Whitcomb & Hess Inc. Has $945,000 Stake in JPMorgan Chase & Co. (NYSE:JPM)

Whitcomb & Hess Inc. lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,556 shares of the financial services provider’s stock after selling 97 shares during the period. JPMorgan Chase & Co. makes up 0.3% of Whitcomb & Hess Inc.’s investment portfolio, making the stock its 27th biggest holding. Whitcomb & Hess Inc.’s holdings in JPMorgan Chase & Co. were worth $945,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in JPM. State Street Corp raised its position in JPMorgan Chase & Co. by 1.9% in the second quarter. State Street Corp now owns 126,243,947 shares of the financial services provider’s stock worth $18,360,920,000 after purchasing an additional 2,384,901 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in JPMorgan Chase & Co. by 105,652.2% in 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. Morgan Stanley raised its position in JPMorgan Chase & Co. by 0.3% in the third quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider’s stock worth $9,127,754,000 after purchasing an additional 201,441 shares in the last quarter. FMR LLC grew its stake in JPMorgan Chase & Co. by 1.2% during the third quarter. FMR LLC now owns 49,417,639 shares of the financial services provider’s stock worth $7,166,546,000 after buying an additional 606,382 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in 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. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.4 %

Shares of NYSE JPM opened at $200.29 on Friday. The company’s fifty day moving average is $182.22 and its 200-day moving average is $163.62. The stock has a market cap of $576.91 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 2.49 and a beta of 1.14. JPMorgan Chase & Co. has a twelve month low of $126.22 and a twelve month high of $200.72. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data 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 company had revenue of $38.57 billion during the quarter, compared to the consensus estimate of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.57 earnings per share. Equities research analysts predict that JPMorgan Chase & Co. will post 15.75 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed 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 is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is currently 25.89%.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO James Dimon sold 821,778 shares of the business’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other JPMorgan Chase & Co. news, 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 in the company, valued at approximately $108,782,092.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jennifer Piepszak sold 1,649 shares of JPMorgan Chase & Co. stock in a transaction on 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 owns 34,467 shares in the company, valued at $5,741,857.53. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 849,303 shares of company stock valued at $155,107,447. 0.79% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Royal Bank of Canada reissued an “outperform” rating and set a $185.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their target price for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. Finally, BMO Capital Markets lifted their target price on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the stock a “market perform” rating in a report on Tuesday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $181.63.

JPMorgan Chase & Co. Profile

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.