Pathstone Holdings LLC Has $106.71 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Pathstone Holdings LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 445,041 shares of the financial services provider’s stock after selling 7,060 shares during the quarter. Pathstone Holdings LLC’s holdings in JPMorgan Chase & Co. were worth $106,706,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JPM. Redwood Park Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $29,000. Sellwood Investment Partners LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $34,000. Investment Counsel Co. of Nevada purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $37,000. Midwest Capital Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $43,000. Finally, Prudent Man Investment Management Inc. bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $43,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Up 1.1%

JPM opened at $262.92 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $730.68 billion, a price-to-earnings ratio of 13.32, a P/E/G ratio of 2.83 and a beta of 1.07. The business has a 50 day moving average of $238.77 and a 200-day moving average of $246.19. JPMorgan Chase & Co. has a 1-year low of $190.88 and a 1-year high of $280.25.

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

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 4th were issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.13%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date was Friday, April 4th. JPMorgan Chase & Co.’s payout ratio is currently 27.49%.

Analyst Ratings Changes

Several brokerages have commented on JPM. 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 report on Wednesday, April 2nd. UBS Group boosted their price objective on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, April 17th. Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $215.00 to $220.00 in a research report on Friday, March 7th. Barclays raised their price objective 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, Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $255.67.

Insider Buying and Selling

In other news, COO Jennifer Piepszak sold 4,273 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the transaction, the chief operating officer now directly owns 54,469 shares in the company, valued at approximately $14,698,459.65. This represents a 7.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the sale, the insider now directly owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. This represents a 2.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,188 shares of company stock worth $33,095,363 in the last 90 days. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Company 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.