Envestnet Asset Management Inc. trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 802,726 shares of the financial services provider’s stock after selling 4,563 shares during the period. Envestnet Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $85,842,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of JPM. Keeler Thomas Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $112,000. Cerebellum GP LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $119,000. Price Wealth Management Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $124,000. Americafirst Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $143,000. Finally, FSI Group LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $159,000. 72.10% of the stock is currently owned by hedge funds and other institutional investors.

JPM stock opened at $107.90 on Friday. JPMorgan Chase & Co. has a one year low of $86.01 and a one year high of $119.33. The firm has a market capitalization of $370.75 billion, a PE ratio of 15.71, a PEG ratio of 1.79 and a beta of 1.21. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.19.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.09. JPMorgan Chase & Co. had a net margin of 22.53% and a return on equity of 12.60%. The company had revenue of $27.90 billion during the quarter, compared to analysts’ expectations of $27.73 billion. During the same quarter last year, the business earned $1.65 EPS. The business’s revenue was up 12.0% on a year-over-year basis. research analysts expect that JPMorgan Chase & Co. will post 9.05 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Friday, July 6th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Thursday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.61%.

In related news, Director Todd A. Combs acquired 13,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 14th. The stock was purchased at an average price of $114.61 per share, for a total transaction of $1,489,930.00. Following the completion of the purchase, the director now directly owns 18,277 shares of the company’s stock, valued at $2,094,726.97. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mellody L. Hobson acquired 18,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, April 16th. The stock was bought at an average price of $111.05 per share, with a total value of $1,998,900.00. Following the purchase, the director now directly owns 864 shares of the company’s stock, valued at $95,947.20. The disclosure for this purchase can be found here. Insiders purchased 53,000 shares of company stock valued at $25,488,830 in the last quarter. Company insiders own 0.73% of the company’s stock.

JPM has been the topic of a number of recent analyst reports. Morgan Stanley increased their target price on shares of JPMorgan Chase & Co. from $133.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $131.00 target price (up from $124.00) on shares of JPMorgan Chase & Co. in a research report on Wednesday, February 21st. Nomura raised their price objective on shares of JPMorgan Chase & Co. from $113.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. BMO Capital Markets raised their price objective on shares of JPMorgan Chase & Co. from $110.00 to $111.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. Finally, Vetr raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $111.28 price objective on the stock in a research report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the stock. JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus target price of $114.06.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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