Sompo Asset Management Co. Ltd. Lowers Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Sompo Asset Management Co. Ltd. trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 15.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,397 shares of the financial services provider's stock after selling 5,986 shares during the quarter. JPMorgan Chase & Co. comprises about 1.4% of Sompo Asset Management Co. Ltd.'s investment portfolio, making the stock its 17th largest holding. Sompo Asset Management Co. Ltd.'s holdings in JPMorgan Chase & Co. were worth $8,006,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in JPM. Beck Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 1.1% in the 4th quarter. Beck Capital Management LLC now owns 14,465 shares of the financial services provider's stock valued at $3,467,000 after buying an additional 151 shares during the period. Brasada Capital Management LP boosted its stake in shares of JPMorgan Chase & Co. by 12.2% in the 4th quarter. Brasada Capital Management LP now owns 13,159 shares of the financial services provider's stock valued at $3,214,000 after purchasing an additional 1,433 shares during the last quarter. MGO One Seven LLC grew its holdings in JPMorgan Chase & Co. by 6.2% during the 4th quarter. MGO One Seven LLC now owns 93,292 shares of the financial services provider's stock worth $22,363,000 after acquiring an additional 5,443 shares during the period. Pinebridge Investments L.P. raised its position in shares of JPMorgan Chase & Co. by 19.3% in the 4th quarter. Pinebridge Investments L.P. now owns 1,685,696 shares of the financial services provider's stock worth $404,078,000 after acquiring an additional 272,544 shares in the last quarter. Finally, Quantessence Capital LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $2,854,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Buying and Selling

In other news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the transaction, the insider now owns 50,377 shares in the company, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the sale, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. This trade represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,545 shares of company stock valued at $19,149,144. 0.47% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Performance

JPM stock traded down $1.17 during mid-day trading on Friday, hitting $243.47. The company had a trading volume of 8,586,513 shares, compared to its average volume of 9,631,757. 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 cap of $677.58 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a 12 month low of $188.46 and a 12 month high of $280.25. The stock's fifty day moving average price is $240.91 and its two-hundred day moving average price is $243.82.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted 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. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. During the same quarter in the previous year, the firm posted $4.44 EPS. JPMorgan Chase & Co.'s revenue was up 8.0% on a year-over-year basis. On average, analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, April 4th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on JPM shares. Barclays lifted their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Wolfe Research upgraded JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 target price for the company in a research note on Friday, January 3rd. Keefe, Bruyette & Woods lifted their price objective 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. Finally, 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price 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.