Border to Coast Pensions Partnership Ltd Trims Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Border to Coast Pensions Partnership Ltd decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 373,864 shares of the financial services provider's stock after selling 33,652 shares during the period. JPMorgan Chase & Co. makes up approximately 1.8% of Border to Coast Pensions Partnership Ltd's holdings, making the stock its 10th largest holding. Border to Coast Pensions Partnership Ltd's holdings in JPMorgan Chase & Co. were worth $89,559,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mizuho Securities Co. Ltd. bought a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at $27,000. Fairway Wealth LLC purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at $32,000. West Financial Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at $37,000. Finally, New England Capital Financial Advisors LLC grew its holdings in JPMorgan Chase & Co. by 38.5% in the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider's stock worth $38,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

JPM has been the subject of several research analyst reports. Royal Bank of Canada increased their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Morgan Stanley lowered JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and raised their price target for the stock from $220.00 to $224.00 in a research note on Monday, September 30th. Bank of America boosted their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Citigroup increased their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 19th. Finally, Baird R W downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $251.78.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 3,303 shares of the business's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares of the company's stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM traded up $5.19 during mid-day trading on Friday, reaching $259.46. The company's stock had a trading volume of 17,629,775 shares, compared to its average volume of 8,107,328. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The stock has a market cap of $730.47 billion, a P/E ratio of 14.44, a PEG ratio of 3.16 and a beta of 1.11. The firm's fifty day moving average price is $243.50 and its two-hundred day moving average price is $224.41. JPMorgan Chase & Co. has a 12-month low of $165.24 and a 12-month high of $260.62.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating analysts' consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter in the prior year, the company earned $3.04 earnings per share. JPMorgan Chase & Co.'s revenue was up 10.9% on a year-over-year basis. On average, equities analysts forecast that JPMorgan Chase & Co. will post 17.46 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.'s dividend payout ratio is 27.82%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.