JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Becker Capital Management Inc.

Becker Capital Management Inc. trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 384,929 shares of the financial services provider’s stock after selling 3,151 shares during the quarter. JPMorgan Chase & Co. comprises about 3.0% of Becker Capital Management Inc.’s portfolio, making the stock its 3rd biggest holding. Becker Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $92,271,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. DDD Partners LLC lifted its position in JPMorgan Chase & Co. by 2.8% during the 4th quarter. DDD Partners LLC now owns 1,416 shares of the financial services provider’s stock worth $339,000 after acquiring an additional 38 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its position in shares of JPMorgan Chase & Co. by 1.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider’s stock valued at $622,000 after acquiring an additional 38 shares in the last quarter. Rappaport Reiches Capital Management LLC boosted its stake in JPMorgan Chase & Co. by 3.8% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 1,068 shares of the financial services provider’s stock valued at $256,000 after buying an additional 39 shares in the last quarter. Yoder Wealth Management Inc. grew its stake in JPMorgan Chase & Co. by 2.8% during the fourth quarter. Yoder Wealth Management Inc. now owns 1,436 shares of the financial services provider’s stock worth $344,000 after buying an additional 39 shares during the last quarter. Finally, Almanack Investment Partners LLC. increased its stake in shares of JPMorgan Chase & Co. by 0.8% in the fourth quarter. Almanack Investment Partners LLC. now owns 5,143 shares of the financial services provider’s stock valued at $1,233,000 after buying an additional 39 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Troy L. Rohrbaugh sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the completion of the sale, the chief executive officer now owns 133,381 shares of the company’s stock, valued at $32,947,774.62. This trade represents a 15.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the transaction, the insider now directly owns 49,127 shares in the company, valued at $12,130,438.84. This trade represents a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,545 shares of company stock valued at $19,149,144. 0.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

JPM has been the subject of a number of recent research reports. KGI Securities started coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a “hold” rating for the company. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Monday. Evercore ISI decreased their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research report on Friday, January 3rd. Finally, Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $255.67.

JPMorgan Chase & Co. Stock Up 0.6 %

Shares of NYSE:JPM opened at $244.61 on Wednesday. The firm has a market capitalization of $680.75 billion, a P/E ratio of 12.39, a P/E/G ratio of 2.83 and a beta of 1.01. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The stock has a 50 day moving average price of $239.74 and a 200-day moving average price of $244.19. JPMorgan Chase & Co. has a 52-week low of $188.46 and a 52-week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.44. The company had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business earned $4.44 EPS. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS 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 boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a yield of 2.29%. JPMorgan Chase & Co.’s payout ratio is presently 27.49%.

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.