JPMorgan Chase & Co. (JPM) Stake Lowered by Dalton Greiner Hartman Maher & Co.

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Dalton Greiner Hartman Maher & Co. lessened its position in JPMorgan Chase & Co. (NYSE:JPM) by 83.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,666 shares of the financial services provider’s stock after selling 126,143 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in JPMorgan Chase & Co. were worth $2,506,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Rehmann Capital Advisory Group raised its holdings in shares of JPMorgan Chase & Co. by 5,555.9% in the third quarter. Rehmann Capital Advisory Group now owns 2,352,612 shares of the financial services provider’s stock valued at $11,266,384,000 after buying an additional 2,311,016 shares during the last quarter. Packer & Co Ltd increased its stake in shares of JPMorgan Chase & Co. by 110.0% in the 4th quarter. Packer & Co Ltd now owns 1,239,800 shares of the financial services provider’s stock valued at $57,635,000 after acquiring an additional 649,395 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of JPMorgan Chase & Co. by 748.3% in the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 456,400 shares of the financial services provider’s stock valued at $51,500,000 after acquiring an additional 402,600 shares during the last quarter. Hexavest Inc. increased its stake in shares of JPMorgan Chase & Co. by 55.4% in the 4th quarter. Hexavest Inc. now owns 1,102,513 shares of the financial services provider’s stock valued at $107,627,000 after acquiring an additional 392,853 shares during the last quarter. Finally, Kentucky Retirement Systems bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $18,150,000. Institutional investors own 69.89% of the company’s stock.

A number of analysts have recently commented on the company. Zacks Investment Research cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Morgan Stanley upped their price target on JPMorgan Chase & Co. from $124.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday. BMO Capital Markets upped their price target on JPMorgan Chase & Co. from $116.00 to $118.00 and gave the company a “market perform” rating in a research note on Monday. Barclays reiterated a “buy” rating and issued a $140.00 price objective on shares of JPMorgan Chase & Co. in a research report on Thursday, February 21st. Finally, Atlantic Securities lowered JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report on Wednesday, December 19th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. JPMorgan Chase & Co. currently has an average rating of “Hold” and an average price target of $123.05.

NYSE:JPM opened at $111.10 on Wednesday. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $119.24. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $381.67 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 1.64 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.33. JPMorgan Chase & Co. had a return on equity of 14.23% and a net margin of 24.28%. The firm had revenue of $29.12 billion during the quarter, compared to the consensus estimate of $27.95 billion. During the same quarter in the prior year, the firm posted $2.37 EPS. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 9.68 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 35.56%.

In other JPMorgan Chase & Co. news, CFO Marianne Lake sold 115,415 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $109.75, for a total transaction of $12,666,796.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter Scher sold 18,679 shares of the company’s stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $105.00, for a total value of $1,961,295.00. Following the transaction, the insider now directly owns 23,471 shares of the company’s stock, valued at approximately $2,464,455. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 190,933 shares of company stock valued at $20,796,254. Insiders own 0.73% of the company’s stock.

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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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