Hibernia Wealth Partners LLC Sells 2,075 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Hibernia Wealth Partners LLC trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 36.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,573 shares of the financial services provider's stock after selling 2,075 shares during the period. JPMorgan Chase & Co. makes up approximately 0.6% of Hibernia Wealth Partners LLC's holdings, making the stock its 22nd largest position. Hibernia Wealth Partners LLC's holdings in JPMorgan Chase & Co. were worth $856,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Leavell Investment Management Inc. lifted its position in JPMorgan Chase & Co. by 1.0% in the 4th quarter. Leavell Investment Management Inc. now owns 93,903 shares of the financial services provider's stock valued at $22,509,000 after acquiring an additional 908 shares in the last quarter. Portfolio Design Labs LLC lifted its holdings in shares of JPMorgan Chase & Co. by 24.6% during the fourth quarter. Portfolio Design Labs LLC now owns 22,677 shares of the financial services provider's stock valued at $5,436,000 after purchasing an additional 4,481 shares in the last quarter. Edmp Inc. boosted its position in shares of JPMorgan Chase & Co. by 27.6% during the fourth quarter. Edmp Inc. now owns 1,645 shares of the financial services provider's stock valued at $394,000 after buying an additional 356 shares during the last quarter. Index Fund Advisors Inc. increased its holdings in JPMorgan Chase & Co. by 3.4% in the 4th quarter. Index Fund Advisors Inc. now owns 2,879 shares of the financial services provider's stock worth $690,000 after buying an additional 96 shares in the last quarter. Finally, Oceanside Advisors LLC lifted its stake in JPMorgan Chase & Co. by 9.6% during the 4th quarter. Oceanside Advisors LLC now owns 2,170 shares of the financial services provider's stock valued at $520,000 after acquiring an additional 190 shares during the period. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the sale, the general counsel now directly owns 47,620 shares of the company's stock, valued at $12,092,622.80. This represents a 6.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the insider now owns 50,377 shares of the company's stock, valued at $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,326 shares of company stock valued at $12,448,445. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

JPM stock traded down $2.66 during trading on Friday, reaching $264.14. The company's stock had a trading volume of 12,801,234 shares, compared to its average volume of 9,465,503. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company's fifty day moving average is $255.63 and its 200-day moving average is $234.48. The company has a market capitalization of $738.56 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 2.96 and a beta of 1.12. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released 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 firm had revenue of $42.77 billion during the quarter, compared to analysts' expectations of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm's revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business posted $3.04 earnings per share. On average, research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.'s payout ratio is currently 25.33%.

Analyst Ratings Changes

A number of brokerages have recently commented on JPM. Barclays lifted their price target 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. Wolfe Research raised shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 target price for the company in a research report on Friday, January 3rd. Citigroup boosted their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th. UBS Group raised their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Finally, Bank of America upped their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Hold" and a consensus price target of $251.78.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of 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.