KDI Capital Partners LLC Cuts Holdings in JPMorgan Chase & Co. (NYSE:JPM)


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KDI Capital Partners LLC cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,585 shares of the financial services provider’s stock after selling 1,132 shares during the quarter. JPMorgan Chase & Co. makes up 5.4% of KDI Capital Partners LLC’s portfolio, making the stock its 3rd largest holding. KDI Capital Partners LLC’s holdings in JPMorgan Chase & Co. were worth $11,892,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Resources Investment Advisors LLC. boosted its holdings in shares of JPMorgan Chase & Co. by 1.5% during the fourth quarter. Resources Investment Advisors LLC. now owns 43,546 shares of the financial services provider’s stock valued at $5,576,000 after acquiring an additional 650 shares during the period. Sei Investments Co. lifted its position in JPMorgan Chase & Co. by 1.9% in the 4th quarter. Sei Investments Co. now owns 789,083 shares of the financial services provider’s stock valued at $100,314,000 after purchasing an additional 14,727 shares during the last quarter. Jacobi Capital Management LLC boosted its stake in JPMorgan Chase & Co. by 0.4% during the 4th quarter. Jacobi Capital Management LLC now owns 60,133 shares of the financial services provider’s stock valued at $7,659,000 after purchasing an additional 248 shares during the period. Sompo Asset Management Co. Ltd. boosted its stake in JPMorgan Chase & Co. by 18.4% during the 4th quarter. Sompo Asset Management Co. Ltd. now owns 55,360 shares of the financial services provider’s stock valued at $7,035,000 after purchasing an additional 8,610 shares during the period. Finally, K.J. Harrison & Partners Inc grew its position in JPMorgan Chase & Co. by 28.0% in the 4th quarter. K.J. Harrison & Partners Inc now owns 43,404 shares of the financial services provider’s stock worth $5,515,000 after purchasing an additional 9,500 shares during the last quarter. Institutional investors and hedge funds own 69.02% of the company’s stock.

In related news, CEO Douglas B. Petno sold 22,011 shares of the firm’s stock in a transaction that occurred on Friday, January 29th. The shares were sold at an average price of $129.84, for a total transaction of $2,857,908.24. 0.78% of the stock is owned by corporate insiders.

NYSE JPM opened at $149.41 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.16. JPMorgan Chase & Co. has a 1 year low of $76.91 and a 1 year high of $150.19. The company has a market cap of $455.43 billion, a PE ratio of 19.53, a PEG ratio of 2.87 and a beta of 1.23. The stock’s 50-day moving average price is $137.02 and its two-hundred day moving average price is $114.93.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Thursday, January 14th. The financial services provider reported $3.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $1.17. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. The business had revenue of $29.22 billion during the quarter, compared to the consensus estimate of $28.74 billion. During the same quarter in the prior year, the firm earned $2.57 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Research analysts forecast that JPMorgan Chase & Co. will post 7.83 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Sunday, January 31st. Stockholders of record on Wednesday, January 6th were issued a $0.90 dividend. The ex-dividend date was Tuesday, January 5th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.41%. JPMorgan Chase & Co.’s dividend payout ratio is 34.35%.

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their price objective on JPMorgan Chase & Co. from $135.00 to $150.00 and gave the stock a “market perform” rating in a report on Monday, January 18th. Seaport Global Securities boosted their price target on JPMorgan Chase & Co. from $140.00 to $157.00 in a research report on Tuesday, January 19th. Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “underweight” rating in a report on Monday, November 30th. DA Davidson upped their price objective on shares of JPMorgan Chase & Co. from $147.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, January 19th. Finally, Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, January 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company. JPMorgan Chase & Co. currently has an average rating of “Buy” and an average target price of $129.16.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in 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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