Private Capital Management LLC Sells 1,000 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Private Capital Management LLC trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,003 shares of the financial services provider's stock after selling 1,000 shares during the period. JPMorgan Chase & Co. accounts for about 2.9% of Private Capital Management LLC's investment portfolio, making the stock its 12th biggest holding. Private Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $27,328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. ProShare Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 15.8% in the 4th quarter. ProShare Advisors LLC now owns 766,428 shares of the financial services provider's stock valued at $183,720,000 after purchasing an additional 104,413 shares during the period. Quantinno Capital Management LP increased its position in JPMorgan Chase & Co. by 28.0% during the 4th quarter. Quantinno Capital Management LP now owns 333,243 shares of the financial services provider's stock worth $79,882,000 after buying an additional 72,956 shares during the period. Mufg Securities Americas Inc. bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $11,181,000. Nissay Asset Management Corp Japan ADV increased its holdings in JPMorgan Chase & Co. by 8.7% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 564,729 shares of the financial services provider's stock valued at $136,196,000 after buying an additional 44,993 shares during the period. Finally, Nearwater Capital Markets Ltd bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth $82,940,000. Institutional investors own 71.55% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on JPM. TD Cowen initiated coverage on JPMorgan Chase & Co. in a report on Thursday. They set a "buy" rating and a $305.00 price target on the stock. Bank of America cut their price target on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. StockNews.com raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday. KGI Securities initiated coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They issued a "hold" rating on the stock. Finally, Evercore ISI reduced their price target on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and an average target price of $258.26.

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 6,129 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $250.76, for a total value of $1,536,908.04. Following the completion of the transaction, the chief operating officer now directly owns 68,583 shares of the company's stock, valued at $17,197,873.08. This represents a 8.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the sale, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. The trade was a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,188 shares of company stock valued at $33,095,363. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Up 0.1%

NYSE JPM traded up $0.16 on Friday, hitting $267.65. The company's stock had a trading volume of 8,920,049 shares, compared to its average volume of 9,645,897. The firm has a market cap of $743.83 billion, a P/E ratio of 13.56, a PEG ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a 52-week low of $190.88 and a 52-week high of $280.25. The company's 50-day simple moving average is $240.72 and its 200 day simple moving average is $246.92. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. The company had revenue of $45.30 billion during 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 firm's revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.44 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th were given a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.09%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.

JPMorgan Chase & Co. Company 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.