Goldstream Capital Management Ltd Trims Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Goldstream Capital Management Ltd reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 57.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,841 shares of the financial services provider's stock after selling 5,141 shares during the period. JPMorgan Chase & Co. makes up about 0.3% of Goldstream Capital Management Ltd's holdings, making the stock its 17th largest position. Goldstream Capital Management Ltd's holdings in JPMorgan Chase & Co. were worth $921,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC boosted its position in JPMorgan Chase & Co. by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 59,220,603 shares of the financial services provider's stock worth $14,161,171,000 after purchasing an additional 876,417 shares in the last quarter. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $8,310,884,000. Capital Research Global Investors boosted its position in shares of JPMorgan Chase & Co. by 9.1% in the 4th quarter. Capital Research Global Investors now owns 22,841,033 shares of the financial services provider's stock worth $5,475,223,000 after buying an additional 1,914,049 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in JPMorgan Chase & Co. by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,103,063 shares of the financial services provider's stock valued at $4,818,905,000 after acquiring an additional 71,122 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in JPMorgan Chase & Co. by 3.7% during the 4th quarter. Fisher Asset Management LLC now owns 17,401,436 shares of the financial services provider's stock valued at $4,171,298,000 after acquiring an additional 617,164 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 25,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.02, for a total value of $6,175,500.00. Following the completion of the sale, the chief executive officer now owns 133,381 shares of the company's stock, valued at $32,947,774.62. This trade represents a 15.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, the insider now directly owns 50,377 shares in the company, valued at approximately $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,545 shares of company stock valued at $19,149,144 over the last three months. 0.79% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on JPM. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a report on Thursday, January 16th. StockNews.com downgraded JPMorgan Chase & Co. from a "hold" rating to a "sell" rating in a research report on Monday, April 14th. Barclays increased their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. KGI Securities assumed coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating for the company. Finally, Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $215.00 to $220.00 in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and an average target price of $255.67.

JPMorgan Chase & Co. Trading Up 1.6 %

Shares of NYSE JPM traded up $3.89 during midday trading on Thursday, hitting $244.77. The stock had a trading volume of 9,045,613 shares, compared to its average volume of 9,612,706. 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. has a 1-year low of $188.46 and a 1-year high of $280.25. The company has a market capitalization of $681.19 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 2.83 and a beta of 1.01. The company has a fifty day moving average price of $242.26 and a 200 day moving average price of $243.15.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. During the same period in the previous year, the company posted $4.44 earnings per share. JPMorgan Chase & Co.'s revenue was up 8.0% compared to the same quarter last year. On average, analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be issued 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 2.29%. The ex-dividend date of this dividend is Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

About JPMorgan Chase & Co.

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.