JPMorgan Chase & Co. (NYSE:JPM) is Old Port Advisors’ 9th Largest Position

Old Port Advisors trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 27,815 shares of the financial services provider’s stock after selling 311 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.7% of Old Port Advisors’ holdings, making the stock its 9th largest holding. Old Port Advisors’ holdings in JPMorgan Chase & Co. were worth $5,571,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. PFG Advisors grew its position in shares of JPMorgan Chase & Co. by 4.9% in the fourth quarter. PFG Advisors now owns 37,537 shares of the financial services provider’s stock valued at $6,385,000 after purchasing an additional 1,759 shares during the period. Strategic Advisors LLC increased its stake in JPMorgan Chase & Co. by 1.0% during the 4th quarter. Strategic Advisors LLC now owns 44,359 shares of the financial services provider’s stock worth $7,546,000 after buying an additional 445 shares in the last quarter. Mirador Capital Partners LP raised its holdings in shares of JPMorgan Chase & Co. by 0.9% during the fourth quarter. Mirador Capital Partners LP now owns 51,276 shares of the financial services provider’s stock valued at $8,722,000 after acquiring an additional 475 shares during the last quarter. Wells Trecaso Financial Group LLC lifted its position in shares of JPMorgan Chase & Co. by 0.3% in the fourth quarter. Wells Trecaso Financial Group LLC now owns 64,544 shares of the financial services provider’s stock valued at $10,979,000 after acquiring an additional 164 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 2.8% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 7,561 shares of the financial services provider’s stock worth $1,301,000 after acquiring an additional 203 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $211.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Citigroup boosted their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Robert W. Baird upped their price objective on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Evercore ISI raised their target price on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $205.71.

JPMorgan Chase & Co. Trading Down 4.2 %

NYSE:JPM traded down $8.82 during trading hours on Friday, reaching $199.14. 18,041,676 shares of the stock were exchanged, compared to its average volume of 9,240,251. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $217.56. The business has a 50-day moving average of $203.48 and a two-hundred day moving average of $193.14. The company has a market capitalization of $571.86 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 2.42 and a beta of 1.12. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The company had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period last year, the business posted $4.37 EPS. On average, equities analysts predict that JPMorgan Chase & Co. will post 16.78 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were issued a dividend of $1.15 per share. The ex-dividend date was Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.31%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.66%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the transaction, the insider now directly owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Elena A. Korablina sold 21,829 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the transaction, the insider now owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the sale, the insider now directly owns 217,351 shares of the company’s stock, valued at $42,087,847.64. The disclosure for this sale can be found here. Insiders sold 72,343 shares of company stock valued at $14,137,789 in the last 90 days. Company insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.