Capital International Inc. CA Lowers Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Capital International Inc. CA lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 706,641 shares of the financial services provider’s stock after selling 13,217 shares during the period. JPMorgan Chase & Co. comprises about 1.4% of Capital International Inc. CA’s portfolio, making the stock its 19th largest position. Capital International Inc. CA’s holdings in JPMorgan Chase & Co. were worth $98,506,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vectors Research Management LLC increased its stake in JPMorgan Chase & Co. by 4.1% in the 3rd quarter. Vectors Research Management LLC now owns 17,836 shares of the financial services provider’s stock valued at $2,099,000 after purchasing an additional 697 shares in the last quarter. Spectrum Asset Management Inc. NB CA increased its position in JPMorgan Chase & Co. by 1.4% during the third quarter. Spectrum Asset Management Inc. NB CA now owns 14,448 shares of the financial services provider’s stock worth $1,700,000 after buying an additional 195 shares in the last quarter. Colony Group LLC increased its position in JPMorgan Chase & Co. by 1.2% during the third quarter. Colony Group LLC now owns 329,083 shares of the financial services provider’s stock worth $38,730,000 after buying an additional 3,865 shares in the last quarter. Voya Financial Advisors Inc. increased its position in JPMorgan Chase & Co. by 1.9% during the third quarter. Voya Financial Advisors Inc. now owns 47,153 shares of the financial services provider’s stock worth $5,551,000 after buying an additional 872 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new position in JPMorgan Chase & Co. during the third quarter worth $227,000. Institutional investors and hedge funds own 73.93% of the company’s stock.

JPM has been the topic of several analyst reports. Wells Fargo & Co restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, March 6th. Edward Jones restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, January 15th. Bank of America restated a “buy” rating and set a $147.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, January 15th. Odeon Capital Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Finally, Morgan Stanley reduced their target price on JPMorgan Chase & Co. from $141.00 to $133.00 and set an “overweight” rating on the stock in a report on Monday, March 9th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. JPMorgan Chase & Co. has a consensus rating of “Hold” and an average price target of $131.18.

In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 15,212 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $135.72, for a total transaction of $2,064,572.64. Following the transaction, the chief executive officer now owns 458,209 shares in the company, valued at $62,188,125.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Gordon Smith sold 11,800 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $137.04, for a total value of $1,617,072.00. Following the transaction, the chief executive officer now owns 425,690 shares in the company, valued at approximately $58,336,557.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,814 shares of company stock worth $17,318,144. 0.76% of the stock is currently owned by insiders.

JPMorgan Chase & Co. stock traded up $5.43 during midday trading on Thursday, reaching $97.16. The stock had a trading volume of 2,093,187 shares, compared to its average volume of 34,256,072. JPMorgan Chase & Co. has a twelve month low of $76.91 and a twelve month high of $141.10. The stock has a market capitalization of $271.83 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 1.67 and a beta of 1.19. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.92. The stock’s 50-day simple moving average is $117.04 and its 200 day simple moving average is $125.62.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, January 14th. The financial services provider reported $2.57 EPS for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.25. The company had revenue of $28.30 billion for the quarter, compared to analysts’ expectations of $27.69 billion. JPMorgan Chase & Co. had a return on equity of 15.19% and a net margin of 25.49%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.98 earnings per share. Equities analysts predict that JPMorgan Chase & Co. will post 10.57 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Monday, April 6th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, April 3rd. JPMorgan Chase & Co.’s dividend payout ratio is presently 34.35%.

About JPMorgan Chase & Co.

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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