Investment Firm Reduces Stake in JPMorgan Chase & Co. – Insider Activity and Analyst Price Targets

Are you interested in the world of finance and investments? If so, you’ll want to keep an eye on what Smith Group Asset Management LLC is up to. In a recent filing with the SEC, they revealed that they have reduced their stake in JPMorgan Chase & Co. by 6.6% in the first quarter. This move has caught the attention of many in the financial world, as JPMorgan Chase & Co. is a major player in the industry.

But Smith Group Asset Management LLC isn’t the only one making moves with their investments. Several other hedge funds and institutional investors have also been adjusting their holdings of JPMorgan Chase & Co. Worth Financial Advisory Group LLC, McCarthy & Cox, Lineweaver Wealth Advisors LLC, Diversify Advisory Services LLC, and J.W. Cole Advisors Inc. are just a few of the names that have been making changes to their positions in the company.

In addition to these investment moves, there has been some interesting insider activity at JPMorgan Chase & Co. Insider Ashley Bacon recently sold over 5,000 shares of the company’s stock, while CEO James Dimon sold over 178,000 shares. These insider sales have raised some eyebrows and have investors wondering what the future holds for the company.

Analysts have also been weighing in on JPMorgan Chase & Co., with varying opinions on the stock. While some have dropped their price targets, others have increased them, leading to a range of ratings from hold to buy. With a consensus rating of “Moderate Buy” and a consensus price target of $195.95, there is certainly a lot to consider when it comes to investing in this financial giant.

Despite all the activity surrounding JPMorgan Chase & Co., the stock has remained relatively stable, with a slight increase of 0.1% recently. With a market capitalization of nearly $600 billion and a strong financial performance in their last quarterly earnings report, the company seems to be in a good position moving forward.

And let’s not forget about the dividend announcement from JPMorgan Chase & Co. The company recently declared a quarterly dividend, offering a solid annualized dividend yield of 2.24%. This news has likely pleased many investors who rely on dividends for their investment income.

Overall, JPMorgan Chase & Co. continues to be a major player in the financial services industry, with a strong presence in consumer banking, investment banking, commercial banking, and asset management. With a diverse range of services and a solid financial performance, it’s no wonder why so many investors are keeping a close eye on this company. Stay tuned for more updates on JPMorgan Chase & Co. as the financial world continues to evolve.