Natixis Lowers Position in JPMorgan Chase & Co. (NYSE:JPM)

Natixis lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 38.3% in the 4th quarter, Holdings Channel reports. The firm owned 598,605 shares of the financial services provider’s stock after selling 371,255 shares during the period. JPMorgan Chase & Co. comprises about 0.9% of Natixis’ portfolio, making the stock its 16th largest holding. Natixis’ holdings in JPMorgan Chase & Co. were worth $143,492,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norinchukin Bank The raised its stake in shares of JPMorgan Chase & Co. by 7.2% during the fourth quarter. Norinchukin Bank The now owns 137,301 shares of the financial services provider’s stock worth $32,912,000 after purchasing an additional 9,233 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in JPMorgan Chase & Co. by 49.1% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 597,395 shares of the financial services provider’s stock worth $143,202,000 after purchasing an additional 196,750 shares in the last quarter. BOS Asset Management LLC increased its holdings in JPMorgan Chase & Co. by 2.6% during the 4th quarter. BOS Asset Management LLC now owns 11,726 shares of the financial services provider’s stock valued at $2,811,000 after acquiring an additional 295 shares in the last quarter. Capital International Inc. CA lifted its stake in JPMorgan Chase & Co. by 4.1% in the 4th quarter. Capital International Inc. CA now owns 529,004 shares of the financial services provider’s stock valued at $126,808,000 after buying an additional 20,951 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of JPMorgan Chase & Co. by 9.1% during the fourth quarter. Capital Research Global Investors now owns 22,841,033 shares of the financial services provider’s stock valued at $5,475,223,000 after acquiring an additional 1,914,049 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Baird R W raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. StockNews.com downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Monday, April 14th. Evercore ISI reduced their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. Barclays upped their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a 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 objective on the stock 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $255.67.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value of $1,153,069.05. Following the sale, the chief operating officer now owns 54,469 shares in the company, valued at approximately $14,698,459.65. This represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the sale, the insider now directly owns 50,377 shares in the company, valued at approximately $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,545 shares of company stock valued at $19,149,144 over the last quarter. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Performance

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

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share 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 during the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the previous year, the company posted $4.44 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 8.0% compared to the same quarter last year. Sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

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

JPMorgan Chase & Co. 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.