Bank of Nova Scotia Trust Co. Reduces Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Bank of Nova Scotia Trust Co. trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,833 shares of the financial services provider's stock after selling 1,302 shares during the period. JPMorgan Chase & Co. comprises 1.7% of Bank of Nova Scotia Trust Co.'s portfolio, making the stock its 22nd largest position. Bank of Nova Scotia Trust Co.'s holdings in JPMorgan Chase & Co. were worth $16,021,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of JPMorgan Chase & Co. by 49.1% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 597,395 shares of the financial services provider's stock valued at $143,202,000 after buying an additional 196,750 shares during the period. BOS Asset Management LLC raised its holdings in JPMorgan Chase & Co. by 2.6% in the 4th quarter. BOS Asset Management LLC now owns 11,726 shares of the financial services provider's stock worth $2,811,000 after purchasing an additional 295 shares in the last quarter. Capital International Inc. CA boosted its stake in shares of JPMorgan Chase & Co. by 4.1% during the 4th quarter. Capital International Inc. CA now owns 529,004 shares of the financial services provider's stock valued at $126,808,000 after purchasing an additional 20,951 shares in the last quarter. Capital Research Global Investors increased its position in shares of JPMorgan Chase & Co. by 9.1% during the fourth quarter. Capital Research Global Investors now owns 22,841,033 shares of the financial services provider's stock valued at $5,475,223,000 after buying an additional 1,914,049 shares during the period. Finally, Coastline Trust Co raised its stake in JPMorgan Chase & Co. by 1.1% in the fourth quarter. Coastline Trust Co now owns 21,002 shares of the financial services provider's stock worth $5,034,000 after buying an additional 228 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Trading Up 0.9 %

JPM stock opened at $231.79 on Friday. The firm's fifty day simple moving average is $244.72 and its two-hundred day simple moving average is $242.59. The stock has a market capitalization of $645.07 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a twelve month low of $181.41 and a twelve month high of $280.25.

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

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be issued a dividend of $1.40 per share. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a yield of 2.42%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the transaction, the chief executive officer now owns 158,381 shares of the company's stock, valued at $42,737,529.04. This represents a 19.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jennifer Piepszak sold 4,273 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total value of $1,153,069.05. Following the transaction, the chief operating officer now owns 54,469 shares in the company, valued at $14,698,459.65. The trade was a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,545 shares of company stock valued at $19,149,144 in the last three months. Company insiders own 0.79% of the company's stock.

Analyst Ratings Changes

JPM has been the topic of a number of research analyst reports. Barclays upped their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. UBS Group raised their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research report on Thursday. Keefe, Bruyette & Woods upped their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a research report on Thursday, January 16th. Evercore ISI lowered 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 research report on Tuesday, April 1st. Finally, Robert W. Baird raised shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and boosted their price objective for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $255.67.

JPMorgan Chase & Co. Company Profile

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.

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