JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Lessened by Pavion Blue Capital LLC

Pavion Blue Capital LLC trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,329 shares of the financial services provider’s stock after selling 102 shares during the quarter. JPMorgan Chase & Co. accounts for 2.2% of Pavion Blue Capital LLC’s portfolio, making the stock its 15th largest position. Pavion Blue Capital LLC’s holdings in JPMorgan Chase & Co. were worth $3,968,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Moneta Group Investment Advisors LLC lifted its position in shares of 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 increased its holdings 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 buying an additional 201,441 shares during the last quarter. FMR LLC increased its holdings in JPMorgan Chase & Co. by 1.2% in 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. Wellington Management Group LLP increased its holdings in JPMorgan Chase & Co. by 12.2% in 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, Northern Trust Corp increased its holdings in JPMorgan Chase & Co. by 2.7% in the third quarter. Northern Trust Corp now owns 33,089,310 shares of the financial services provider’s stock worth $4,798,612,000 after buying an additional 871,091 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,649 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total transaction of $274,706.91. Following the completion of the transaction, the chief executive officer now directly owns 34,467 shares of the company’s stock, valued at $5,741,857.53. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,649 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total transaction of $274,706.91. Following the completion of the transaction, the chief executive officer now directly owns 34,467 shares of the company’s stock, valued at $5,741,857.53. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 6,030 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 $1,101,861.90. Following the transaction, the general counsel now directly owns 59,456 shares of the company’s stock, valued at $10,864,394.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 849,303 shares of company stock valued at $155,107,447. 0.79% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on JPM. Royal Bank of Canada restated an “outperform” rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Barclays increased their price objective on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price objective for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $189.11.

JPMorgan Chase & Co. Stock Down 6.5 %

Shares of JPM stock opened at $182.79 on Friday. The stock has a market cap of $524.99 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. JPMorgan Chase & Co. has a one year low of $126.83 and a one year high of $200.94. The stock has a fifty day moving average price of $188.11 and a 200 day moving average price of $167.61. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last issued 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). The firm had revenue of $38.57 billion during 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 for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $3.57 earnings per share. Analysts predict that JPMorgan Chase & Co. will post 15.78 earnings per share 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. Shareholders of record on Friday, April 5th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.52%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 28.36%.

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.