Bristol John W & Co. Inc. NY Cuts Position in JPMorgan Chase & Co. (NYSE:JPM)

Bristol John W & Co. Inc. NY decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 934,568 shares of the financial services provider's stock after selling 21,085 shares during the quarter. JPMorgan Chase & Co. accounts for about 3.7% of Bristol John W & Co. Inc. NY's investment portfolio, making the stock its 6th largest position. Bristol John W & Co. Inc. NY's holdings in JPMorgan Chase & Co. were worth $224,025,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Redwood Park Advisors LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $29,000. Sellwood Investment Partners LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $34,000. Investment Counsel Co. of Nevada acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $37,000. Midwest Capital Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $43,000. Finally, Prudent Man Investment Management Inc. acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at $43,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 2,821 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $749,567.91. Following the completion of the transaction, the general counsel now directly owns 68,757 shares in the company, valued at approximately $18,269,422.47. The trade was a 3.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeremy Barnum sold 40,014 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the sale, the chief financial officer now owns 18,017 shares in the company, valued at $4,518,123.09. This trade represents a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,594 shares of company stock worth $23,991,061 in the last quarter. Corporate insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on JPM shares. Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. KGI Securities initiated coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $285.00 target price (up previously from $255.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Wall Street Zen raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a "buy" rating and a $305.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $266.65.

JPMorgan Chase & Co. Trading Up 0.1%

Shares of JPMorgan Chase & Co. stock traded up $0.38 during trading on Thursday, hitting $263.87. 2,464,454 shares of the company were exchanged, compared to its average volume of 9,543,710. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The firm has a market capitalization of $733.32 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The firm's fifty day moving average price is $245.28 and its 200 day moving average price is $248.79. JPMorgan Chase & Co. has a 1-year low of $190.88 and a 1-year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. During the same quarter in the previous year, the company earned $4.44 earnings per share. The business's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.49%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.