Fifth Third Bancorp Has $388.26 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Fifth Third Bancorp trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,282,565 shares of the financial services provider’s stock after selling 10,890 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.7% of Fifth Third Bancorp’s investment portfolio, making the stock its 9th largest holding. Fifth Third Bancorp’s holdings in JPMorgan Chase & Co. were worth $388,264,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Mirador Capital Partners LP raised its holdings in shares of JPMorgan Chase & Co. by 0.9% in 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 in the last quarter. Strategic Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.0% in the fourth quarter. Strategic Advisors LLC now owns 44,359 shares of the financial services provider’s stock valued at $7,546,000 after acquiring an additional 445 shares in the last quarter. PFG Advisors raised its holdings in JPMorgan Chase & Co. by 4.9% in the fourth quarter. PFG Advisors now owns 37,537 shares of the financial services provider’s stock worth $6,385,000 after purchasing an additional 1,759 shares in the last quarter. Mainsail Financial Group LLC raised its holdings in JPMorgan Chase & Co. by 10.4% in the fourth quarter. Mainsail Financial Group LLC now owns 4,667 shares of the financial services provider’s stock worth $780,000 after purchasing an additional 440 shares in the last quarter. Finally, Worth Financial Advisory Group LLC raised its holdings in JPMorgan Chase & Co. by 1.6% in the fourth quarter. Worth Financial Advisory Group LLC now owns 17,505 shares of the financial services provider’s stock worth $2,978,000 after purchasing an additional 281 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Down 0.3 %

NYSE JPM opened at $198.29 on Thursday. The business has a fifty day moving average price of $185.21 and a 200 day moving average price of $165.45. JPMorgan Chase & Co. has a one year low of $126.22 and a one year high of $200.94. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $571.15 billion, a P/E ratio of 12.23, a P/E/G ratio of 2.53 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.69). The firm had revenue of $38.57 billion during the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $3.57 earnings per share. Research analysts anticipate that JPMorgan Chase & Co. will post 15.75 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced 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. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 2.32%. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.89%.

Wall Street Analyst Weigh In

JPM has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. Morgan Stanley boosted their target price on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. BMO Capital Markets boosted 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. Finally, Barclays boosted 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $181.63.

Get Our Latest Stock Analysis on JPMorgan Chase & Co.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Vice Chairman Peter Scher sold 1,812 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total transaction of $301,969.80. Following the completion of the transaction, the insider now directly owns 46,766 shares in the company, valued at approximately $7,793,553.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Ashley Bacon sold 3,368 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total transaction of $561,546.64. Following the completion of the transaction, the insider now directly owns 205,461 shares in the company, valued at approximately $34,256,512.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Peter Scher sold 1,812 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total value of $301,969.80. Following the transaction, the insider now owns 46,766 shares of the company’s stock, valued at $7,793,553.90. The disclosure for this sale can be found here. Insiders sold a total of 849,303 shares of company stock worth $155,107,447 in the last three months. 0.79% of the stock is owned by corporate insiders.

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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