AustralianSuper Pty Ltd Reduces Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

AustralianSuper Pty Ltd lowered its position in JPMorgan Chase & Co. (NYSE:JPMFree Report) by 20.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,677 shares of the financial services provider’s stock after selling 2,942 shares during the quarter. AustralianSuper Pty Ltd’s holdings in JPMorgan Chase & Co. were worth $1,986,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Carlson Capital Management lifted its stake in shares of JPMorgan Chase & Co. by 38.5% in the 4th quarter. Carlson Capital Management now owns 7,982 shares of the financial services provider’s stock valued at $1,358,000 after purchasing an additional 2,217 shares in the last quarter. Strategic Wealth Investment Group LLC raised its holdings in shares of JPMorgan Chase & Co. by 8.3% during the 4th quarter. Strategic Wealth Investment Group LLC now owns 77,436 shares of the financial services provider’s stock valued at $13,172,000 after buying an additional 5,916 shares during the period. Hubbell Strickland Wealth Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $212,000. Rosenberg Matthew Hamilton raised its holdings in shares of JPMorgan Chase & Co. by 2.3% during the 4th quarter. Rosenberg Matthew Hamilton now owns 5,016 shares of the financial services provider’s stock valued at $853,000 after buying an additional 112 shares during the period. Finally, Cooper Financial Group raised its holdings in shares of JPMorgan Chase & Co. by 2.5% during the 4th quarter. Cooper Financial Group now owns 7,709 shares of the financial services provider’s stock valued at $1,311,000 after buying an additional 189 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on JPM shares. Oppenheimer dropped their target price on JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Morgan Stanley raised 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 report on Tuesday, January 30th. BMO Capital Markets upped their price target on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a report on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price target for the company from $140.00 to $190.00 in a report on Tuesday, January 9th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $181.63.

Check Out Our Latest Stock Report on JPM

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Jennifer Piepszak sold 1,649 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total value of $274,706.91. Following the completion of the transaction, the chief executive officer now owns 34,467 shares in the company, valued at approximately $5,741,857.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,649 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total transaction of $274,706.91. Following the completion of the sale, the chief executive officer now directly owns 34,467 shares of the company’s stock, valued at $5,741,857.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the sale, the chief executive officer now directly owns 595,316 shares of the company’s stock, valued at approximately $108,782,092.68. The disclosure for this sale can be found here. Insiders sold 845,383 shares of company stock worth $154,341,636 in the last 90 days. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Down 1.0 %

JPMorgan Chase & Co. stock opened at $194.74 on Tuesday. The company has a 50-day simple moving average of $180.50 and a 200-day simple moving average of $162.64. The firm has a market capitalization of $560.92 billion, a P/E ratio of 12.01, a P/E/G ratio of 2.48 and a beta of 1.14. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.91 and a current ratio of 0.91. JPMorgan Chase & Co. has a one year low of $126.22 and a one year high of $200.48.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its quarterly 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). The firm had revenue of $38.57 billion for the quarter, compared to the consensus estimate of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.57 EPS. As a group, equities analysts expect that JPMorgan Chase & Co. will post 15.84 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.89%.

JPMorgan Chase & Co. Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.