Alexander Randolph Advisory Inc. Invests $3.22 Million in JPMorgan Chase & Co. (NYSE:JPM)

Alexander Randolph Advisory Inc. acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,929 shares of the financial services provider's stock, valued at approximately $3,220,000. JPMorgan Chase & Co. makes up about 2.9% of Alexander Randolph Advisory Inc.'s portfolio, making the stock its 11th largest holding.

Several other large investors also recently made changes to their positions in JPM. Curbstone Financial Management Corp boosted its stake in shares of JPMorgan Chase & Co. by 0.3% during the fourth quarter. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider's stock valued at $4,070,000 after purchasing an additional 60 shares during the period. Grey Street Capital LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.9% during the fourth quarter. Grey Street Capital LLC now owns 6,994 shares of the financial services provider's stock valued at $1,190,000 after purchasing an additional 60 shares during the period. Financial Management Network Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.8% during the fourth quarter. Financial Management Network Inc. now owns 7,523 shares of the financial services provider's stock valued at $1,296,000 after purchasing an additional 61 shares during the period. Sendero Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.1% during the fourth quarter. Sendero Wealth Management LLC now owns 5,811 shares of the financial services provider's stock valued at $988,000 after purchasing an additional 62 shares during the period. Finally, Raleigh Capital Management Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.8% during the third quarter. Raleigh Capital Management Inc. now owns 8,151 shares of the financial services provider's stock valued at $1,182,000 after purchasing an additional 64 shares during the period. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Down 0.6 %

JPMorgan Chase & Co. stock traded down $1.15 during mid-day trading on Friday, reaching $190.51. The stock had a trading volume of 8,874,655 shares, compared to its average volume of 9,305,712. JPMorgan Chase & Co. has a one year low of $131.81 and a one year high of $200.94. The company has a 50-day moving average price of $191.27 and a two-hundred day moving average price of $171.84. The company has a market capitalization of $547.16 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 2.41 and a beta of 1.13. 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. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.41%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio is 27.78%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. BMO Capital Markets dropped their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a "market perform" rating for the company in a research note on Monday, April 15th. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 20th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Jefferies Financial Group raised their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a "buy" rating in a research note on Monday, April 8th. Finally, Keefe, Bruyette & Woods raised their price target on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a "market perform" rating in a research note on Friday, April 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and a consensus target price of $192.05.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the sale, the chief executive officer now directly owns 32,819 shares of the company's stock, valued at approximately $5,873,288.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the sale, the chief executive officer now directly owns 32,819 shares of the company's stock, valued at approximately $5,873,288.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Peter Scher sold 1,810 shares of the firm's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $323,917.60. Following the sale, the insider now directly owns 44,956 shares in the company, valued at approximately $8,045,325.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,020,696 shares of company stock valued at $186,794,151. 0.79% of the stock is 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.