Wharton Business Group LLC Decreases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Wharton Business Group LLC lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 215,835 shares of the financial services provider’s stock after selling 2,920 shares during the period. JPMorgan Chase & Co. accounts for approximately 2.3% of Wharton Business Group LLC’s portfolio, making the stock its 14th biggest holding. Wharton Business Group LLC’s holdings in JPMorgan Chase & Co. were worth $51,738,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. RPG Investment Advisory LLC lifted its holdings in JPMorgan Chase & Co. by 0.3% in the 4th quarter. RPG Investment Advisory LLC now owns 43,960 shares of the financial services provider’s stock valued at $10,538,000 after purchasing an additional 139 shares in the last quarter. Asset Advisors Investment Management LLC lifted its holdings in JPMorgan Chase & Co. by 2.1% in the 4th quarter. Asset Advisors Investment Management LLC now owns 7,615 shares of the financial services provider’s stock valued at $1,825,000 after purchasing an additional 158 shares in the last quarter. Mainstay Capital Management LLC ADV lifted its holdings in JPMorgan Chase & Co. by 3.8% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 11,448 shares of the financial services provider’s stock valued at $2,744,000 after purchasing an additional 415 shares in the last quarter. Midwest Capital Advisors LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter valued at $43,000. Finally, Colonial River Investments LLC raised its holdings in shares of JPMorgan Chase & Co. by 3.6% during the 4th quarter. Colonial River Investments LLC now owns 14,354 shares of the financial services provider’s stock worth $3,441,000 after acquiring an additional 502 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the transaction, the chief executive officer now directly owns 158,381 shares of the company’s stock, valued at $42,737,529.04. The trade was a 19.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the transaction, the insider now directly owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,326 shares of company stock valued at $12,448,445 in the last three months. 0.79% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on JPM shares. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a report on Friday, January 3rd. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a report on Thursday, January 16th. Citigroup lifted their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. UBS Group lifted their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $251.78.

JPMorgan Chase & Co. Stock Up 0.5 %

Shares of JPM opened at $251.55 on Thursday. The firm has a market cap of $703.35 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 2.83 and a beta of 1.12. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The company’s 50-day moving average price is $259.33 and its 200 day moving average price is $238.02. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.04 EPS. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.99%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.