JPMorgan Chase & Co. (NYSE:JPM) Position Lifted by National Pension Service

National Pension Service increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,606,253 shares of the financial services provider’s stock after acquiring an additional 19,015 shares during the quarter. JPMorgan Chase & Co. makes up about 1.4% of National Pension Service’s portfolio, making the stock its 8th biggest holding. National Pension Service owned approximately 0.11% of JPMorgan Chase & Co. worth $502,712,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital World Investors grew its holdings in shares of JPMorgan Chase & Co. by 1.9% in the fourth quarter. Capital World Investors now owns 82,845,612 shares of the financial services provider’s stock valued at $11,548,674,000 after purchasing an additional 1,531,579 shares in the last quarter. FMR LLC boosted its position in JPMorgan Chase & Co. by 0.4% in the 4th quarter. FMR LLC now owns 55,512,219 shares of the financial services provider’s stock valued at $7,738,402,000 after buying an additional 202,379 shares during the period. Geode Capital Management LLC boosted its position in JPMorgan Chase & Co. by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 44,411,768 shares of the financial services provider’s stock valued at $6,178,292,000 after buying an additional 595,401 shares during the period. Capital Research Global Investors boosted its position in JPMorgan Chase & Co. by 7.4% in the 4th quarter. Capital Research Global Investors now owns 27,661,131 shares of the financial services provider’s stock valued at $3,855,962,000 after buying an additional 1,895,932 shares during the period. Finally, Capital International Investors grew its stake in shares of JPMorgan Chase & Co. by 3.9% in the fourth quarter. Capital International Investors now owns 27,366,319 shares of the financial services provider’s stock worth $3,814,863,000 after acquiring an additional 1,029,205 shares in the last quarter. 73.93% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on JPM shares. Citigroup reduced their price objective on JPMorgan Chase & Co. from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday. DA Davidson assumed coverage on JPMorgan Chase & Co. in a research report on Wednesday, January 8th. They issued a “neutral” rating and a $140.00 price target on the stock. Morgan Stanley decreased their price objective on JPMorgan Chase & Co. from $133.00 to $109.00 and set an “overweight” rating for the company in a research note on Friday. ValuEngine downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Edward Jones restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $126.41.

In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 62,085 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $131.94, for a total transaction of $8,191,494.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Daniel E. Pinto sold 15,212 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $135.72, for a total transaction of $2,064,572.64. Following the transaction, the chief executive officer now directly owns 458,209 shares in the company, valued at $62,188,125.48. The disclosure for this sale can be found here. Insiders sold a total of 128,814 shares of company stock worth $17,318,144 over the last ninety days. Corporate insiders own 0.76% of the company’s stock.

Shares of NYSE JPM traded down $6.99 during mid-day trading on Friday, reaching $91.13. The company had a trading volume of 30,013,649 shares, compared to its average volume of 19,634,904. The firm has a 50 day simple moving average of $115.38 and a two-hundred day simple moving average of $125.44. JPMorgan Chase & Co. has a 52-week low of $76.91 and a 52-week high of $141.10. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. The stock has a market cap of $281.98 billion, a P/E ratio of 8.50, a PEG ratio of 1.74 and a beta of 1.19.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.25. The business had revenue of $28.30 billion during the quarter, compared to the consensus estimate of $27.69 billion. JPMorgan Chase & Co. had a return on equity of 15.19% and a net margin of 25.49%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.98 EPS. On average, equities analysts expect that JPMorgan Chase & Co. will post 10.57 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Monday, April 6th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Friday, April 3rd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.95%. JPMorgan Chase & Co.’s payout ratio is 34.35%.

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 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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