Korea Investment CORP trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,870,148 shares of the financial services provider’s stock after selling 101,200 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.5% of Korea Investment CORP’s portfolio, making the stock its 6th biggest holding. Korea Investment CORP’s holdings in JPMorgan Chase & Co. were worth $280,184,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of JPM. Financial Gravity Companies Inc. bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $36,000. Acima Private Wealth LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $38,000. Smart Portfolios LLC boosted its position in JPMorgan Chase & Co. by 29.6% during the fourth quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 114 shares during the period. Contravisory Investment Management Inc. boosted its position in JPMorgan Chase & Co. by 188.3% during the fourth quarter. Contravisory Investment Management Inc. now owns 542 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 354 shares during the period. Finally, Bogart Wealth LLC boosted its position in JPMorgan Chase & Co. by 19.0% during the fourth quarter. Bogart Wealth LLC now owns 625 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 100 shares during the period. 71.46% of the stock is owned by institutional investors.

In related news, CEO Douglas B. Petno sold 18,303 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $109.74, for a total value of $2,008,571.22. Following the completion of the transaction, the chief executive officer now directly owns 259,386 shares in the company, valued at $28,465,019.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mellody L. Hobson bought 1,700 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was purchased at an average price of $114.26 per share, with a total value of $194,242.00. Following the completion of the purchase, the director now directly owns 7,485 shares of the company’s stock, valued at approximately $855,236.10. The disclosure for this purchase can be found here. Insiders sold 157,573 shares of company stock valued at $17,293,454 over the last 90 days. 0.76% of the stock is currently owned by corporate insiders.

JPM has been the subject of a number of recent analyst reports. Zacks Investment Research cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. Barclays reaffirmed a “buy” rating and set a $140.00 target price on shares of JPMorgan Chase & Co. in a research report on Thursday, February 21st. BMO Capital Markets decreased their target price on JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating for the company in a research report on Thursday, February 28th. Morgan Stanley upped their target price on JPMorgan Chase & Co. from $124.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Finally, Credit Suisse Group upped their target price on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $123.85.

Shares of NYSE JPM opened at $110.68 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $354.11 billion, a P/E ratio of 12.30, a PEG ratio of 1.56 and a beta of 1.18. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, April 12th. The financial services provider reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.33. The business had revenue of $29.12 billion during the quarter, compared to analyst estimates of $27.95 billion. JPMorgan Chase & Co. had a return on equity of 14.23% and a net margin of 24.28%. During the same period in the prior year, the company posted $2.37 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post 10.03 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.89%. JPMorgan Chase & Co.’s payout ratio is 35.56%.

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JPMorgan Chase & Co. Company 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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