JPMorgan Chase & Co. (NYSE:JPM) Holdings Trimmed by Guardian Capital LP

Guardian Capital LP lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,669 shares of the financial services provider’s stock after selling 1,000 shares during the period. Guardian Capital LP’s holdings in JPMorgan Chase & Co. were worth $3,037,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. lifted its position in JPMorgan Chase & Co. by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider’s stock worth $1,228,110,000 after buying an additional 182,648 shares in the last quarter. Invst LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.4% during the 3rd quarter. Invst LLC now owns 15,033 shares of the financial services provider’s stock valued at $3,170,000 after acquiring an additional 204 shares in the last quarter. Passumpsic Savings Bank increased its stake in shares of JPMorgan Chase & Co. by 15.1% in the third quarter. Passumpsic Savings Bank now owns 10,753 shares of the financial services provider’s stock worth $2,267,000 after acquiring an additional 1,407 shares during the last quarter. SOA Wealth Advisors LLC. raised its holdings in shares of JPMorgan Chase & Co. by 1.5% during the third quarter. SOA Wealth Advisors LLC. now owns 21,082 shares of the financial services provider’s stock worth $4,445,000 after acquiring an additional 311 shares in the last quarter. Finally, Morse Asset Management Inc boosted its position in JPMorgan Chase & Co. by 234.4% during the third quarter. Morse Asset Management Inc now owns 7,226 shares of the financial services provider’s stock valued at $1,524,000 after purchasing an additional 5,065 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $244.61 on Wednesday. JPMorgan Chase & Co. has a twelve month low of $188.46 and a twelve month high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The stock has a market cap of $680.75 billion, a P/E ratio of 12.39, a PEG ratio of 2.83 and a beta of 1.01. The company’s 50-day simple moving average is $239.74 and its 200 day simple moving average is $244.19.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.63 by $0.44. The company had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $4.44 EPS. As a group, research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be paid a dividend of $1.40 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.49%.

Analyst Ratings Changes

JPM has been the topic of a number of recent research reports. Evercore ISI cut their price target on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research note on Thursday, January 16th. Bank of America cut their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Barclays upped their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Monday. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $255.67.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the transaction, the insider now owns 50,377 shares in the company, valued at approximately $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the sale, the chief executive officer now owns 158,381 shares in the company, valued at approximately $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,545 shares of company stock valued at $19,149,144. 0.47% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.