JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Wright Investors Service Inc.

Wright Investors Service Inc. lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,941 shares of the financial services provider’s stock after selling 5,888 shares during the quarter. JPMorgan Chase & Co. makes up 2.3% of Wright Investors Service Inc.’s holdings, making the stock its 7th biggest position. Wright Investors Service Inc.’s holdings in JPMorgan Chase & Co. were worth $7,177,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in JPM. Eagle Capital Management LLC boosted its holdings 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 period. Fiera Capital Corp lifted its holdings in 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 during the last quarter. Kinsale Capital Group Inc. boosted its stake in JPMorgan Chase & Co. by 20.8% in the 2nd quarter. Kinsale Capital Group Inc. now owns 34,109 shares of the financial services provider’s stock valued at $6,899,000 after purchasing an additional 5,863 shares during the period. Biltmore Family Office LLC grew its holdings in JPMorgan Chase & Co. by 17.6% in the 2nd quarter. Biltmore Family Office LLC now owns 13,572 shares of the financial services provider’s stock valued at $2,745,000 after buying an additional 2,030 shares in the last quarter. Finally, SP Asset Management LLC increased its position in JPMorgan Chase & Co. by 28.1% during the 2nd quarter. SP Asset Management LLC now owns 3,096 shares of the financial services provider’s stock worth $626,000 after buying an additional 680 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the topic of several research reports. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $220.00 to $224.00 in a report on Monday, September 30th. Daiwa Capital Markets cut their price objective on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Keefe, Bruyette & Woods boosted their price objective on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a “market perform” rating in a report on Tuesday, December 3rd. Finally, Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $245.83.

JPMorgan Chase & Co. Stock Up 1.3 %

Shares of NYSE JPM opened at $247.35 on Wednesday. The company has a market cap of $696.37 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 3.54 and a beta of 1.11. 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. has a 12 month low of $164.30 and a 12 month high of $254.31. The stock has a 50-day moving average price of $242.60 and a two-hundred day moving average price of $223.51.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.

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.