Manning & Napier Advisors LLC Sells 41,508 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Manning & Napier Advisors LLC lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 11.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 333,130 shares of the financial services provider's stock after selling 41,508 shares during the period. Manning & Napier Advisors LLC's holdings in JPMorgan Chase & Co. were worth $79,855,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mizuho Securities Co. Ltd. bought a new position in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $25,000. Catalyst Capital Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $27,000. West Financial Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $37,000. New England Capital Financial Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 38.5% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider's stock worth $38,000 after buying an additional 50 shares during the period. Finally, Carolina Wealth Advisors LLC raised its stake in JPMorgan Chase & Co. by 36.0% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 189 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 50 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity 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 completion of the transaction, the general counsel now directly owns 47,620 shares of the company's stock, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is currently owned by insiders.

Analysts Set New Price Targets

JPM has been the subject of a number of research analyst reports. Oppenheimer cut JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a report on Wednesday, November 20th. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research report on Thursday, January 16th. 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 report on Thursday, January 16th. Citigroup boosted their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th. Finally, Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $251.78.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $268.15 on Wednesday. JPMorgan Chase & Co. has a 52 week low of $172.62 and a 52 week high of $270.82. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The firm's fifty day moving average is $248.25 and its 200-day moving average is $228.90. The firm has a market cap of $754.93 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 2.87 and a beta of 1.12.

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. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. During the same period last year, the firm earned $3.04 earnings per share. The firm's revenue was up 10.9% on a year-over-year basis. Sell-side analysts predict that JPMorgan Chase & Co. will post 17.82 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.'s dividend payout ratio is presently 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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