Invera Wealth Advisors LLC Sells 1,235 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Invera Wealth Advisors LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,597 shares of the financial services provider’s stock after selling 1,235 shares during the period. JPMorgan Chase & Co. accounts for about 4.4% of Invera Wealth Advisors LLC’s holdings, making the stock its 2nd biggest position. Invera Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $5,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of JPM. Equitec Proprietary Markets LLC purchased a new position in JPMorgan Chase & Co. in the 3rd quarter valued at about $1,407,000. SJS Investment Consulting Inc. raised its position in shares of JPMorgan Chase & Co. by 12.3% in the third quarter. SJS Investment Consulting Inc. now owns 2,491 shares of the financial services provider’s stock valued at $361,000 after buying an additional 273 shares during the last quarter. Perennial Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.3% during the third quarter. Perennial Advisors LLC now owns 59,314 shares of the financial services provider’s stock valued at $8,602,000 after buying an additional 198 shares during the period. GHP Investment Advisors Inc. lifted its stake in shares of JPMorgan Chase & Co. by 1.6% during the third quarter. GHP Investment Advisors Inc. now owns 89,805 shares of the financial services provider’s stock valued at $13,291,000 after buying an additional 1,444 shares during the period. Finally, Brown Miller Wealth Management LLC boosted its position in JPMorgan Chase & Co. by 1.3% during the third quarter. Brown Miller Wealth Management LLC now owns 44,074 shares of the financial services provider’s stock worth $6,391,000 after acquiring an additional 577 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on JPM shares. Morgan Stanley cut their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. BMO Capital Markets decreased their price target on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research note on Monday, April 15th. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, UBS Group decreased their target price on shares of 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. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $192.05.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the sale, the general counsel now owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,030 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the completion of the sale, the general counsel now owns 59,456 shares in the company, valued at approximately $10,864,394.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Peter Scher sold 1,810 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $323,917.60. Following the sale, the insider now owns 44,956 shares in the company, valued at $8,045,325.76. The disclosure for this sale can be found here. In the last three months, insiders sold 1,020,696 shares of company stock valued at $186,794,151. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.8 %

Shares of NYSE:JPM traded down $1.47 during mid-day trading on Tuesday, hitting $191.81. 8,151,636 shares of the company traded hands, compared to its average volume of 9,366,520. The firm has a market cap of $550.90 billion, a P/E ratio of 11.58, a PEG ratio of 2.43 and a beta of 1.15. JPMorgan Chase & Co. has a 52-week low of $131.81 and a 52-week high of $200.94. The firm’s 50 day simple moving average is $190.88 and its 200 day simple moving average is $171.56. 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. Increases Dividend

The company 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. The ex-dividend date of this dividend is Thursday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 2.40%. JPMorgan Chase & Co.’s dividend payout ratio 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.