B & T Capital Management DBA Alpha Capital Management cut its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,060 shares of the financial services provider’s stock after selling 367 shares during the period. JPMorgan Chase & Co. accounts for about 1.7% of B & T Capital Management DBA Alpha Capital Management’s investment portfolio, making the stock its 16th biggest position. B & T Capital Management DBA Alpha Capital Management’s holdings in JPMorgan Chase & Co. were worth $8,175,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 105,652.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after purchasing an additional 97,907,897 shares in the last quarter. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $3,894,646,000. Morgan Stanley raised its stake in shares of JPMorgan Chase & Co. by 15.9% during the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after buying an additional 8,088,433 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of JPMorgan Chase & Co. by 12.2% during the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after buying an additional 4,603,090 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of JPMorgan Chase & Co. by 51.6% during the second quarter. Barclays PLC now owns 8,422,975 shares of the financial services provider’s stock worth $1,225,037,000 after buying an additional 2,868,091 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at JPMorgan Chase & Co.
In other news, insider Ashley Bacon sold 3,368 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total transaction of $561,546.64. Following the completion of the sale, the insider now owns 205,461 shares in the company, valued at approximately $34,256,512.53. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Ashley Bacon sold 3,368 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total transaction of $561,546.64. Following the completion of the sale, the insider now owns 205,461 shares in the company, valued at approximately $34,256,512.53. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lori A. Beer sold 3,920 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.74, for a total transaction of $716,340.80. Following the sale, the insider now owns 44,996 shares of the company’s stock, valued at approximately $8,222,569.04. The disclosure for this sale can be found here. Insiders sold a total of 845,383 shares of company stock worth $154,341,636 over the last quarter. 0.79% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
JPM has been the subject of a number of recent research reports. Bank of America boosted their price target on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. Morgan Stanley boosted their price target on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Barclays boosted their price target on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Oppenheimer dropped their price target on shares of JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. Finally, Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $140.00 to $190.00 in a research note on Tuesday, January 9th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $181.63.
Get Our Latest Analysis on JPMorgan Chase & Co.
JPMorgan Chase & Co. Stock Performance
Shares of JPM opened at $195.83 on Wednesday. JPMorgan Chase & Co. has a 12 month low of $126.22 and a 12 month high of $200.48. The firm has a fifty day simple moving average of $181.02 and a 200 day simple moving average of $163.00. The stock has a market capitalization of $564.06 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 2.48 and a beta of 1.14. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.30.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The business had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. During the same quarter in the previous year, the company posted $3.57 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. Research analysts forecast that JPMorgan Chase & Co. will post 15.84 EPS for the current fiscal year.
JPMorgan Chase & Co. Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders 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 represents a $4.60 dividend on an annualized basis and a yield of 2.35%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.89%.
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.
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