Butensky & Cohen Financial Security Inc. Has $5.98 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Butensky & Cohen Financial Security Inc. lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,954 shares of the financial services provider's stock after selling 1,279 shares during the quarter. JPMorgan Chase & Co. accounts for 1.9% of Butensky & Cohen Financial Security Inc.'s investment portfolio, making the stock its 5th biggest position. Butensky & Cohen Financial Security Inc.'s holdings in JPMorgan Chase & Co. were worth $5,982,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in JPM. Grant GrossMendelsohn LLC lifted its position in JPMorgan Chase & Co. by 3.0% in the fourth quarter. Grant GrossMendelsohn LLC now owns 9,558 shares of the financial services provider's stock valued at $2,291,000 after purchasing an additional 275 shares during the last quarter. Walker Asset Management LLC raised its holdings in JPMorgan Chase & Co. by 2.2% during the 4th quarter. Walker Asset Management LLC now owns 2,453 shares of the financial services provider's stock valued at $588,000 after buying an additional 53 shares during the last quarter. Relyea Zuckerberg Hanson LLC raised its holdings in JPMorgan Chase & Co. by 15.7% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 22,921 shares of the financial services provider's stock valued at $5,495,000 after buying an additional 3,104 shares during the last quarter. Saxon Interests Inc. boosted its position in JPMorgan Chase & Co. by 8.7% during the 4th quarter. Saxon Interests Inc. now owns 10,456 shares of the financial services provider's stock valued at $2,506,000 after buying an additional 836 shares during the period. Finally, Wealthcare Capital Management LLC grew its holdings in JPMorgan Chase & Co. by 15.5% in the 4th quarter. Wealthcare Capital Management LLC now owns 1,101 shares of the financial services provider's stock worth $264,000 after acquiring an additional 148 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased 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 report on Thursday. Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Oppenheimer cut JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 20th. 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. Finally, Evercore ISI boosted their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and a consensus price target of $251.78.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 3,303 shares of the firm's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the sale, the general counsel now owns 47,620 shares of the company's stock, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Stock Up 2.0 %

JPMorgan Chase & Co. stock traded up $5.19 during mid-day trading on Monday, reaching $259.46. The stock had a trading volume of 17,629,775 shares, compared to its average volume of 8,107,328. JPMorgan Chase & Co. has a one year low of $165.24 and a one year high of $260.62. The company has a 50-day moving average price of $243.50 and a two-hundred day moving average price of $224.52. The company has a market capitalization of $730.47 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 3.16 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued 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. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business had revenue of $42.77 billion during the quarter, compared to analysts' expectations of $41.90 billion. During the same period in the previous year, the company earned $3.04 earnings per share. The business's revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts expect that JPMorgan Chase & Co. will post 17.46 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.93%. 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.