JPMorgan Chase & Co. (NYSE:JPM) Stake Lessened by Foresters Investment Management Company Inc.

Foresters Investment Management Company Inc. lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 9.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 834,148 shares of the financial services provider’s stock after selling 87,250 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.5% of Foresters Investment Management Company Inc.’s portfolio, making the stock its 3rd biggest holding. Foresters Investment Management Company Inc.’s holdings in JPMorgan Chase & Co. were worth $81,430,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Semmax Financial Advisors Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $56,000. Birch Hill Investment Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 109,803 shares of the financial services provider’s stock worth $10,719,000 after acquiring an additional 460 shares during the period. Kings Point Capital Management raised its holdings in shares of JPMorgan Chase & Co. by 2.8% during the 4th quarter. Kings Point Capital Management now owns 61,207 shares of the financial services provider’s stock worth $5,975,000 after acquiring an additional 1,667 shares during the period. Thoroughbred Financial Services LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $4,075,000. Finally, American International Group Inc. increased its position in shares of JPMorgan Chase & Co. by 314.9% during the 4th quarter. American International Group Inc. now owns 4,882,121 shares of the financial services provider’s stock worth $476,593,000 after purchasing an additional 3,705,536 shares during the last quarter. Institutional investors own 71.46% of the company’s stock.

A number of analysts recently issued reports on the company. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $124.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Credit Suisse Group raised their price objective on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. BMO Capital Markets raised their price objective on JPMorgan Chase & Co. from $116.00 to $118.00 and gave the stock a “market perform” rating in a research report on Monday, April 15th. Finally, HSBC set a $102.00 price objective on JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average target price of $123.85.

NYSE JPM opened at $109.27 on Thursday. The stock has a market capitalization of $354.11 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 1.56 and a beta of 1.18. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.00 and a quick ratio of 1.00. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.33. The company had revenue of $29.12 billion during the quarter, compared to the consensus estimate of $27.95 billion. JPMorgan Chase & Co. had a return on equity of 14.23% and a net margin of 24.28%. During the same period in the previous year, the company posted $2.37 EPS. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 10.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.93%. The ex-dividend date is Wednesday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.

In other news, Director Mellody L. Hobson bought 1,700 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was bought at an average cost of $114.26 per share, with a total value of $194,242.00. Following the transaction, the director now directly owns 7,485 shares in the company, valued at approximately $855,236.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas B. Petno sold 18,303 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $109.74, for a total value of $2,008,571.22. Following the completion of the transaction, the chief executive officer now directly owns 259,386 shares of the company’s stock, valued at $28,465,019.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 157,573 shares of company stock valued at $17,293,454. 0.76% of the stock is currently owned by corporate insiders.

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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.

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

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