JPMorgan Chase (JPM) Holdings Cut by Hengehold Capital Management LLC

Hengehold Capital Management LLC lessened its holdings in JPMorgan Chase (NYSE:JPM) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,934 shares of the financial services provider’s stock after selling 706 shares during the period. Hengehold Capital Management LLC’s holdings in JPMorgan Chase were worth $2,453,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in JPM. ETRADE Capital Management LLC grew its holdings in shares of JPMorgan Chase by 4.2% during the third quarter. ETRADE Capital Management LLC now owns 88,152 shares of the financial services provider’s stock worth $8,419,000 after purchasing an additional 3,513 shares during the last quarter. Osborn Williams & Donohoe LLC grew its holdings in shares of JPMorgan Chase by 0.7% during the fourth quarter. Osborn Williams & Donohoe LLC now owns 77,947 shares of the financial services provider’s stock worth $8,336,000 after purchasing an additional 558 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of JPMorgan Chase by 8.4% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 286,186 shares of the financial services provider’s stock worth $27,334,000 after purchasing an additional 22,236 shares during the last quarter. Sei Investments Co. grew its holdings in shares of JPMorgan Chase by 3.4% during the third quarter. Sei Investments Co. now owns 2,088,914 shares of the financial services provider’s stock worth $199,513,000 after purchasing an additional 68,418 shares during the last quarter. Finally, FDx Advisors Inc. grew its holdings in shares of JPMorgan Chase by 11.3% during the third quarter. FDx Advisors Inc. now owns 136,089 shares of the financial services provider’s stock worth $12,998,000 after purchasing an additional 13,827 shares during the last quarter. Hedge funds and other institutional investors own 74.49% of the company’s stock.

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Shares of JPM opened at $110.21 on Wednesday. JPMorgan Chase has a 52-week low of $81.64 and a 52-week high of $119.33. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $378,545.09, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 1.86 and a beta of 1.24.

JPMorgan Chase (NYSE:JPM) last issued its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.09. JPMorgan Chase had a return on equity of 12.60% and a net margin of 22.53%. The firm had revenue of $27.90 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same period in the previous year, the firm earned $1.65 earnings per share. The company’s revenue was up 12.0% compared to the same quarter last year. equities analysts predict that JPMorgan Chase will post 8.9 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 6th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.03%. The ex-dividend date is Thursday, April 5th. JPMorgan Chase’s dividend payout ratio (DPR) is presently 32.61%.

In other news, insider Peter Scher sold 26,532 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $113.42, for a total transaction of $3,009,259.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James S. Crown bought 7,280 shares of the stock in a transaction dated Thursday, January 18th. The shares were purchased at an average cost of $113.37 per share, for a total transaction of $825,333.60. Following the completion of the transaction, the director now directly owns 305,875 shares of the company’s stock, valued at $34,677,048.75. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by insiders.

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods upgraded JPMorgan Chase from a “market perform” rating to an “outperform” rating and set a $127.00 price target on the stock in a report on Tuesday, February 13th. ValuEngine upgraded JPMorgan Chase from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Vining Sparks restated a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase in a report on Friday, January 12th. Vetr raised JPMorgan Chase from a “sell” rating to a “hold” rating and set a $105.98 price objective on the stock in a research note on Monday, February 12th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $122.00 price objective on shares of JPMorgan Chase in a research note on Monday. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $112.10.

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JPMorgan Chase Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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