JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,290 shares of the financial services provider’s stock after purchasing an additional 1,429 shares during the period. JPMorgan Chase & Co. accounts for about 0.6% of Harbor Capital Advisors Inc.’s portfolio, making the stock its 21st largest holding. Harbor Capital Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $14,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in JPM. ST Germain D J Co. Inc. increased its holdings in shares of JPMorgan Chase & Co. by 0.7% during the 4th quarter. ST Germain D J Co. Inc. now owns 192,444 shares of the financial services provider’s stock worth $46,131,000 after buying an additional 1,282 shares during the last quarter. Baker Tilly Wealth Management LLC grew its position in JPMorgan Chase & Co. by 4.2% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 11,285 shares of the financial services provider’s stock worth $2,705,000 after acquiring an additional 459 shares during the period. Fortitude Family Office LLC increased its stake in JPMorgan Chase & Co. by 15.5% during the fourth quarter. Fortitude Family Office LLC now owns 12,004 shares of the financial services provider’s stock worth $2,877,000 after acquiring an additional 1,615 shares during the last quarter. Legacy Private Trust Co. raised its position in JPMorgan Chase & Co. by 3.2% in the fourth quarter. Legacy Private Trust Co. now owns 72,206 shares of the financial services provider’s stock valued at $17,308,000 after purchasing an additional 2,249 shares during the period. Finally, First Hawaiian Bank lifted its stake in shares of JPMorgan Chase & Co. by 1.0% in the 4th quarter. First Hawaiian Bank now owns 47,964 shares of the financial services provider’s stock valued at $11,497,000 after purchasing an additional 460 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada lifted their price target on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Daiwa Capital Markets dropped their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $220.00 to $224.00 in a research note on Monday, September 30th. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Finally, Barclays raised their target price on JPMorgan Chase & Co. from $257.00 to $304.00 and gave the company an “overweight” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average target price of $245.83.

JPMorgan Chase & Co. Price Performance

Shares of JPM traded down $4.24 during midday trading on Friday, reaching $238.89. The stock had a trading volume of 4,269,856 shares, compared to its average volume of 8,353,781. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $672.56 billion, a P/E ratio of 13.29, a P/E/G ratio of 3.54 and a beta of 1.11. The firm’s 50 day moving average price is $241.25 and its 200-day moving average price is $222.25. JPMorgan Chase & Co. has a 52 week low of $164.30 and a 52 week high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. The company had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.33 earnings per share. On average, analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be issued a dividend of $1.25 per share. The ex-dividend date is Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 2.09%. JPMorgan Chase & Co.’s dividend payout ratio is 27.82%.

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.