JPMorgan Chase & Co. (NYSE:JPM) is Bryn Mawr Capital Management LLC’s 10th Largest Position

Bryn Mawr Capital Management LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 148,244 shares of the financial services provider’s stock after selling 13,718 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.6% of Bryn Mawr Capital Management LLC’s investment portfolio, making the stock its 10th largest holding. Bryn Mawr Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $25,216,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Stone House Investment Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 132.8% during the fourth 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 in the last quarter. Macroview Investment Management LLC raised its holdings 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 buying an additional 235 shares during the period. Briaud Financial Planning Inc purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $40,000. Rakuten Securities Inc. acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $44,000. Finally, Morton Brown Family Wealth LLC boosted its holdings in JPMorgan Chase & Co. by 2,308.3% in the 4th quarter. Morton Brown Family Wealth LLC now owns 289 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 277 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In other news, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $179.00, for a total transaction of $602,872.00. Following the completion of the transaction, the insider now owns 202,093 shares in the company, valued at $36,174,647. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO James Dimon sold 821,778 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the completion of the transaction, the chief executive officer now directly owns 595,316 shares of the company’s stock, valued at approximately $108,782,092.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ashley Bacon sold 3,368 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $179.00, for a total value of $602,872.00. Following the completion of the sale, the insider now owns 202,093 shares in the company, valued at $36,174,647. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,020,696 shares of company stock valued at $186,794,151. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on JPM. Morgan Stanley dropped their price objective on shares of 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. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Jefferies Financial Group upped their price objective on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research report on Monday, April 8th. UBS Group dropped their target price on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. Stock Up 0.1 %

Shares of NYSE:JPM opened at $191.86 on Thursday. The company’s fifty day moving average is $191.10 and its two-hundred day moving average is $171.70. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. JPMorgan Chase & Co. has a 1-year low of $131.81 and a 1-year high of $200.94. The stock has a market capitalization of $551.04 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 2.42 and a beta of 1.15.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were issued a $1.15 dividend. The ex-dividend date was Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.40%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

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.