Ascent Wealth Partners LLC bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 46,755 shares of the financial services provider’s stock, valued at approximately $4,564,000. JPMorgan Chase & Co. accounts for about 1.8% of Ascent Wealth Partners LLC’s holdings, making the stock its 16th biggest holding.

A number of other hedge funds also recently made changes to their positions in JPM. Oregon Public Employees Retirement Fund boosted its stake in JPMorgan Chase & Co. by 5,338.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 39,471,964 shares of the financial services provider’s stock worth $404,000 after buying an additional 38,746,167 shares during the period. Rehmann Capital Advisory Group lifted its position in shares of JPMorgan Chase & Co. by 5,555.9% during the third quarter. Rehmann Capital Advisory Group now owns 2,352,612 shares of the financial services provider’s stock worth $11,266,384,000 after purchasing an additional 2,311,016 shares in the last quarter. Royal London Asset Management Ltd. acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $182,400,000. Bahl & Gaynor Inc. lifted its position in shares of JPMorgan Chase & Co. by 43.2% during the fourth quarter. Bahl & Gaynor Inc. now owns 3,405,117 shares of the financial services provider’s stock worth $332,407,000 after purchasing an additional 1,027,586 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of JPMorgan Chase & Co. by 1.8% during the fourth quarter. Northern Trust Corp now owns 46,678,266 shares of the financial services provider’s stock worth $4,556,732,000 after purchasing an additional 826,697 shares in the last quarter. 71.46% of the stock is owned by institutional investors.

Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $124.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. BMO Capital Markets increased their price target on shares of JPMorgan Chase & Co. from $116.00 to $118.00 and gave the stock a “market perform” rating in a research report on Monday, April 15th. Barclays reissued a “buy” rating and set a $140.00 price target on shares of JPMorgan Chase & Co. in a research report on Thursday, February 21st. Finally, Credit Suisse Group increased their price target on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average target price of $123.85.

In related news, CFO Marianne Lake sold 115,415 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $109.75, for a total value of $12,666,796.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas B. Petno sold 18,303 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $109.74, for a total transaction of $2,008,571.22. Following the completion of the sale, the chief executive officer now directly owns 259,386 shares in the company, valued at approximately $28,465,019.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 157,573 shares of company stock worth $17,293,454. 0.76% of the stock is owned by corporate insiders.

Shares of NYSE:JPM opened at $110.68 on Wednesday. The company has a market capitalization of $354.11 billion, a P/E ratio of 12.30, a PEG ratio of 1.56 and a beta of 1.18. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $119.24. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.00 and a current ratio of 1.00.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.33. The firm had revenue of $29.12 billion for the quarter, compared to analysts’ expectations of $27.95 billion. JPMorgan Chase & Co. had a net margin of 24.28% and a return on equity of 14.23%. During the same quarter last year, the company earned $2.37 earnings per share. As a group, analysts predict that JPMorgan Chase & Co. will post 10.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $3.20 annualized dividend and a yield of 2.89%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 35.56%.

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JPMorgan Chase & Co. Profile

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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