Hancock Whitney Corp Has $45.73 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Hancock Whitney Corp decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 9.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 226,098 shares of the financial services provider’s stock after selling 22,283 shares during the period. JPMorgan Chase & Co. accounts for 1.6% of Hancock Whitney Corp’s portfolio, making the stock its 11th largest position. Hancock Whitney Corp’s holdings in JPMorgan Chase & Co. were worth $45,731,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. boosted its position in shares of JPMorgan Chase & Co. by 1.5% in the 4th quarter. Gilbert & Cook Inc. now owns 11,360 shares of the financial services provider’s stock worth $1,932,000 after purchasing an additional 164 shares during the last quarter. Aveo Capital Partners LLC grew its position in shares of JPMorgan Chase & Co. by 13.0% during the 4th quarter. Aveo Capital Partners LLC now owns 5,151 shares of the financial services provider’s stock worth $876,000 after buying an additional 591 shares during the period. Gryphon Financial Partners LLC increased its stake in shares of JPMorgan Chase & Co. by 66.9% in the 4th quarter. Gryphon Financial Partners LLC now owns 25,004 shares of the financial services provider’s stock valued at $4,238,000 after acquiring an additional 10,025 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its position in shares of JPMorgan Chase & Co. by 3.5% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 137,461 shares of the financial services provider’s stock valued at $23,382,000 after acquiring an additional 4,694 shares during the period. Finally, Douglass Winthrop Advisors LLC boosted its stake in JPMorgan Chase & Co. by 8.1% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 43,340 shares of the financial services provider’s stock worth $7,372,000 after acquiring an additional 3,231 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

JPM opened at $211.70 on Wednesday. The business’s 50-day simple moving average is $211.60 and its 200 day simple moving average is $202.14. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $225.48. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $607.92 billion, a PE ratio of 11.81, a PEG ratio of 2.33 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. The company had revenue of $50.80 billion for the quarter, compared to analysts’ expectations of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same quarter in the prior year, the business posted $4.37 EPS. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.36%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.89%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Keefe, Bruyette & Woods boosted their target price on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Tuesday, July 9th. Wolfe Research downgraded JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Finally, Citigroup lifted their price objective on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $211.06.

About JPMorgan Chase & Co.

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.