Carnick & Kubik Group LLC lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 22.5% in the 4th quarter, HoldingsChannel reports. The firm owned 52,446 shares of the financial services provider’s stock after selling 15,255 shares during the quarter. Carnick & Kubik Group LLC’s holdings in JPMorgan Chase & Co. were worth $5,120,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in JPM. Contravisory Investment Management Inc. increased its stake in JPMorgan Chase & Co. by 188.3% during the 4th quarter. Contravisory Investment Management Inc. now owns 542 shares of the financial services provider’s stock worth $53,000 after buying an additional 354 shares in the last quarter. Bogart Wealth LLC grew its position in shares of JPMorgan Chase & Co. by 19.0% in the fourth quarter. Bogart Wealth LLC now owns 625 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 100 shares in the last quarter. D Orazio & Associates Inc. grew its position in shares of JPMorgan Chase & Co. by 62.6% in the fourth quarter. D Orazio & Associates Inc. now owns 779 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 300 shares in the last quarter. Investment Partners LTD. grew its position in shares of JPMorgan Chase & Co. by 12.5% in the third quarter. Investment Partners LTD. now owns 21,950 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 2,436 shares in the last quarter. Finally, QV Investors Inc. grew its position in shares of JPMorgan Chase & Co. by 9.1% in the fourth quarter. QV Investors Inc. now owns 1,315 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 69.48% of the company’s stock.

JPM opened at $110.77 on Monday. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $119.24. The company has a market capitalization of $380.16 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 1.58 and a beta of 1.16. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.00 and a current ratio of 1.00.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.33. JPMorgan Chase & Co. had a return on equity of 14.23% and a net margin of 24.28%. The firm had revenue of $29.12 billion for the quarter, compared to analysts’ expectations of $27.95 billion. During the same period in the prior year, the firm posted $2.37 earnings per share. As a group, analysts anticipate that JPMorgan Chase & Co. will post 10 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.56%.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 1,700 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were purchased at an average cost of $114.26 per share, for a total transaction of $194,242.00. Following the completion of the acquisition, the director now owns 7,485 shares of the company’s stock, valued at approximately $855,236.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ashley Bacon sold 20,145 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $109.75, for a total value of $2,210,913.75. Following the transaction, the insider now owns 112,191 shares in the company, valued at $12,312,962.25. The disclosure for this sale can be found here. Insiders sold 157,573 shares of company stock worth $17,293,454 over the last quarter. 0.76% of the stock is currently owned by insiders.

A number of equities research analysts have recently issued reports on JPM shares. Daiwa Capital Markets lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Friday, February 8th. Wells Fargo & Co restated an “outperform” rating and issued a $130.00 price target (up from $121.00) on shares of JPMorgan Chase & Co. in a research report on Thursday, February 14th. Barclays restated a “buy” rating and issued a $140.00 price target on shares of JPMorgan Chase & Co. in a research report on Thursday, February 21st. BMO Capital Markets dropped their price target on JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating for the company in a research report on Thursday, February 28th. Finally, Zacks Investment Research lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $123.85.

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JPMorgan Chase & Co. 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 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.

See Also: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

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

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