Roffman Miller Associates Inc. PA Reduces Position in JPMorgan Chase & Co. (NYSE:JPM)

Roffman Miller Associates Inc. PA lessened its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 292,523 shares of the financial services provider’s stock after selling 1,033 shares during the quarter. JPMorgan Chase & Co. comprises about 3.6% of Roffman Miller Associates Inc. PA’s investment portfolio, making the stock its 5th biggest position. Roffman Miller Associates Inc. PA’s holdings in JPMorgan Chase & Co. were worth $49,758,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Curbstone Financial Management Corp boosted its stake in JPMorgan Chase & Co. by 0.3% in the fourth quarter. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider’s stock worth $4,070,000 after buying an additional 60 shares in the last quarter. 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.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. 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 completion of the transaction, the chief executive officer now owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The stock was 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 directly owns 202,093 shares in the company, valued at approximately $36,174,647. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. 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 completion of the sale, the chief executive officer now owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The disclosure for this sale can be found here. Insiders sold a total of 1,020,696 shares of company stock valued at $186,794,151 in the last quarter. 0.79% of the stock is owned by insiders.

Wall Street Analyst Weigh In

JPM has been the subject of a number of analyst reports. Oppenheimer dropped their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. Keefe, Bruyette & Woods increased their price objective on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Bank of America increased their price objective on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Evercore ISI upped their target price on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Finally, UBS Group dropped their price target on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $192.05.

JPMorgan Chase & Co. Price Performance

JPM opened at $191.86 on Thursday. The stock has a 50-day moving average price of $191.10 and a 200-day moving average price of $171.70. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.91. The firm has a market cap of $551.04 billion, a PE ratio of 11.59, a P/E/G ratio of 2.42 and a beta of 1.15. JPMorgan Chase & Co. has a 1 year low of $131.81 and a 1 year high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend 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 payout ratio 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.