Luts & Greenleigh Group Inc. Sells 113 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Luts & Greenleigh Group Inc. cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,435 shares of the financial services provider’s stock after selling 113 shares during the period. JPMorgan Chase & Co. comprises about 1.0% of Luts & Greenleigh Group Inc.’s investment portfolio, making the stock its 24th largest position. Luts & Greenleigh Group Inc.’s holdings in JPMorgan Chase & Co. were worth $754,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bull Street Advisors LLC increased its stake in JPMorgan Chase & Co. by 0.4% in the fourth quarter. Bull Street Advisors LLC now owns 17,585 shares of the financial services provider’s stock valued at $2,991,000 after acquiring an additional 70 shares during the period. Benedict Financial Advisors Inc. grew its stake in shares of JPMorgan Chase & Co. by 0.4% in the 4th quarter. Benedict Financial Advisors Inc. now owns 14,532 shares of the financial services provider’s stock valued at $2,472,000 after purchasing an additional 65 shares during the period. Wealth Effects LLC raised its holdings in shares of JPMorgan Chase & Co. by 8.3% in the 4th quarter. Wealth Effects LLC now owns 32,350 shares of the financial services provider’s stock worth $5,503,000 after buying an additional 2,478 shares in the last quarter. Sutton Place Investors LLC lifted its position in shares of JPMorgan Chase & Co. by 179.5% during the 4th quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock worth $2,228,000 after buying an additional 8,412 shares during the period. Finally, Valeo Financial Advisors LLC boosted its stake in JPMorgan Chase & Co. by 6.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 184,588 shares of the financial services provider’s stock valued at $31,398,000 after buying an additional 11,031 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 3,368 shares of the 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 transaction, the insider now directly owns 202,093 shares in the company, valued at $36,174,647. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,810 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $323,917.60. Following the transaction, the insider now owns 44,956 shares in the company, valued at $8,045,325.76. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Ashley Bacon sold 3,368 shares of the business’s 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 transaction, the insider now owns 202,093 shares of the company’s stock, valued at $36,174,647. The disclosure for this sale can be found here. Insiders sold a total of 1,020,696 shares of company stock worth $186,794,151 in the last quarter. 0.79% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on JPM. Wells Fargo & Company increased their price objective 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. Bank of America increased their target price on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Barclays boosted their price target on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, UBS Group dropped their price objective on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a report on Tuesday. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $181.14 on Friday. The firm has a market cap of $520.25 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 2.27 and a beta of 1.15. JPMorgan Chase & Co. has a 12 month low of $131.81 and a 12 month high of $200.94. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The stock has a 50-day moving average price of $188.61 and a 200 day moving average price of $168.59.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is 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 (DPR) is 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.