Clearbridge Investments LLC Reduces Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Clearbridge Investments LLC lowered its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,709,410 shares of the financial services provider's stock after selling 555,410 shares during the period. JPMorgan Chase & Co. makes up approximately 1.3% of Clearbridge Investments LLC's investment portfolio, making the stock its 11th largest holding. Clearbridge Investments LLC owned 0.24% of JPMorgan Chase & Co. worth $1,608,286,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of JPM. Ameraudi Asset Management Inc. purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $219,000. Bcwm LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $10,428,000. Walled Lake Planning & Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 31.0% in the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 10,916 shares of the financial services provider's stock worth $2,617,000 after buying an additional 2,582 shares during the last quarter. United Bank boosted its stake in shares of JPMorgan Chase & Co. by 8.1% in the fourth quarter. United Bank now owns 27,405 shares of the financial services provider's stock worth $6,569,000 after buying an additional 2,051 shares during the last quarter. Finally, Physician Wealth Advisors Inc. grew its holdings in JPMorgan Chase & Co. by 4.5% during the fourth quarter. Physician Wealth Advisors Inc. now owns 1,611 shares of the financial services provider's stock worth $386,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

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JPMorgan Chase & Co. Price Performance

Shares of JPM traded up $3.73 during trading hours on Monday, hitting $214.01. 22,899,437 shares of the stock were exchanged, compared to its average volume of 9,534,423. The stock's 50-day moving average price is $253.67 and its two-hundred day moving average price is $241.77. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a market cap of $598.39 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to analysts' expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.04 EPS. Research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.62%. The ex-dividend date is Friday, April 4th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio is currently 28.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on JPM shares. Robert W. Baird raised JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $215.00 to $220.00 in a report on Friday, March 7th. Evercore ISI decreased their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Bank of America dropped their price target on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Finally, Barclays increased their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and a consensus target price of $254.83.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, the insider now owns 50,377 shares of the company's stock, valued at approximately $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the sale, the chief executive officer now owns 158,381 shares of the company's stock, valued at approximately $42,737,529.04. The trade was a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,848 shares of company stock worth $19,987,908. Insiders own 0.79% of the company's stock.

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.