City Holding Co. Decreases Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

City Holding Co. decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,547 shares of the financial services provider’s stock after selling 2,681 shares during the period. JPMorgan Chase & Co. comprises approximately 1.4% of City Holding Co.’s holdings, making the stock its 11th biggest holding. City Holding Co.’s holdings in JPMorgan Chase & Co. were worth $10,199,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Eagle Capital Management LLC grew its position in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock worth $4,423,000 after buying an additional 84 shares in the last quarter. Fiera Capital Corp grew its holdings in JPMorgan Chase & Co. by 1.7% during the 2nd quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock worth $756,000 after acquiring an additional 63 shares in the last quarter. Beck Bode LLC acquired a new position in JPMorgan Chase & Co. during the 2nd quarter worth $12,648,000. Kiely Wealth Advisory Group Inc. raised its stake in shares of JPMorgan Chase & Co. by 5.6% in the 2nd quarter. Kiely Wealth Advisory Group Inc. now owns 2,179 shares of the financial services provider’s stock valued at $445,000 after purchasing an additional 116 shares in the last quarter. Finally, Capstone Triton Financial Group LLC raised its stake in shares of JPMorgan Chase & Co. by 4.0% in the 2nd quarter. Capstone Triton Financial Group LLC now owns 4,937 shares of the financial services provider’s stock valued at $999,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $263.02 on Thursday. JPMorgan Chase & Co. has a 12-month low of $168.44 and a 12-month high of $264.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The firm has a market capitalization of $740.48 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 2.81 and a beta of 1.11. The business has a 50 day simple moving average of $244.37 and a 200 day simple moving average of $225.29.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. During the same period last year, the company earned $3.04 earnings per share. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 17.65 EPS 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. Shareholders of record on Monday, January 6th will be given a dividend of $1.25 per share. The ex-dividend date is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.90%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.33%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on JPM shares. Wells Fargo & Company boosted their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Evercore ISI lifted their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Citigroup increased their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Finally, 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average target price of $251.78.

Insider Transactions at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.79% of the company’s stock.

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.