Chiron Investment Management LLC Sells 8,767 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Chiron Investment Management LLC cut its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 21.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,741 shares of the financial services provider's stock after selling 8,767 shares during the quarter. JPMorgan Chase & Co. makes up about 2.6% of Chiron Investment Management LLC's holdings, making the stock its 9th biggest holding. Chiron Investment Management LLC's holdings in JPMorgan Chase & Co. were worth $7,848,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Redwood Park Advisors LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $29,000. Sellwood Investment Partners LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $34,000. Investment Counsel Co. of Nevada purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $37,000. Prudent Man Investment Management Inc. bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $43,000. Finally, Midwest Capital Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at $43,000. 71.55% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the transaction, the insider now directly owns 50,377 shares of the company's stock, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the transaction, the chief executive officer now owns 133,381 shares in the company, valued at $32,947,774.62. The trade was a 15.78 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,545 shares of company stock valued at $19,149,144. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Stock Up 0.9 %

Shares of JPM traded up $2.18 during mid-day trading on Friday, hitting $231.79. The company's stock had a trading volume of 9,553,647 shares, compared to its average volume of 9,616,510. The firm has a market capitalization of $645.07 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 2.83 and a beta of 1.01. The company's 50-day moving average is $245.59 and its 200-day moving average is $242.42. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 52-week low of $179.97 and a 52-week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (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 business had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. During the same quarter last year, the firm earned $4.44 EPS. The business's revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be paid a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 2.42%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.49%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on JPM shares. Evercore ISI lowered their price objective on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $215.00 to $220.00 in a research report on Friday, March 7th. Wolfe Research raised JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price objective on the stock in a research note on Friday, January 3rd. Finally, UBS Group boosted their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of "Hold" and a consensus target price of $255.67.

JPMorgan Chase & Co. 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.