Putnam FL Investment Management Co. reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.3% during the 4th quarter, HoldingsChannel reports. The fund owned 127,316 shares of the financial services provider’s stock after selling 2,988 shares during the period. JPMorgan Chase & Co. accounts for about 1.4% of Putnam FL Investment Management Co.’s portfolio, making the stock its 23rd largest position. Putnam FL Investment Management Co.’s holdings in JPMorgan Chase & Co. were worth $12,429,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of JPM. Equitable Trust Co. lifted its holdings in JPMorgan Chase & Co. by 5.9% during the 4th quarter. Equitable Trust Co. now owns 59,490 shares of the financial services provider’s stock valued at $5,807,000 after purchasing an additional 3,319 shares during the last quarter. Lake Point Wealth Management bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $522,000. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $3,059,000. Garde Capital Inc. lifted its holdings in JPMorgan Chase & Co. by 0.6% during the 4th quarter. Garde Capital Inc. now owns 17,208 shares of the financial services provider’s stock valued at $1,680,000 after purchasing an additional 95 shares during the last quarter. Finally, HighPoint Advisor Group LLC lifted its holdings in JPMorgan Chase & Co. by 16.6% during the 4th quarter. HighPoint Advisor Group LLC now owns 86,367 shares of the financial services provider’s stock valued at $9,092,000 after purchasing an additional 12,309 shares during the last quarter. Institutional investors and hedge funds own 69.48% of the company’s stock.

Shares of NYSE JPM opened at $109.90 on Thursday. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $119.24. The stock has a market capitalization of $375.63 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 1.56 and a beta of 1.16. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.33. The business had revenue of $29.12 billion during the quarter, compared to the consensus estimate of $27.95 billion. JPMorgan Chase & Co. had a net margin of 24.28% and a return on equity of 14.23%. During the same period in the previous year, the firm posted $2.37 earnings per share. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 10 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 35.56%.

JPM has been the subject of several analyst reports. BMO Capital Markets cut their price target on shares of JPMorgan Chase & Co. from $124.00 to $123.00 and set a “market perform” rating for the company in a report on Wednesday, January 16th. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Barclays reaffirmed a “buy” rating and issued a $140.00 target price on shares of JPMorgan Chase & Co. in a research note on Thursday, February 21st. Morgan Stanley boosted their target price on shares of JPMorgan Chase & Co. from $124.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, Credit Suisse Group boosted their target price on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $123.85.

In related news, CFO Marianne Lake sold 115,415 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $109.75, for a total transaction of $12,666,796.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 3,710 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $109.75, for a total transaction of $407,172.50. Following the sale, the general counsel now directly owns 23,650 shares of the company’s stock, valued at $2,595,587.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 157,573 shares of company stock valued at $17,293,454. 0.76% of the stock is currently owned by insiders.

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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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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