Richard P Slaughter Associates Inc Decreases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Richard P Slaughter Associates Inc trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,918 shares of the financial services provider’s stock after selling 671 shares during the period. JPMorgan Chase & Co. comprises 1.2% of Richard P Slaughter Associates Inc’s investment portfolio, making the stock its 18th largest position. Richard P Slaughter Associates Inc’s holdings in JPMorgan Chase & Co. were worth $5,254,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Community Trust NA raised its position in JPMorgan Chase & Co. by 5.6% in the fourth quarter. First Community Trust NA now owns 3,327 shares of the financial services provider’s stock valued at $798,000 after purchasing an additional 176 shares during the period. Meridian Financial Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 0.9% in the fourth quarter. Meridian Financial Partners LLC now owns 9,965 shares of the financial services provider’s stock valued at $2,389,000 after buying an additional 84 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of JPMorgan Chase & Co. by 19.0% during the 4th quarter. Park Avenue Securities LLC now owns 139,906 shares of the financial services provider’s stock valued at $33,537,000 after buying an additional 22,345 shares during the period. Kathmere Capital Management LLC lifted its position in JPMorgan Chase & Co. by 23.3% during the 4th quarter. Kathmere Capital Management LLC now owns 7,553 shares of the financial services provider’s stock worth $1,811,000 after acquiring an additional 1,428 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 8.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 97,908 shares of the financial services provider’s stock worth $23,470,000 after acquiring an additional 7,620 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 0.7 %

JPMorgan Chase & Co. stock opened at $254.15 on Friday. JPMorgan Chase & Co. has a 1 year low of $165.24 and a 1 year high of $257.04. The firm’s 50-day moving average is $242.70 and its 200-day moving average is $223.72. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $715.53 billion, a P/E ratio of 14.14, a PEG ratio of 3.16 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same quarter last year, the company posted $3.04 earnings per share. JPMorgan Chase & Co.’s revenue was up 10.9% on a year-over-year basis. On average, equities analysts expect that JPMorgan Chase & Co. will post 17.46 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.82%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the sale, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price for the company. in a research note on Thursday, November 7th. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Finally, Evercore ISI raised their price objective on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus target price of $251.78.

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, 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.