Bahl & Gaynor Inc. Lowers Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Bahl & Gaynor Inc. decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,174,543 shares of the financial services provider's stock after selling 32,461 shares during the quarter. JPMorgan Chase & Co. makes up 1.2% of Bahl & Gaynor Inc.'s investment portfolio, making the stock its 27th largest position. Bahl & Gaynor Inc.'s holdings in JPMorgan Chase & Co. were worth $199,790,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in JPM. Stone House Investment Management LLC boosted its stake in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider's stock worth $27,000 after purchasing an additional 89 shares during the period. Macroview Investment Management LLC boosted its position in shares of JPMorgan Chase & Co. by 7,833.3% during the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 235 shares during the last quarter. Briaud Financial Planning Inc purchased a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $40,000. Rakuten Securities Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $44,000. Finally, Morton Brown Family Wealth LLC raised its holdings in shares of JPMorgan Chase & Co. by 2,308.3% during the 4th quarter. Morton Brown Family Wealth LLC now owns 289 shares of the financial services provider's stock valued at $49,000 after buying an additional 277 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JPM. Bank of America raised their price objective on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a "buy" rating in a report on Thursday, January 4th. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and boosted their target price for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. Evercore ISI boosted their target price 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. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, March 20th. 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 note on Monday, April 15th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $192.05.

JPMorgan Chase & Co. Stock Down 0.1 %

JPMorgan Chase & Co. stock traded down $0.20 during mid-day trading on Thursday, hitting $191.66. The company had a trading volume of 6,488,222 shares, compared to its average volume of 9,310,202. JPMorgan Chase & Co. has a 12 month low of $131.81 and a 12 month high of $200.94. The stock's 50 day moving average price is $191.27 and its two-hundred day moving average price is $171.84. 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 market capitalization of $550.46 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 2.40 and a beta of 1.13.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were paid a $1.15 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $4.60 annualized dividend and a dividend yield of 2.40%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. JPMorgan Chase & Co.'s payout ratio is currently 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In related news, CEO James Dimon sold 178,222 shares of the company's stock in a transaction 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 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 document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO James Dimon sold 178,222 shares of the company's stock in a transaction 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 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer Piepszak sold 1,648 shares of the company's stock in a transaction on 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 of the company's stock, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Insiders sold 1,020,696 shares of company stock worth $186,794,151 over the last quarter. 0.79% of the stock is currently owned by insiders.

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.