Fort Washington Investment Advisors Inc. OH cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 502,118 shares of the financial services provider’s stock after selling 29,649 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in JPMorgan Chase & Co. were worth $67,334,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of JPMorgan Chase & Co. by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock worth $28,480,408,000 after acquiring an additional 2,918,554 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of JPMorgan Chase & Co. by 5.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 21,084,558 shares of the financial services provider’s stock worth $2,203,621,000 after acquiring an additional 1,058,790 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in JPMorgan Chase & Co. by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,607,661 shares of the financial services provider’s stock worth $2,536,598,000 after buying an additional 805,196 shares during the last quarter. Nuveen Asset Management LLC grew its stake in JPMorgan Chase & Co. by 0.7% during the 3rd quarter. Nuveen Asset Management LLC now owns 15,606,783 shares of the financial services provider’s stock worth $1,630,909,000 after buying an additional 102,242 shares during the last quarter. Finally, Boston Partners grew its stake in JPMorgan Chase & Co. by 28.4% during the 3rd quarter. Boston Partners now owns 10,063,918 shares of the financial services provider’s stock worth $1,061,182,000 after buying an additional 2,227,785 shares during the last quarter. 67.89% of the stock is owned by institutional investors.
Insider Activity
In related news, Director Mellody L. Hobson purchased 375 shares of the company’s stock in a transaction dated Thursday, January 19th. The stock was acquired at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the transaction, the director now directly owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.79% of the company’s stock.
Analyst Ratings Changes
JPMorgan Chase & Co. Price Performance
Shares of JPMorgan Chase & Co. stock opened at $139.83 on Tuesday. The business has a 50 day simple moving average of $134.94 and a two-hundred day simple moving average of $131.47. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $144.34. The stock has a market capitalization of $409.91 billion, a P/E ratio of 10.32, a PEG ratio of 2.18 and a beta of 1.10. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its earnings results on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.69. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The business had revenue of $38.35 billion during the quarter, compared to analysts’ expectations of $35.77 billion. During the same quarter in the prior year, the firm earned $2.63 earnings per share. The business’s revenue was up 24.8% compared to the same quarter last year. As a group, analysts predict that JPMorgan Chase & Co. will post 12.73 EPS for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th will be given a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.86%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.
JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co is a financial holding company, which engages in providing 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.
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