Ontario Teachers Pension Plan Board Has $522,000 Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Ontario Teachers Pension Plan Board trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,176 shares of the financial services provider’s stock after selling 138 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in JPMorgan Chase & Co. were worth $522,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. Redwood Park Advisors LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $29,000. Sellwood Investment Partners LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $34,000. Investment Counsel Co. of Nevada acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $37,000. Midwest Capital Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $43,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $43,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $229.73 on Thursday. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25. The company has a market cap of $639.34 billion, a P/E ratio of 11.64, a P/E/G ratio of 2.83 and a beta of 1.01. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The stock’s 50-day simple moving average is $246.37 and its 200 day simple moving average is $242.27.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.63 by $0.44. The company had revenue of $45.30 billion for the quarter, compared to analysts’ expectations of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.44 EPS. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Friday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.49%.

Insider Transactions at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 4,272 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.03, for a total value of $1,055,312.16. Following the completion of the sale, the chief operating officer now directly owns 50,197 shares of the company’s stock, valued at $12,400,164.91. This trade represents a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the transaction, the insider now directly owns 50,377 shares in the company, valued at $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,545 shares of company stock worth $19,149,144 in the last ninety days. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on JPM. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and increased their price target for the company from $215.00 to $220.00 in a research report on Friday, March 7th. StockNews.com lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Monday. Evercore ISI decreased their price target on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. Barclays raised their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price for the company in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. has an average rating of “Hold” and a consensus target price of $254.67.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.