Menora Mivtachim Holdings LTD. Has $355.81 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Menora Mivtachim Holdings LTD. trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,484,314 shares of the financial services provider's stock after selling 92,934 shares during the quarter. JPMorgan Chase & Co. comprises 2.2% of Menora Mivtachim Holdings LTD.'s portfolio, making the stock its 11th largest position. Menora Mivtachim Holdings LTD. owned approximately 0.05% of JPMorgan Chase & Co. worth $355,805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Redwood Park Advisors LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $29,000. Sellwood Investment Partners LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $34,000. Prudent Man Investment Management Inc. acquired a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $43,000. Midwest Capital Advisors LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter worth about $43,000. Finally, Collier Financial acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Buying and Selling

In other news, General Counsel Stacey Friedman sold 3,303 shares of the company'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 of the company's stock, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the sale, the chief executive officer now directly owns 158,381 shares of the company's stock, valued at approximately $42,737,529.04. The trade was a 19.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,848 shares of company stock worth $19,987,908. 0.79% of the stock is owned by company insiders.

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JPMorgan Chase & Co. Trading Down 0.7 %

Shares of JPM stock traded down $1.68 during trading hours on Tuesday, reaching $233.04. 10,902,541 shares of the stock traded hands, compared to its average volume of 9,642,534. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $648.54 billion, a PE ratio of 11.81, a PEG ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a 1-year low of $179.20 and a 1-year high of $280.25. The business has a fifty day moving average price of $247.29 and a 200 day moving average price of $242.36.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued 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. The business had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.'s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.44 earnings per share. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS 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. Stockholders of record on Friday, April 4th will be given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.40%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio is 27.49%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on JPM shares. Barclays increased their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. StockNews.com cut shares of JPMorgan Chase & Co. from a "hold" rating to a "sell" rating in a research note on Monday. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and increased their target price for the company from $215.00 to $220.00 in a research report on Friday, March 7th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target on the stock in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods increased their price objective 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $254.11.

JPMorgan Chase & Co. 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.