International Assets Investment Management LLC Sells 35,910 Shares of JPMorgan Chase & Co. (NYSE:JPM)

International Assets Investment Management LLC decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 61.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,176 shares of the financial services provider’s stock after selling 35,910 shares during the period. JPMorgan Chase & Co. comprises about 0.6% of International Assets Investment Management LLC’s investment portfolio, making the stock its 25th biggest holding. International Assets Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $3,512,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Capital World Investors grew its holdings in shares of JPMorgan Chase & Co. by 3.9% in the third quarter. Capital World Investors now owns 74,302,154 shares of the financial services provider’s stock worth $12,162,752,000 after acquiring an additional 2,764,341 shares during the period. National Bank of Canada FI purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at $298,028,000. Franklin Resources Inc. lifted its position in JPMorgan Chase & Co. by 13.4% during the third quarter. Franklin Resources Inc. now owns 15,516,265 shares of the financial services provider’s stock valued at $2,539,859,000 after purchasing an additional 1,827,675 shares in the last quarter. Altshuler Shaham Ltd lifted its position in JPMorgan Chase & Co. by 4,144,969.8% during the third quarter. Altshuler Shaham Ltd now owns 1,782,380 shares of the financial services provider’s stock valued at $329,233,000 after purchasing an additional 1,782,337 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at $277,382,000. 70.35% of the stock is owned by institutional investors and hedge funds.

NYSE JPM traded up $1.05 during trading hours on Friday, hitting $119.09. 10,443,203 shares of the company were exchanged, compared to its average volume of 14,563,485. The stock has a 50-day moving average price of $130.58 and a 200 day moving average price of $148.15. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.16. JPMorgan Chase & Co. has a 52 week low of $115.37 and a 52 week high of $172.96. The stock has a market cap of $349.77 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 2.12 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings data on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share for the quarter, missing the consensus estimate of $2.73 by ($0.10). JPMorgan Chase & Co. had a return on equity of 16.58% and a net margin of 33.61%. The company had revenue of $30.72 billion for the quarter, compared to the consensus estimate of $30.53 billion. During the same period in the previous year, the firm earned $4.50 earnings per share. The company’s revenue was down 4.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 11.14 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, April 30th. Stockholders of record on Wednesday, April 6th were paid a dividend of $1.00 per share. The ex-dividend date was Tuesday, April 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.36%. JPMorgan Chase & Co.’s dividend payout ratio is 29.67%.

Several research firms recently weighed in on JPM. Credit Suisse Group set a $184.00 target price on JPMorgan Chase & Co. in a research report on Thursday, April 14th. Royal Bank of Canada set a $175.00 target price on JPMorgan Chase & Co. and gave the company an “outperform” rating in a research report on Thursday, April 14th. UBS Group set a $197.00 target price on JPMorgan Chase & Co. in a research report on Wednesday, March 2nd. Wells Fargo & Company lowered their price objective on JPMorgan Chase & Co. from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Monday, April 4th. Finally, Berenberg Bank set a $120.00 price objective on JPMorgan Chase & Co. in a research report on Tuesday, April 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $163.00.

In related news, CEO Jennifer Piepszak sold 4,668 shares of the stock in a transaction that occurred on Thursday, April 14th. The stock was sold at an average price of $126.19, for a total value of $589,054.92. Following the transaction, the chief executive officer now owns 11,135 shares of the company’s stock, valued at $1,405,125.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 21,012 shares of the stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of $130.04, for a total value of $2,732,400.48. Following the completion of the transaction, the insider now directly owns 178,588 shares in the company, valued at approximately $23,223,583.52. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co. (Get Rating)

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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

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

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