JPMorgan Chase & Co. (JPM) is Wesbanco Bank Inc.’s 6th Largest Position

Wesbanco Bank Inc. lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 335,082 shares of the financial services provider’s stock after selling 7,752 shares during the period. JPMorgan Chase & Co. comprises approximately 1.7% of Wesbanco Bank Inc.’s portfolio, making the stock its 6th largest position. Wesbanco Bank Inc.’s holdings in JPMorgan Chase & Co. were worth $32,004,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of JPMorgan Chase & Co. by 1.5% in the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after acquiring an additional 3,717,683 shares in the last quarter. Northern Trust Corp grew its stake in shares of JPMorgan Chase & Co. by 1.8% in the second quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock worth $4,475,468,000 after acquiring an additional 847,463 shares in the last quarter. Capital Research Global Investors grew its stake in shares of JPMorgan Chase & Co. by 2.5% in the second quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock worth $2,898,729,000 after acquiring an additional 765,082 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of JPMorgan Chase & Co. by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock worth $2,621,677,000 after acquiring an additional 176,306 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of JPMorgan Chase & Co. by 2.1% in the second quarter. Legal & General Group Plc now owns 17,769,351 shares of the financial services provider’s stock worth $1,624,143,000 after acquiring an additional 369,878 shares in the last quarter. Hedge funds and other institutional investors own 73.78% of the company’s stock.

In related news, insider Peter Scher sold 26,532 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $113.42, for a total value of $3,009,259.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 16,434 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the completion of the sale, the insider now directly owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 154,146 shares of company stock valued at $17,312,129. 0.88% of the stock is owned by corporate insiders.

JPM has been the subject of several research reports. Argus boosted their price target on shares of JPMorgan Chase & Co. from $109.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Barclays boosted their price target on shares of JPMorgan Chase & Co. from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Nomura set a $115.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research note on Friday, January 12th. Credit Suisse Group reaffirmed an “outperform” rating and set a $125.00 price objective (up from $120.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, January 16th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $105.81.

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $113.01 on Friday. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $114.34. The firm has a market cap of $392,113.75, a price-to-earnings ratio of 17.94, a P/E/G ratio of 1.93 and a beta of 1.22. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The firm had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same period in the previous year, the company earned $1.71 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 3.3% compared to the same quarter last year. equities analysts predict that JPMorgan Chase & Co. will post 8.78 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be given a $0.56 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a yield of 1.98%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.

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About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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