Hudson Canyon Capital Management Cuts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Hudson Canyon Capital Management lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,038 shares of the financial services provider’s stock after selling 169 shares during the period. JPMorgan Chase & Co. accounts for about 2.2% of Hudson Canyon Capital Management’s investment portfolio, making the stock its 10th largest holding. Hudson Canyon Capital Management’s holdings in JPMorgan Chase & Co. were worth $3,365,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. GAM Holding AG grew its position in JPMorgan Chase & Co. by 9.3% during the 4th quarter. GAM Holding AG now owns 90,711 shares of the financial services provider’s stock valued at $21,744,000 after purchasing an additional 7,746 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in shares of JPMorgan Chase & Co. by 2.1% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 105,297 shares of the financial services provider’s stock valued at $25,241,000 after buying an additional 2,195 shares during the period. Mraz Amerine & Associates Inc. bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $250,000. Venturi Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 96.8% in the 4th quarter. Venturi Wealth Management LLC now owns 17,934 shares of the financial services provider’s stock worth $4,299,000 after purchasing an additional 8,819 shares during the period. Finally, Fortis Group Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 299.7% during the 4th quarter. Fortis Group Advisors LLC now owns 1,215 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 911 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Activity

In other news, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the transaction, the insider now directly owns 50,377 shares of the company’s stock, valued at $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the transaction, the chief executive officer now owns 158,381 shares in the company, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,326 shares of company stock valued at $12,448,445. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $259.09 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a fifty-two week low of $179.20 and a fifty-two week high of $280.25. The stock’s 50-day simple moving average is $258.01 and its 200-day simple moving average is $236.53. The firm has a market capitalization of $724.43 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 2.83 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.04 EPS. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were paid a $1.25 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.93%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. UBS Group upped their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Robert W. Baird downgraded 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. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research note on Friday, January 3rd. 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 report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.