Swedbank AB Decreases Position in JPMorgan Chase & Co. (NYSE:JPM)

Swedbank AB reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,127,198 shares of the financial services provider's stock after selling 58,124 shares during the quarter. JPMorgan Chase & Co. makes up 1.2% of Swedbank AB's portfolio, making the stock its 14th biggest holding. Swedbank AB owned approximately 0.15% of JPMorgan Chase & Co. worth $989,331,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. AMF Tjanstepension AB boosted its stake in JPMorgan Chase & Co. by 17.2% during the 3rd quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider's stock valued at $99,972,000 after purchasing an additional 69,451 shares in the last quarter. Czech National Bank increased its stake in shares of JPMorgan Chase & Co. by 5.9% in the third quarter. Czech National Bank now owns 579,485 shares of the financial services provider's stock worth $122,190,000 after purchasing an additional 32,261 shares during the period. Alpha Financial Partners LLC grew its position in JPMorgan Chase & Co. by 11.5% during the third quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider's stock worth $702,000 after buying an additional 343 shares in the last quarter. Kure Advisory LLC bought a new position in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $204,000. Finally, Versant Capital Management Inc raised its position in JPMorgan Chase & Co. by 34.2% in the 3rd quarter. Versant Capital Management Inc now owns 2,769 shares of the financial services provider's stock worth $584,000 after purchasing an additional 705 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the business's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the sale, the general counsel now owns 47,620 shares of the company's stock, valued at $12,092,622.80. The trade was a 6.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.79% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on JPM. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective for the company. in a research note on Thursday, November 7th. Oppenheimer lowered shares of JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research report on Wednesday, November 20th. UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 19th. Finally, 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 note on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given 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 target price of $251.78.

JPMorgan Chase & Co. Trading Up 0.5 %

JPM stock opened at $268.15 on Wednesday. The business has a fifty day moving average price of $248.25 and a 200 day moving average price of $228.90. JPMorgan Chase & Co. has a fifty-two week low of $172.62 and a fifty-two week high of $270.82. The stock has a market capitalization of $754.93 billion, a price-to-earnings ratio of 13.58, a P/E/G ratio of 2.87 and a beta of 1.12. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

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

JPMorgan Chase & Co. Announces Dividend

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

JPMorgan Chase & Co. Company 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.

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