JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Trimmed by Ecofi Investissements SA

Ecofi Investissements SA lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,600 shares of the financial services provider’s stock after selling 200 shares during the period. JPMorgan Chase & Co. comprises 0.6% of Ecofi Investissements SA’s portfolio, making the stock its 25th largest position. Ecofi Investissements SA’s holdings in JPMorgan Chase & Co. were worth $1,022,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in JPM. Geode Capital Management LLC lifted its stake in JPMorgan Chase & Co. by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 59,220,603 shares of the financial services provider’s stock worth $14,161,171,000 after purchasing an additional 876,417 shares during the last quarter. Norges Bank acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $8,310,884,000. Charles Schwab Investment Management Inc. lifted its position in shares of JPMorgan Chase & Co. by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,103,063 shares of the financial services provider’s stock worth $4,818,905,000 after buying an additional 71,122 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of JPMorgan Chase & Co. by 3.7% in the 4th quarter. Fisher Asset Management LLC now owns 17,401,436 shares of the financial services provider’s stock worth $4,171,298,000 after buying an additional 617,164 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 7.2% in the 3rd quarter. Franklin Resources Inc. now owns 15,073,193 shares of the financial services provider’s stock valued at $3,338,955,000 after buying an additional 1,016,289 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on JPM shares. Bank of America dropped their price objective on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. UBS Group raised their price target on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday. KGI Securities started coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They set a “hold” rating for the company. Barclays increased their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target for the company in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $255.67.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $231.79 on Friday. The stock has a market cap of $645.07 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 2.83 and a beta of 1.01. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 12 month low of $181.41 and a 12 month high of $280.25. The stock’s 50 day moving average price is $244.72 and its 200 day moving average price is $242.59.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the previous year, the business earned $4.44 EPS. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.42%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.49%.

Insider Activity

In related news, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the sale, the insider now directly owns 50,377 shares of the company’s stock, valued at $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jennifer Piepszak sold 4,272 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the sale, the chief operating officer now owns 50,197 shares of the company’s stock, valued at $12,400,164.91. The trade was a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,545 shares of company stock worth $19,149,144. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.