Dynamic Advisor Solutions LLC Has $20.64 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Dynamic Advisor Solutions LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 8.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,119 shares of the financial services provider's stock after selling 7,624 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.9% of Dynamic Advisor Solutions LLC's portfolio, making the stock its 22nd biggest position. Dynamic Advisor Solutions LLC's holdings in JPMorgan Chase & Co. were worth $20,644,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aspiring Ventures LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $302,000. DGS Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 5.0% during the 4th quarter. DGS Capital Management LLC now owns 1,037 shares of the financial services provider's stock worth $249,000 after purchasing an additional 49 shares during the last quarter. Bennett Selby Investments LP grew its position in shares of JPMorgan Chase & Co. by 0.7% in the fourth quarter. Bennett Selby Investments LP now owns 8,966 shares of the financial services provider's stock valued at $2,149,000 after purchasing an additional 59 shares during the period. Cottonwood Capital Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 23.0% during the 4th quarter. Cottonwood Capital Advisors LLC now owns 4,293 shares of the financial services provider's stock worth $1,029,000 after acquiring an additional 804 shares during the period. Finally, Eclectic Associates Inc. ADV increased its position in JPMorgan Chase & Co. by 2.7% during the fourth quarter. Eclectic Associates Inc. ADV now owns 16,315 shares of the financial services provider's stock worth $3,911,000 after purchasing an additional 435 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

JPM traded up $2.02 during trading on Thursday, reaching $268.60. 2,196,412 shares of the company's stock were exchanged, compared to its average volume of 10,310,012. The business has a 50 day moving average price of $247.08 and a 200 day moving average price of $227.63. The company has a market capitalization of $756.20 billion, a P/E ratio of 13.62, a PEG ratio of 2.83 and a beta of 1.11. JPMorgan Chase & Co. has a fifty-two week low of $171.43 and a fifty-two week high of $270.68. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

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

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.86%. JPMorgan Chase & Co.'s dividend payout ratio is 25.33%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Robert W. Baird cut shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price target for the company. in a research report on Thursday, November 7th. Keefe, Bruyette & Woods raised their price objective 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, January 16th. Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Daiwa Capital Markets lowered their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating for the company in a report on Thursday, October 10th. Finally, Wolfe Research upgraded 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and an average price target of $251.78.

Insider Activity

In related news, General Counsel Stacey Friedman sold 3,303 shares of the firm's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.79% of the stock is currently owned by corporate insiders.

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.