Nexus Investment Management Inc. decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 326,875 shares of the financial services provider’s stock after selling 1,175 shares during the period. JPMorgan Chase & Co. makes up 5.2% of Nexus Investment Management Inc.’s holdings, making the stock its 5th largest position. Nexus Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $34,956,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Trust Co increased its position in shares of JPMorgan Chase & Co. by 1.0% in the 3rd quarter. Trust Co now owns 108,716 shares of the financial services provider’s stock valued at $10,384,000 after buying an additional 1,118 shares in the last quarter. Harvest Capital Management Inc bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $207,000. First American Trust FSB increased its position in shares of JPMorgan Chase & Co. by 1.5% in the 4th quarter. First American Trust FSB now owns 91,996 shares of the financial services provider’s stock valued at $9,838,000 after buying an additional 1,342 shares in the last quarter. Patriot Wealth Management Inc. increased its position in shares of JPMorgan Chase & Co. by 1.4% in the 4th quarter. Patriot Wealth Management Inc. now owns 107,133 shares of the financial services provider’s stock valued at $11,457,000 after buying an additional 1,531 shares in the last quarter. Finally, Diversified Portfolios Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $205,000. Institutional investors own 74.47% of the company’s stock.

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JPM stock opened at $114.64 on Wednesday. JPMorgan Chase & Co. has a one year low of $81.64 and a one year high of $119.33. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $393,062.25, a PE ratio of 16.39, a PEG ratio of 1.93 and a beta of 1.18.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The company had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. During the same period in the prior year, the business posted $1.71 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. research analysts anticipate that JPMorgan Chase & Co. will post 8.9 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 6th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.95%. JPMorgan Chase & Co.’s dividend payout ratio is 35.56%.

A number of analysts recently commented on JPM shares. Wells Fargo set a $120.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Wednesday, December 20th. Morgan Stanley upped their price objective on shares of JPMorgan Chase & Co. from $128.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Royal Bank of Canada restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Barclays upped their target price on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Societe Generale lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $111.03.

In other news, insider Peter Scher sold 26,532 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $113.42, for a total transaction of $3,009,259.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ashley Bacon sold 16,434 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the transaction, the insider now owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,047 shares of company stock valued at $17,098,115. Company insiders own 0.88% of the company’s stock.

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JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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