Cary Street Partners Investment Advisory LLC Sells 78,703 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Cary Street Partners Investment Advisory LLC cut its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 76.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,206 shares of the financial services provider's stock after selling 78,703 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.1% of Cary Street Partners Investment Advisory LLC's investment portfolio, making the stock its 20th largest position. Cary Street Partners Investment Advisory LLC's holdings in JPMorgan Chase & Co. were worth $3,833,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Curbstone Financial Management Corp increased its holdings in shares of JPMorgan Chase & Co. by 0.3% in the 4th quarter. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider's stock worth $4,070,000 after acquiring an additional 60 shares during the period. Grey Street Capital LLC raised its holdings 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 buying an additional 60 shares during the last quarter. Financial Management Network Inc. boosted its position 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 worth $1,296,000 after buying an additional 61 shares during the period. Sendero Wealth Management LLC increased its position in JPMorgan Chase & Co. by 1.1% in the 4th quarter. Sendero Wealth Management LLC now owns 5,811 shares of the financial services provider's stock valued at $988,000 after acquiring an additional 62 shares during the period. Finally, Raleigh Capital Management Inc. raised its stake in JPMorgan Chase & Co. by 0.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 8,151 shares of the financial services provider's stock valued at $1,182,000 after acquiring an additional 64 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

Insiders Place Their Bets

In other news, insider Elena A. Korablina sold 21,829 shares of the business's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the transaction, the insider now directly owns 6,484 shares in the company, valued at approximately $1,237,860.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the company'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 legal filing with the SEC, which is accessible through the SEC website. Also, insider Elena A. Korablina sold 21,829 shares of the firm's stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the sale, the insider now directly owns 6,484 shares of the company's stock, valued at $1,237,860.44. The disclosure for this sale can be found here. Insiders sold a total of 1,042,525 shares of company stock worth $190,961,526 in the last quarter. 0.79% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. BMO Capital Markets reduced their price objective on shares of 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. The Goldman Sachs Group restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and boosted their price target for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a "market perform" rating in a research report on Friday, April 5th. Eight 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 stock presently has an average rating of "Moderate Buy" and an average price target of $192.05.

JPMorgan Chase & Co. Stock Up 0.8 %

NYSE:JPM traded up $1.45 during trading hours on Monday, hitting $191.96. 7,909,493 shares of the company's stock traded hands, compared to its average volume of 9,289,702. The stock's fifty day moving average price is $191.58 and its two-hundred day moving average price is $172.82. The firm has a market cap of $551.25 billion, a P/E ratio of 11.59, a P/E/G ratio of 2.38 and a beta of 1.13. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. JPMorgan Chase & Co. has a twelve month low of $133.13 and a twelve month high of $200.94.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.45. The company had revenue of $41.93 billion for the quarter, compared to analysts' expectations of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. On average, research analysts expect that JPMorgan Chase & Co. will post 15.98 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

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.