First Fiduciary Investment Counsel Inc. lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 232,806 shares of the financial services provider’s stock after buying an additional 22,840 shares during the period. JPMorgan Chase & Co. makes up about 4.6% of First Fiduciary Investment Counsel Inc.’s holdings, making the stock its 3rd largest holding. First Fiduciary Investment Counsel Inc.’s holdings in JPMorgan Chase & Co. were worth $22,727,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of JPM. TRUE Private Wealth Advisors lifted its stake in JPMorgan Chase & Co. by 5.9% in the 4th quarter. TRUE Private Wealth Advisors now owns 22,773 shares of the financial services provider’s stock valued at $2,223,000 after purchasing an additional 1,269 shares during the last quarter. MinichMacGregor Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 2,115.6% in the 4th quarter. MinichMacGregor Wealth Management LLC now owns 35,471 shares of the financial services provider’s stock valued at $3,388,000 after purchasing an additional 33,870 shares during the last quarter. Meridian Financial Partners LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $237,000. CMH Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 1,066.8% in the 4th quarter. CMH Wealth Management LLC now owns 25,063 shares of the financial services provider’s stock valued at $2,447,000 after purchasing an additional 22,915 shares during the last quarter. Finally, Curbstone Financial Management Corp lifted its stake in JPMorgan Chase & Co. by 1.4% in the 4th quarter. Curbstone Financial Management Corp now owns 25,788 shares of the financial services provider’s stock valued at $2,517,000 after purchasing an additional 350 shares during the last quarter. Institutional investors own 67.53% of the company’s stock.

Several equities research analysts recently issued reports on JPM shares. Barclays reiterated a “buy” rating and issued a $140.00 target price on shares of JPMorgan Chase & Co. in a research note on Thursday, February 21st. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. Daiwa Capital Markets downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Friday, February 8th. Wells Fargo & Co reiterated an “outperform” rating and issued a $130.00 target price (up from $121.00) on shares of JPMorgan Chase & Co. in a research note on Thursday, February 14th. Finally, BMO Capital Markets cut their target price on shares of JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating for the company in a research note on Thursday, February 28th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $123.85.

Shares of JPM opened at $105.96 on Monday. JPMorgan Chase & Co. has a 12 month low of $91.11 and a 12 month high of $119.24. The company has a market cap of $343.73 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.51 and a beta of 1.18. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 12th. The financial services provider reported $2.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.33. The company 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 period last year, the firm earned $2.37 earnings per share. As a group, equities analysts predict that JPMorgan Chase & Co. will post 10.03 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $3.20 dividend on an annualized basis and a yield of 3.02%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 35.56%.

In other news, Director Mellody L. Hobson acquired 1,700 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were acquired at an average cost of $114.26 per share, with a total value of $194,242.00. Following the completion of the purchase, the director now directly owns 7,485 shares of the company’s stock, valued at approximately $855,236.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas B. Petno sold 18,303 shares of JPMorgan Chase & Co. 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 transaction, the chief executive officer now directly owns 259,386 shares in the company, valued at $28,465,019.64. The disclosure for this sale can be found here. Insiders sold 157,573 shares of company stock worth $17,293,454 over the last three months. 0.76% of the stock is currently owned by insiders.

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JPMorgan Chase & Co. Company 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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