JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 566,725 shares of the financial services provider’s stock after selling 25,700 shares during the period. JPMorgan Chase & Co. makes up 1.5% of Factory Mutual Insurance Co.’s holdings, making the stock its 13th biggest holding. Factory Mutual Insurance Co.’s holdings in JPMorgan Chase & Co. were worth $135,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. AMF Tjanstepension AB boosted its holdings 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 acquiring an additional 69,451 shares during the period. Alpha Financial Partners LLC boosted its stake in shares of JPMorgan Chase & Co. by 11.5% in the third quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider’s stock valued at $702,000 after purchasing an additional 343 shares during the period. Perpetual Ltd grew its holdings in shares of JPMorgan Chase & Co. by 3.1% in the third quarter. Perpetual Ltd now owns 11,463 shares of the financial services provider’s stock valued at $2,417,000 after purchasing an additional 342 shares in the last quarter. Financial Advisory Partners LLC increased its stake in JPMorgan Chase & Co. by 2.4% during the 3rd quarter. Financial Advisory Partners LLC now owns 21,517 shares of the financial services provider’s stock worth $4,537,000 after buying an additional 506 shares during the period. Finally, SS&H Financial Advisors Inc. lifted its holdings in JPMorgan Chase & Co. by 0.4% during the 3rd quarter. SS&H Financial Advisors Inc. now owns 106,532 shares of the financial services provider’s stock worth $22,463,000 after buying an additional 421 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other 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 sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Trading Down 0.4 %

NYSE JPM opened at $275.84 on Friday. The firm’s fifty day moving average is $249.57 and its two-hundred day moving average is $229.92. JPMorgan Chase & Co. has a one year low of $172.62 and a one year high of $278.55. 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 has a market cap of $776.57 billion, a PE ratio of 13.97, a P/E/G ratio of 2.87 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same quarter in the previous year, the firm posted $3.04 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 17.82 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were given a $1.25 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.81%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.33%.

Analysts Set New Price Targets

Several equities analysts have commented on JPM shares. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Citigroup boosted their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. 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. Evercore ISI lifted their price objective on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Barclays upped their target price 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus price target of $251.78.

JPMorgan Chase & Co. 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.