Motco Has $16.21 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Motco reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 120,850 shares of the financial services provider’s stock after selling 3,830 shares during the period. JPMorgan Chase & Co. accounts for about 1.2% of Motco’s portfolio, making the stock its 17th largest holding. Motco’s holdings in JPMorgan Chase & Co. were worth $16,206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. Retirement Financial Solutions LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $26,000. Creative Capital Management Investments LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $30,000. Capital Directions Investment Advisors LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $44,000. Bellwether Advisors LLC increased its position in JPMorgan Chase & Co. by 119.1% during the 3rd quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 268 shares in the last quarter. Finally, Delos Wealth Advisors LLC increased its position in JPMorgan Chase & Co. by 24.4% during the 3rd quarter. Delos Wealth Advisors LLC now owns 505 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 99 shares in the last quarter. 67.89% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

NYSE JPM traded up $1.45 during trading hours on Friday, reaching $137.12. 2,299,266 shares of the company were exchanged, compared to its average volume of 12,752,140. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $144.34. The business’s 50 day simple moving average is $133.88 and its 200-day simple moving average is $135.60. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $400.70 billion, a P/E ratio of 10.01, a P/E/G ratio of 1.89 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.69. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The company had revenue of $38.35 billion during the quarter, compared to analyst estimates of $35.77 billion. During the same period last year, the business earned $2.63 earnings per share. JPMorgan Chase & Co.’s revenue was up 24.8% compared to the same quarter last year. On average, equities research analysts expect that JPMorgan Chase & Co. will post 14.33 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.92%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.52%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of JPMorgan Chase & Co. from $157.00 to $160.00 in a research report on Tuesday. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a research report on Monday, April 17th. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 18th. They set a “hold” rating for the company. The Goldman Sachs Group increased their price objective on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday, April 14th. Finally, 92 Resources reiterated a “maintains” rating on shares of JPMorgan Chase & Co. in a research report on Friday, May 12th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.65.

Insider Activity at JPMorgan Chase & Co.

In other news, Vice Chairman Peter Scher sold 1,240 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $135.02, for a total transaction of $167,424.80. Following the sale, the insider now owns 45,056 shares of the company’s stock, valued at approximately $6,083,461.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,240 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $135.02, for a total transaction of $167,424.80. Following the sale, the insider now owns 45,056 shares in the company, valued at approximately $6,083,461.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas B. Petno sold 4,932 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $134.90, for a total transaction of $665,326.80. Following the sale, the chief executive officer now owns 282,091 shares in the company, valued at approximately $38,054,075.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 136,578 shares of company stock valued at $18,543,247. 0.79% of the stock is owned by insiders.

About JPMorgan Chase & Co.

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JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.