Vantage Investment Partners LLC Sells 6,786 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Vantage Investment Partners LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,715 shares of the financial services provider's stock after selling 6,786 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.3% of Vantage Investment Partners LLC's investment portfolio, making the stock its 21st largest holding. Vantage Investment Partners LLC's holdings in JPMorgan Chase & Co. were worth $14,554,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Spectrum Strategic Capital Management LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter worth about $224,000. Altus Wealth Management LLC increased its position in JPMorgan Chase & Co. by 1.7% during the fourth quarter. Altus Wealth Management LLC now owns 3,367 shares of the financial services provider's stock worth $807,000 after acquiring an additional 55 shares during the period. BankPlus Wealth Management LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter worth about $836,000. Northwest Financial Advisors increased its position in JPMorgan Chase & Co. by 9.2% during the fourth quarter. Northwest Financial Advisors now owns 5,734 shares of the financial services provider's stock worth $1,374,000 after acquiring an additional 481 shares during the period. Finally, JDH Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $271,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Trading Up 0.5 %

NYSE JPM traded up $1.34 during trading hours on Tuesday, reaching $268.15. The company's stock had a trading volume of 5,619,778 shares, compared to its average volume of 10,176,410. The firm has a fifty day simple moving average of $248.25 and a 200-day simple moving average of $228.90. The stock has a market cap of $754.93 billion, a P/E ratio of 13.58, a P/E/G ratio of 2.87 and a beta of 1.12. 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 current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business earned $3.04 EPS. Equities analysts forecast that JPMorgan Chase & Co. will post 17.82 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the general counsel now 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.79% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on JPM shares. Barclays increased their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 20th. Royal Bank of Canada increased their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Bank of America increased their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Finally, Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective on the stock. in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Hold" and an average target price of $251.78.

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.