Impax Asset Management Group plc Lowers Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Impax Asset Management Group plc trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 276,035 shares of the financial services provider’s stock after selling 35,049 shares during the period. Impax Asset Management Group plc’s holdings in JPMorgan Chase & Co. were worth $66,168,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in JPM. Prossimo Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.5% in the third quarter. Prossimo Advisors LLC now owns 8,740 shares of the financial services provider’s stock worth $1,843,000 after purchasing an additional 47 shares during the last quarter. White Pine Investment CO increased its stake in JPMorgan Chase & Co. by 1.0% during the third quarter. White Pine Investment CO now owns 37,683 shares of the financial services provider’s stock worth $7,946,000 after acquiring an additional 357 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in JPMorgan Chase & Co. by 0.8% during the third quarter. Janney Montgomery Scott LLC now owns 1,793,267 shares of the financial services provider’s stock worth $378,128,000 after acquiring an additional 14,224 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in JPMorgan Chase & Co. by 1.0% during the third quarter. Harbor Capital Advisors Inc. now owns 58,861 shares of the financial services provider’s stock worth $12,411,000 after acquiring an additional 579 shares during the last quarter. Finally, Latitude Advisors LLC increased its stake in JPMorgan Chase & Co. by 2.1% during the third quarter. Latitude Advisors LLC now owns 5,258 shares of the financial services provider’s stock worth $1,109,000 after acquiring an additional 110 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. This represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,326 shares of company stock worth $12,448,445 over the last 90 days. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Down 2.2 %

Shares of NYSE JPM opened at $246.12 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. The firm has a market capitalization of $688.17 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 2.83 and a beta of 1.10. The stock has a 50 day moving average price of $259.38 and a 200 day moving average price of $238.07. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly 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. The firm had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.04 earnings per share. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced 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 was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 2.03%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Robert W. Baird cut 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. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. UBS Group boosted their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock 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.