Bank of Hawaii Trims Position in JPMorgan Chase & Co. (NYSE:JPM)

Bank of Hawaii lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.3% during the second quarter, HoldingsChannel reports. The firm owned 64,859 shares of the financial services provider’s stock after selling 224 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.5% of Bank of Hawaii’s portfolio, making the stock its 27th biggest holding. Bank of Hawaii’s holdings in JPMorgan Chase & Co. were worth $9,433,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of JPMorgan Chase & Co. by 97,681.8% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,056,747,063 shares of the financial services provider’s stock valued at $299,133,293,000 after buying an additional 2,054,643,659 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 105,652.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after purchasing an additional 97,907,897 shares in the last quarter. Norges Bank purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth $3,894,646,000. Morgan Stanley grew its stake in shares of JPMorgan Chase & Co. by 15.9% during the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after purchasing an additional 8,088,433 shares during the period. Finally, Providence Capital Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 13,205.6% in the 1st quarter. Providence Capital Advisors LLC now owns 5,395,818 shares of the financial services provider’s stock valued at $41,407,000 after purchasing an additional 5,355,265 shares in the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Analyst Ratings Changes

JPM has been the topic of a number of research analyst reports. HSBC assumed coverage on shares of JPMorgan Chase & Co. in a report on Thursday, September 7th. They set a “hold” rating and a $159.00 price objective on the stock. Evercore ISI upped their target price on JPMorgan Chase & Co. from $158.00 to $167.00 in a report on Thursday, October 5th. Atlantic Securities lifted their price target on JPMorgan Chase & Co. from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 1st. BMO Capital Markets increased their price objective on shares of JPMorgan Chase & Co. from $167.00 to $171.00 and gave the company a “market perform” rating in a research note on Monday, October 16th. Finally, StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, October 5th. They set a “hold” rating for the company. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $168.80.

JPMorgan Chase & Co. Trading Up 0.9 %

NYSE JPM opened at $152.82 on Monday. The company has a market cap of $441.80 billion, a P/E ratio of 9.12, a P/E/G ratio of 1.80 and a beta of 1.12. JPMorgan Chase & Co. has a 12 month low of $123.11 and a 12 month high of $159.38. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.90 and a quick ratio of 0.90. The company has a 50-day moving average of $145.05 and a 200-day moving average of $145.20.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 13th. The financial services provider reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.95 by $0.38. The firm had revenue of $40.69 billion during the quarter, compared to the consensus estimate of $39.63 billion. JPMorgan Chase & Co. had a net margin of 22.79% and a return on equity of 17.97%. JPMorgan Chase & Co.’s revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.12 earnings per share. As a group, equities analysts predict that JPMorgan Chase & Co. will post 16.67 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.75%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.07%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total transaction of $624,346.60. Following the transaction, the general counsel now owns 53,425 shares in the company, valued at $7,739,145.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.79% of the stock is currently owned by insiders.

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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.