Donaldson Capital Management LLC Acquires 1,729 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Donaldson Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the 1st quarter, HoldingsChannel reports. The fund owned 343,502 shares of the financial services provider’s stock after buying an additional 1,729 shares during the period. JPMorgan Chase & Co. comprises 2.9% of Donaldson Capital Management LLC’s portfolio, making the stock its 11th biggest holding. Donaldson Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $68,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in JPM. Stone House Investment Management LLC increased its holdings in JPMorgan Chase & Co. by 132.8% during the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 89 shares during the period. Macroview Investment Management LLC grew its position 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 purchasing an additional 235 shares in the last quarter. Richardson Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. in the first quarter worth $34,000. Bare Financial Services Inc purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $35,000. Finally, Partnership Wealth Management LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at $36,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Trading Up 0.1 %

Shares of JPM stock traded up $0.12 during mid-day trading on Friday, reaching $193.49. The stock had a trading volume of 6,413,655 shares, compared to its average volume of 10,240,044. The firm has a market capitalization of $555.72 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 2.42 and a beta of 1.15. The stock’s 50-day moving average price is $190.36 and its two-hundred day moving average price is $170.57. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 52-week low of $131.81 and a 52-week high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Thursday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

Analyst Upgrades and Downgrades

JPM has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. UBS Group dropped their target price on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods increased their price target on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Morgan Stanley dropped their price objective on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Eight equities research 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 Buying and Selling at JPMorgan Chase & Co.

In related news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the transaction, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the transaction, the insider now owns 64,783 shares in the company, valued at approximately $12,656,006.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James Dimon sold 178,222 shares of the stock in a transaction that occurred on 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 directly owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. Insiders sold 1,020,696 shares of company stock valued at $186,794,151 in the last 90 days. Insiders own 0.79% of the company’s stock.

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.