Fifth Third Bancorp Sells 26,134 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Fifth Third Bancorp cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,256,431 shares of the financial services provider's stock after selling 26,134 shares during the period. JPMorgan Chase & Co. makes up approximately 1.8% of Fifth Third Bancorp's holdings, making the stock its 8th largest holding. Fifth Third Bancorp owned about 0.08% of JPMorgan Chase & Co. worth $451,963,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JPM. Morgan Stanley raised its position in shares of JPMorgan Chase & Co. by 0.3% in the 3rd quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider's stock valued at $9,127,754,000 after purchasing an additional 201,441 shares in the last quarter. FMR LLC raised its position in shares of JPMorgan Chase & Co. by 1.2% in the 3rd quarter. FMR LLC now owns 49,417,639 shares of the financial services provider's stock valued at $7,166,546,000 after purchasing an additional 606,382 shares in the last quarter. Wellington Management Group LLP raised its position in shares of JPMorgan Chase & Co. by 12.2% in the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider's stock valued at $6,151,997,000 after purchasing an additional 4,603,090 shares in the last quarter. Capital International Investors raised its position in shares of JPMorgan Chase & Co. by 5.4% in the 4th quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider's stock valued at $7,062,094,000 after purchasing an additional 2,128,478 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $6,016,878,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the transaction, the chief executive officer now directly owns 32,819 shares in the company, valued at approximately $5,873,288.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock traded down $1.15 during mid-day trading on Friday, hitting $190.51. The company's stock had a trading volume of 8,922,775 shares, compared to its average volume of 10,290,340. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $547.08 billion, a P/E ratio of 11.50, a P/E/G ratio of 2.40 and a beta of 1.13. JPMorgan Chase & Co. has a twelve month low of $131.81 and a twelve month high of $200.94. The stock's fifty day moving average price is $191.40 and its two-hundred day moving average price is $172.13.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were given a $1.15 dividend. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $4.60 annualized dividend and a yield of 2.41%. JPMorgan Chase & Co.'s payout ratio is 27.78%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Morgan Stanley dropped their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an "overweight" rating on the stock in a research report on Monday, April 15th. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, March 20th. UBS Group dropped their price target on JPMorgan Chase & Co. from $226.00 to $219.00 and set a "buy" rating on the stock in a research report on Tuesday, April 16th. Evercore ISI upped their price objective on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an "outperform" rating in a research note on Thursday, April 4th. Finally, Jefferies Financial Group raised their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a "buy" rating in a research note on Monday, April 8th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $192.05.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

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