JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 82.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,582,078 shares of the financial services provider’s stock after selling 7,372,146 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 17.3% of International Assets Investment Management LLC’s investment portfolio, making the stock its largest position. International Assets Investment Management LLC owned 0.06% of JPMorgan Chase & Co. worth $379,240,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Eagle Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock worth $4,423,000 after acquiring an additional 84 shares during the last quarter. Fiera Capital Corp boosted its position in shares of JPMorgan Chase & Co. by 1.7% during the 2nd quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock worth $756,000 after purchasing an additional 63 shares in the last quarter. Vawter Financial Ltd. grew its stake in shares of JPMorgan Chase & Co. by 30.5% in the 2nd quarter. Vawter Financial Ltd. now owns 3,550 shares of the financial services provider’s stock valued at $718,000 after buying an additional 829 shares during the period. Foundations Investment Advisors LLC increased its position in JPMorgan Chase & Co. by 6.7% in the 2nd quarter. Foundations Investment Advisors LLC now owns 95,156 shares of the financial services provider’s stock valued at $19,246,000 after buying an additional 5,946 shares in the last quarter. Finally, Wealth Effects LLC raised its stake in JPMorgan Chase & Co. by 1.0% during the 2nd quarter. Wealth Effects LLC now owns 30,788 shares of the financial services provider’s stock worth $6,227,000 after buying an additional 311 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock traded down $2.04 on Wednesday, reaching $241.13. The stock had a trading volume of 1,652,340 shares, compared to its average volume of 7,650,862. The business’s 50 day moving average is $240.46 and its two-hundred day moving average is $221.95. The company has a market cap of $678.86 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a 1 year low of $164.30 and a 1 year high of $254.31. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.02 by $0.35. The business had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. JPMorgan Chase & Co.’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $4.33 EPS. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 27.82%.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of analyst reports. Bank of America lifted their price target on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research note on Friday, January 3rd. Daiwa Capital Markets reduced their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Robert W. Baird cut shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price on the stock. in a research note on Thursday, November 7th. Finally, Keefe, Bruyette & Woods raised their price target on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $245.83.

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, 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.