at $329,000 after purchasing an additional 100 shares during the last quarter. TKG Advisors LLC boosted its stake in JPMorgan Chase & Co. by 97.6% during the 3rd quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider's stock worth $1,915,000 after purchasing an additional 6,521 shares during the period. Sutton Place Investors LLC grew its position in JPMorgan Chase & Co. by 179.5% during the 4th quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider's stock worth $2,228,000 after purchasing an additional 8,412 shares during the last quarter. Finally, Alley Investment Management Company LLC increased its stake in JPMorgan Chase & Co. by 0.4% in the third quarter. Alley Investment Management Company LLC now owns 126,913 shares of the financial services provider's stock valued at $18,405,000 after purchasing an additional 530 shares during the period. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Up 0.1 %

Shares of NYSE JPM traded up $0.12 on Friday, reaching $193.49. 6,413,655 shares of the company traded hands, compared to its average volume of 10,240,044. The stock has a market capitalization of $555.72 billion, a PE ratio of 11.68, a P/E/G ratio of 2.43 and a beta of 1.15. JPMorgan Chase & Co. has a fifty-two week low of $131.81 and a fifty-two week high of $200.94. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The company has a 50 day moving average of $190.36 and a 200 day moving average of $170.91.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared 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 positive change 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 2.38%. JPMorgan Chase & Co.'s dividend payout ratio is 27.78%.

Analyst Upgrades and Downgrades

JPM has been the subject of several recent research reports. Jefferies Financial Group increased 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 note on Monday, April 8th. Piper Sandler decreased their price objective on 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. BMO Capital Markets reduced their price target on JPMorgan Chase & Co. from $196.00 to $195.00 and set a "market perform" rating for the company in a report on Monday, April 15th. Evercore ISI lifted their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an "outperform" rating in a research note on Thursday, April 4th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and an average target price of $192.05.

Insiders Place Their Bets

In other news, CEO James Dimon sold 178,222 shares of the business's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO James Dimon sold 178,222 shares of the firm'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 in the company, valued at approximately $48,708,426.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman Peter Scher sold 1,810 shares of the business's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $323,917.60. Following the sale, the insider now owns 44,956 shares of the company's stock, valued at approximately $8,045,325.76. The disclosure for this sale can be found here. Insiders have sold a total of 1,020,696 shares of company stock valued at $186,794,151 over the last quarter. Company insiders own 0.79% of the company's stock.

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.