Fort Washington Investment Advisors Inc. OH Lowers Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Fort Washington Investment Advisors Inc. OH trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 299,740 shares of the financial services provider’s stock after selling 3,798 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in JPMorgan Chase & Co. were worth $50,986,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valicenti Advisory Services Inc. boosted its stake in shares of JPMorgan Chase & Co. by 2.9% in the 3rd quarter. Valicenti Advisory Services Inc. now owns 79,891 shares of the financial services provider’s stock valued at $11,586,000 after buying an additional 2,220 shares during the period. Hilltop Holdings Inc. lifted its stake in JPMorgan Chase & Co. by 4.4% during the second quarter. Hilltop Holdings Inc. now owns 34,079 shares of the financial services provider’s stock worth $4,956,000 after purchasing an additional 1,439 shares during the last quarter. TKG Advisors LLC lifted its stake in JPMorgan Chase & Co. by 97.6% during the third quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider’s stock worth $1,915,000 after purchasing an additional 6,521 shares during the last quarter. Alley Investment Management Company LLC lifted its stake in JPMorgan Chase & Co. by 0.4% during the third quarter. Alley Investment Management Company LLC now owns 126,913 shares of the financial services provider’s stock worth $18,405,000 after purchasing an additional 530 shares during the last quarter. Finally, Allen Investment Management LLC lifted its stake in JPMorgan Chase & Co. by 15.8% during the third quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider’s stock worth $25,341,000 after purchasing an additional 23,894 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $195.83 on Wednesday. The firm has a market capitalization of $564.06 billion, a P/E ratio of 12.07, a PEG ratio of 2.48 and a beta of 1.14. The stock has a fifty day moving average price of $181.02 and a 200 day moving average price of $163.00. JPMorgan Chase & Co. has a 52 week low of $126.22 and a 52 week high of $200.48. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPM) last released 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 business had revenue of $38.57 billion during the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.57 earnings per share. Equities research analysts anticipate that JPMorgan Chase & Co. will post 15.84 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 2.35%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.89%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total transaction of $561,546.64. Following the completion of the sale, the insider now directly owns 205,461 shares in the company, valued at $34,256,512.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Jennifer Piepszak sold 1,649 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total value of $274,706.91. Following the completion of the sale, the chief executive officer now owns 34,467 shares in the company, valued at $5,741,857.53. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ashley Bacon sold 3,368 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total value of $561,546.64. Following the completion of the sale, the insider now owns 205,461 shares of the company’s stock, valued at approximately $34,256,512.53. The disclosure for this sale can be found here. Insiders sold 845,383 shares of company stock worth $154,341,636 over the last three months. 0.79% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on JPM shares. BMO Capital Markets boosted their target price on JPMorgan Chase & Co. from $192.00 to $194.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Bank of America boosted their target price on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, January 4th. Finally, Oppenheimer dropped their price objective on JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $181.63.

JPMorgan Chase & Co. Company Profile

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.