Hengehold Capital Management LLC Has $5.21 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Hengehold Capital Management LLC lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) by 0.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,638 shares of the financial services provider’s stock after selling 218 shares during the period. Hengehold Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $5,212,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew its position in JPMorgan Chase & Co. by 1.9% during the 2nd quarter. State Street Corp now owns 126,243,947 shares of the financial services provider’s stock worth $18,360,920,000 after acquiring an additional 2,384,901 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in 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 acquiring an additional 97,907,897 shares during the last quarter. Morgan Stanley grew its position in JPMorgan Chase & Co. by 0.3% during the 3rd quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider’s stock worth $9,127,754,000 after acquiring an additional 201,441 shares during the last quarter. FMR LLC grew its position in JPMorgan Chase & Co. by 1.2% during the 3rd quarter. FMR LLC now owns 49,417,639 shares of the financial services provider’s stock worth $7,166,546,000 after acquiring an additional 606,382 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in JPMorgan Chase & Co. by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after acquiring an additional 4,603,090 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Activity

In other news, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the transaction, the insider now directly owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the transaction, the insider now directly owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ashley Bacon sold 3,368 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total value of $561,546.64. Following the transaction, the insider now directly owns 205,461 shares of the company’s stock, valued at $34,256,512.53. The disclosure for this sale can be found here. Insiders sold a total of 849,303 shares of company stock valued at $155,107,447 over the last three months. Corporate insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Oppenheimer reduced their price target on JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Barclays upped their price target on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Finally, Morgan Stanley upped their price target on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price of $181.63.

Read Our Latest Report on JPM

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $198.86 on Wednesday. The company has a market cap of $572.79 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 2.54 and a beta of 1.15. JPMorgan Chase & Co. has a 52 week low of $126.22 and a 52 week high of $200.94. The business has a 50 day moving average price of $184.05 and a 200-day moving average price of $164.86. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its quarterly earnings data 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 company had revenue of $38.57 billion during the quarter, compared to analysts’ expectations of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the company earned $3.57 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post 15.75 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be issued a $1.15 dividend. 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 dividend yield of 2.31%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.89%.

JPMorgan Chase & Co. Company Profile

(Free Report)

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.

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

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