JPMorgan Chase & Co. (NYSE:JPM) is Highland Capital Management LLC's 6th Largest Position

Highland Capital Management LLC lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 173,900 shares of the financial services provider's stock after selling 7,011 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.4% of Highland Capital Management LLC's portfolio, making the stock its 6th biggest position. Highland Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $41,685,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JPM. AMF Tjanstepension AB raised its position in shares of JPMorgan Chase & Co. by 17.2% in the 3rd quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider's stock worth $99,972,000 after purchasing an additional 69,451 shares during the last quarter. Czech National Bank raised its position in shares of JPMorgan Chase & Co. by 5.9% in the 3rd quarter. Czech National Bank now owns 579,485 shares of the financial services provider's stock worth $122,190,000 after purchasing an additional 32,261 shares during the last quarter. Alpha Financial Partners LLC raised its position in shares of JPMorgan Chase & Co. by 11.5% in the 3rd quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider's stock worth $702,000 after purchasing an additional 343 shares during the last quarter. Kure Advisory LLC purchased a new position in shares of JPMorgan Chase & Co. in the 3rd quarter worth about $204,000. Finally, Versant Capital Management Inc raised its position in shares of JPMorgan Chase & Co. by 34.2% in the 3rd quarter. Versant Capital Management Inc now owns 2,769 shares of the financial services provider's stock worth $584,000 after purchasing an additional 705 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Barclays boosted their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 7th. Robert W. Baird downgraded JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price target for the company. in a research note on Thursday, November 7th. Royal Bank of Canada boosted their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Finally, UBS Group boosted their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $251.78.

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. Insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Stock Up 0.5 %

NYSE JPM opened at $268.15 on Wednesday. The stock's 50 day moving average is $248.25 and its 200 day moving average is $228.90. 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 12 month low of $172.62 and a 12 month high of $270.82. The stock has a market cap of $754.93 billion, a PE ratio of 13.58, a P/E/G ratio of 2.87 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts' consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $42.77 billion for the quarter, compared to analysts' expectations of $41.90 billion. During the same period in the previous year, the firm earned $3.04 EPS. The firm's revenue was up 10.9% compared to the same quarter last year. Research analysts predict that JPMorgan Chase & Co. will post 17.82 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were issued a dividend of $1.25 per share. The ex-dividend date was Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.86%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 25.33%.

About JPMorgan Chase & Co.

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.

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