Culbertson A N & Co. Inc. Has $21.23 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Culbertson A N & Co. Inc. lessened its holdings in JPMorgan Chase & Co. (NYSE:JPMFree Report) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,821 shares of the financial services provider’s stock after selling 435 shares during the quarter. JPMorgan Chase & Co. accounts for 3.9% of Culbertson A N & Co. Inc.’s investment portfolio, making the stock its 4th largest position. Culbertson A N & Co. Inc.’s holdings in JPMorgan Chase & Co. were worth $21,232,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of JPM. Moneta Group Investment Advisors LLC grew its stake in JPMorgan Chase & Co. by 105,652.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after purchasing an additional 97,907,897 shares during the period. Norges Bank bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at $3,894,646,000. Morgan Stanley grew its stake in JPMorgan Chase & Co. by 15.9% in the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after purchasing an additional 8,088,433 shares during the period. Wellington Management Group LLP grew its stake in JPMorgan Chase & Co. by 12.2% in the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after purchasing an additional 4,603,090 shares during the period. Finally, Barclays PLC grew its stake in JPMorgan Chase & Co. by 51.6% in the 2nd quarter. Barclays PLC now owns 8,422,975 shares of the financial services provider’s stock valued at $1,225,037,000 after purchasing an additional 2,868,091 shares during the period. Institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

JPM has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price objective for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $192.00 to $194.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 16th. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Bank of America increased their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. Finally, Barclays increased their price target on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $181.63.

Read Our Latest Report on JPM

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 6,030 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the transaction, the general counsel now directly owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the sale, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Stacey Friedman sold 6,030 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the completion of the sale, the general counsel now owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The disclosure for this sale can be found here. Insiders have sold a total of 849,303 shares of company stock valued at $155,107,447 in the last 90 days. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $198.86 on Wednesday. The business’s 50-day moving average price is $184.05 and its two-hundred day moving average price is $164.86. JPMorgan Chase & Co. has a twelve month low of $126.22 and a twelve month high of $200.94. The stock has a market cap of $572.79 billion, a P/E ratio of 12.26, a PEG ratio of 2.54 and a beta of 1.15. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.73 by ($0.69). JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The business had revenue of $38.57 billion during the quarter, compared to analysts’ expectations of $39.73 billion. During the same period in the previous year, the business earned $3.57 EPS. The business’s revenue was up 11.7% on a year-over-year basis. As a group, equities analysts predict that JPMorgan Chase & Co. will post 15.75 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $4.60 annualized dividend and a dividend yield of 2.31%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.89%.

JPMorgan Chase & Co. Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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