JPMorgan Chase & Co. (NYSE:JPM) Position Lowered by Brooks Moore & Associates Inc.

Brooks Moore & Associates Inc. trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,003 shares of the financial services provider's stock after selling 1,342 shares during the period. JPMorgan Chase & Co. accounts for 4.3% of Brooks Moore & Associates Inc.'s portfolio, making the stock its 2nd largest holding. Brooks Moore & Associates Inc.'s holdings in JPMorgan Chase & Co. were worth $7,192,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in JPMorgan Chase & Co. by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 59,220,603 shares of the financial services provider's stock valued at $14,161,171,000 after buying an additional 876,417 shares in the last quarter. Norges Bank bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth $8,310,884,000. Northern Trust Corp raised its stake in JPMorgan Chase & Co. by 15.4% during the fourth quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock valued at $8,113,147,000 after purchasing an additional 4,515,147 shares in the last quarter. Capital Research Global Investors lifted its position in JPMorgan Chase & Co. by 9.1% during the fourth quarter. Capital Research Global Investors now owns 22,841,033 shares of the financial services provider's stock valued at $5,475,223,000 after purchasing an additional 1,914,049 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of JPMorgan Chase & Co. by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,103,063 shares of the financial services provider's stock worth $4,818,905,000 after buying an additional 71,122 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Price Performance

NYSE JPM traded up $4.16 during trading hours on Thursday, reaching $253.55. The company's stock had a trading volume of 8,311,246 shares, compared to its average volume of 9,637,506. The firm has a market capitalization of $705.61 billion, a price-to-earnings ratio of 12.84, a P/E/G ratio of 2.83 and a beta of 1.07. The company's 50-day moving average is $238.34 and its two-hundred day moving average is $245.11. 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. 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 announced its earnings results 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. The firm had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business's revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.44 EPS. On average, equities analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 4th were paid a $1.40 dividend. The ex-dividend date was Friday, April 4th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a yield of 2.21%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.

Insiders Place Their Bets

In related news, CFO Jeremy Barnum sold 40,014 shares of the business'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 completion of the sale, the chief financial officer now directly owns 18,017 shares in the company, valued at approximately $4,518,123.09. The trade was a 68.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the transaction, the insider now owns 49,127 shares in the company, valued at $12,130,438.84. The trade was a 2.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 129,188 shares of company stock worth $33,095,363. Corporate insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on JPM shares. Keefe, Bruyette & Woods increased their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a report on Thursday, January 16th. Barclays boosted their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. UBS Group raised their price target on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. KGI Securities started coverage on shares of JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a "hold" rating on the stock. Finally, Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $215.00 to $220.00 in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Hold" and an average price target of $255.67.

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.