First Quadrant L P CA Cuts Holdings in JPMorgan Chase (JPM)

First Quadrant L P CA cut its stake in shares of JPMorgan Chase (NYSE:JPM) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 463,352 shares of the financial services provider’s stock after selling 4,480 shares during the quarter. JPMorgan Chase makes up 0.9% of First Quadrant L P CA’s portfolio, making the stock its 9th largest holding. First Quadrant L P CA’s holdings in JPMorgan Chase were worth $49,551,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Kohmann Bosshard Financial Services LLC bought a new position in shares of JPMorgan Chase in the third quarter valued at about $102,000. Welch Investments LLC bought a new position in shares of JPMorgan Chase in the third quarter valued at about $103,000. Legacy Advisors LLC bought a new position in shares of JPMorgan Chase in the third quarter valued at about $106,000. Atlantic Trust LLC bought a new position in shares of JPMorgan Chase in the second quarter valued at about $136,000. Finally, Lipe & Dalton bought a new position in shares of JPMorgan Chase in the third quarter valued at about $143,000. 74.50% of the stock is owned by institutional investors.

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A number of research firms recently issued reports on JPM. Vining Sparks reaffirmed a “buy” rating and issued a $130.00 price target on shares of JPMorgan Chase in a report on Friday. Vetr cut JPMorgan Chase from a “strong-buy” rating to a “buy” rating and set a $123.29 price target for the company. in a report on Thursday. ValuEngine cut JPMorgan Chase from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Edward Jones raised JPMorgan Chase from a “hold” rating to a “buy” rating in a report on Thursday, March 22nd. Finally, Zacks Investment Research cut JPMorgan Chase from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $112.58.

In other news, insider Peter Scher sold 26,532 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $113.42, for a total transaction of $3,009,259.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ashley Bacon sold 16,434 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total value of $1,844,223.48. Following the transaction, the insider now owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The disclosure for this sale can be found here. Insiders have sold a total of 152,047 shares of company stock valued at $17,098,115 over the last 90 days. Corporate insiders own 0.88% of the company’s stock.

JPMorgan Chase stock opened at $109.09 on Friday. The stock has a market cap of $380,913.13, a PE ratio of 15.88, a P/E/G ratio of 1.87 and a beta of 1.24. JPMorgan Chase has a 1 year low of $81.64 and a 1 year high of $119.33. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.01.

JPMorgan Chase (NYSE:JPM) last posted its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. The company had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase had a return on equity of 11.63% and a net margin of 21.46%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.71 EPS. equities analysts forecast that JPMorgan Chase will post 8.89 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 6th will be given a dividend of $0.56 per share. The ex-dividend date is Thursday, April 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.05%. JPMorgan Chase’s payout ratio is currently 32.61%.

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About JPMorgan Chase

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

Institutional Ownership by Quarter for JPMorgan Chase (NYSE:JPM)

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