Heritage Investors Management Corp cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 234,300 shares of the financial services provider’s stock after selling 11,319 shares during the quarter. JPMorgan Chase & Co. makes up 1.7% of Heritage Investors Management Corp’s investment portfolio, making the stock its 8th largest holding. Heritage Investors Management Corp’s holdings in JPMorgan Chase & Co. were worth $32,661,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Nuveen Asset Management LLC grew its stake in shares of JPMorgan Chase & Co. by 2,432.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 23,689,599 shares of the financial services provider’s stock worth $2,648,497,000 after acquiring an additional 22,754,332 shares during the period. Boston Partners grew its stake in shares of JPMorgan Chase & Co. by 301.6% during the 3rd quarter. Boston Partners now owns 10,211,286 shares of the financial services provider’s stock worth $1,202,693,000 after acquiring an additional 7,668,930 shares during the period. Invesco Ltd. grew its stake in shares of JPMorgan Chase & Co. by 39.8% during the 2nd quarter. Invesco Ltd. now owns 23,689,706 shares of the financial services provider’s stock worth $2,648,509,000 after acquiring an additional 6,745,215 shares during the period. Johanson Financial Advisors Inc. grew its stake in shares of JPMorgan Chase & Co. by 13,859.0% during the 4th quarter. Johanson Financial Advisors Inc. now owns 3,216,433 shares of the financial services provider’s stock worth $23,073,000 after acquiring an additional 3,193,391 shares during the period. Finally, Amundi Pioneer Asset Management Inc. grew its stake in shares of JPMorgan Chase & Co. by 43.3% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 7,563,083 shares of the financial services provider’s stock worth $845,552,000 after acquiring an additional 2,283,575 shares during the period. 72.05% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on JPM. Citigroup increased their price target on JPMorgan Chase & Co. from $116.00 to $140.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. UBS Group downgraded JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and increased their price target for the stock from $132.00 to $138.00 in a research note on Monday, January 6th. Credit Suisse Group increased their price target on JPMorgan Chase & Co. from $135.00 to $138.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. BMO Capital Markets increased their price target on JPMorgan Chase & Co. to $126.00 in a research note on Wednesday, October 16th. Finally, DA Davidson began coverage on JPMorgan Chase & Co. in a research note on Wednesday, January 8th. They set a “neutral” rating and a $140.00 price target for the company. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $131.33.

Shares of NYSE JPM opened at $138.80 on Wednesday. JPMorgan Chase & Co. has a 52 week low of $98.09 and a 52 week high of $141.10. The business has a 50-day simple moving average of $136.24 and a two-hundred day simple moving average of $121.84. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.26. The company has a market cap of $426.78 billion, a P/E ratio of 15.42, a P/E/G ratio of 1.85 and a beta of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, January 14th. The financial services provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.32 by $0.25. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. The business had revenue of $28.30 billion during the quarter, compared to the consensus estimate of $27.69 billion. During the same quarter last year, the company earned $1.98 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. Equities research analysts anticipate that JPMorgan Chase & Co. will post 10.21 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a $0.90 dividend. The ex-dividend date is Friday, January 3rd. This represents a $3.60 annualized dividend and a yield of 2.59%. JPMorgan Chase & Co.’s dividend payout ratio is currently 40.00%.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson purchased 16,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was purchased at an average price of $124.65 per share, for a total transaction of $1,994,400.00. Following the transaction, the director now owns 8,186 shares in the company, valued at approximately $1,020,384.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Nicole Giles sold 863 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $126.73, for a total value of $109,367.99. Following the sale, the insider now owns 8,949 shares of the company’s stock, valued at approximately $1,134,106.77. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,655 shares of company stock valued at $9,095,955. 0.76% of the stock is owned by corporate insiders.

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.

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

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