M. Kraus & Co Reduces Position in JPMorgan Chase & Co. (NYSE:JPM)

M. Kraus & Co reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,617 shares of the financial services provider’s stock after selling 141 shares during the period. M. Kraus & Co’s holdings in JPMorgan Chase & Co. were worth $2,066,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Community Trust NA grew its holdings in shares of JPMorgan Chase & Co. by 5.6% in the fourth quarter. First Community Trust NA now owns 3,327 shares of the financial services provider’s stock valued at $798,000 after purchasing an additional 176 shares during the period. Meridian Financial Partners LLC boosted its holdings in JPMorgan Chase & Co. by 0.9% in the 4th quarter. Meridian Financial Partners LLC now owns 9,965 shares of the financial services provider’s stock valued at $2,389,000 after purchasing an additional 84 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of JPMorgan Chase & Co. by 19.0% in the 4th quarter. Park Avenue Securities LLC now owns 139,906 shares of the financial services provider’s stock valued at $33,537,000 after buying an additional 22,345 shares during the period. Kathmere Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 23.3% during the 4th quarter. Kathmere Capital Management LLC now owns 7,553 shares of the financial services provider’s stock worth $1,811,000 after buying an additional 1,428 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 8.4% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 97,908 shares of the financial services provider’s stock valued at $23,470,000 after buying an additional 7,620 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JPM has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research note on Thursday. Wells Fargo & Company raised their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Royal Bank of Canada upped their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Finally, Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $251.78.

JPMorgan Chase & Co. Trading Up 0.7 %

NYSE JPM opened at $254.15 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $715.53 billion, a P/E ratio of 14.14, a P/E/G ratio of 3.16 and a beta of 1.11. JPMorgan Chase & Co. has a 52-week low of $165.24 and a 52-week high of $257.04. The firm has a 50-day moving average price of $242.70 and a 200 day moving average price of $223.72.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The business had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. During the same period in the prior year, the business posted $3.04 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities research analysts expect that JPMorgan Chase & Co. will post 17.46 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.97%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.82%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the transaction, the general counsel now directly owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.79% of the company’s stock.

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.