Wealthcare Advisory Partners LLC Sells 1,697 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Wealthcare Advisory Partners LLC trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,520 shares of the financial services provider's stock after selling 1,697 shares during the period. Wealthcare Advisory Partners LLC's holdings in JPMorgan Chase & Co. were worth $12,590,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Eagle Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider's stock worth $4,423,000 after acquiring an additional 84 shares during the period. Fiera Capital Corp lifted its holdings in JPMorgan Chase & Co. by 1.7% in the second quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider's stock worth $756,000 after purchasing an additional 63 shares during the period. Alpha Financial Partners LLC grew its position in JPMorgan Chase & Co. by 9.4% in the 2nd quarter. Alpha Financial Partners LLC now owns 2,986 shares of the financial services provider's stock valued at $604,000 after buying an additional 257 shares in the last quarter. DHK Financial Advisors Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $585,000. Finally, Madison Wealth Partners Inc boosted its holdings in shares of JPMorgan Chase & Co. by 1.9% in the second quarter. Madison Wealth Partners Inc now owns 7,804 shares of the financial services provider's stock valued at $1,579,000 after acquiring an additional 149 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 2.0 %

Shares of NYSE JPM traded up $5.19 during trading hours on Monday, hitting $259.46. The stock had a trading volume of 17,629,775 shares, compared to its average volume of 8,107,328. The firm's 50-day moving average price is $243.50 and its two-hundred day moving average price is $224.52. JPMorgan Chase & Co. has a 52 week low of $165.24 and a 52 week high of $260.62. The company has a market capitalization of $730.47 billion, a P/E ratio of 14.44, a P/E/G ratio of 3.16 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating analysts' consensus estimates of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. JPMorgan Chase & Co.'s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.04 EPS. Analysts anticipate that JPMorgan Chase & Co. will post 17.46 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 dividend yield of 1.93%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.82%.

Insider Transactions at JPMorgan Chase & Co.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on JPM shares. Barclays increased their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday. UBS Group upped their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a "buy" rating in a report on Thursday. Bank of America raised their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 target price on the stock. in a report on Thursday, November 7th. Finally, Baird R W cut shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Hold" and a consensus target price of $251.78.

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.