JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Meritage Portfolio Management

Meritage Portfolio Management lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,999 shares of the financial services provider’s stock after selling 981 shares during the period. JPMorgan Chase & Co. accounts for 0.8% of Meritage Portfolio Management’s investment portfolio, making the stock its 28th largest position. Meritage Portfolio Management’s holdings in JPMorgan Chase & Co. were worth $12,944,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rappaport Reiches Capital Management LLC grew its stake in JPMorgan Chase & Co. by 3.8% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 1,068 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 39 shares in the last quarter. Yoder Wealth Management Inc. grew its stake in JPMorgan Chase & Co. by 2.8% during the 4th quarter. Yoder Wealth Management Inc. now owns 1,436 shares of the financial services provider’s stock worth $344,000 after purchasing an additional 39 shares in the last quarter. Powers Advisory Group LLC grew its stake in JPMorgan Chase & Co. by 0.7% during the 4th quarter. Powers Advisory Group LLC now owns 6,131 shares of the financial services provider’s stock worth $1,470,000 after purchasing an additional 42 shares in the last quarter. Financial Avengers Inc. boosted its position in shares of JPMorgan Chase & Co. by 5.2% during the 3rd quarter. Financial Avengers Inc. now owns 868 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 43 shares in the last quarter. Finally, Matrix Trust Co boosted its position in shares of JPMorgan Chase & Co. by 0.4% during the 4th quarter. Matrix Trust Co now owns 10,179 shares of the financial services provider’s stock worth $2,440,000 after acquiring an additional 43 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a research report on Thursday, November 7th. Finally, Bank of America upped their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $251.78.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now directly owns 47,620 shares of the company’s stock, valued at $12,092,622.80. This represents a 6.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Up 0.3 %

JPM opened at $276.30 on Friday. The business has a 50 day moving average price of $251.82 and a two-hundred day moving average price of $231.86. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company has a market cap of $777.89 billion, a PE ratio of 14.00, a P/E/G ratio of 2.94 and a beta of 1.12. JPMorgan Chase & Co. has a 52 week low of $174.42 and a 52 week high of $278.55.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.04 EPS. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 18.05 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.81%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.33%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.