Goldstream Capital Management Ltd Decreases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Goldstream Capital Management Ltd trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 57.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,841 shares of the financial services provider’s stock after selling 5,141 shares during the quarter. JPMorgan Chase & Co. accounts for about 0.3% of Goldstream Capital Management Ltd’s investment portfolio, making the stock its 17th biggest position. Goldstream Capital Management Ltd’s holdings in JPMorgan Chase & Co. were worth $921,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of JPM. Redwood Park Advisors LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth $29,000. Sellwood Investment Partners LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $34,000. Investment Counsel Co. of Nevada acquired a new position in JPMorgan Chase & Co. in the fourth quarter worth about $37,000. Midwest Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at about $43,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $43,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group lifted their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday. Baird R W raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. Barclays increased their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Bank of America decreased their price target on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Finally, StockNews.com downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Monday, April 14th. 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 stock. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus target price of $255.67.

Insider Activity

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

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $231.79 on Monday. The company has a 50-day simple moving average of $244.72 and a 200 day simple moving average of $243.10. The company has a market capitalization of $645.07 billion, a P/E ratio of 11.74, a PEG ratio of 2.83 and a beta of 1.01. 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 fifty-two week low of $185.98 and a fifty-two week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly 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 net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. During the same period in the prior year, the business posted $4.44 EPS. The business’s revenue for the quarter 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 fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

About JPMorgan Chase & Co.

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.