Taurus Asset Management LLC Sells 2,425 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Taurus Asset Management LLC decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,849 shares of the financial services provider's stock after selling 2,425 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 4.8% of Taurus Asset Management LLC's portfolio, making the stock its 4th largest holding. Taurus Asset Management LLC's holdings in JPMorgan Chase & Co. were worth $49,344,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JPM. Redwood Park Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $29,000. Sellwood Investment Partners LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $34,000. Prudent Man Investment Management Inc. purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at $43,000. Midwest Capital Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $43,000. Finally, Collier Financial acquired a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $45,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Down 0.7 %

Shares of NYSE:JPM traded down $1.68 during mid-day trading on Tuesday, reaching $233.04. 10,902,541 shares of the company were exchanged, compared to its average volume of 9,642,534. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The firm's 50-day simple moving average is $247.29 and its 200 day simple moving average is $242.36. The firm has a market cap of $648.54 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 2.83 and a beta of 1.01.

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JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. During the same period in the prior year, the firm earned $4.44 earnings per share. The firm's revenue was up 8.0% compared to the same quarter last year. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current 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 given a $1.40 dividend. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a yield of 2.40%. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.'s payout ratio is currently 27.49%.

Insiders Place Their Bets

In related news, COO Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value of $1,153,069.05. Following the completion of the transaction, the chief operating officer now owns 54,469 shares in the company, valued at approximately $14,698,459.65. The trade was a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the sale, the chief executive officer now owns 133,381 shares in the company, valued at approximately $32,947,774.62. This trade represents a 15.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,848 shares of company stock worth $19,987,908 over the last three months. Company insiders own 0.79% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note 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 company 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 target for the company in a report on Friday, January 3rd. StockNews.com lowered JPMorgan Chase & Co. from a "hold" rating to a "sell" rating in a research note on Monday. Finally, UBS Group raised their target price 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of "Hold" and an average target price of $254.11.

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.