Emprise Bank Trims Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Emprise Bank lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,506 shares of the financial services provider’s stock after selling 632 shares during the quarter. JPMorgan Chase & Co. makes up 1.3% of Emprise Bank’s portfolio, making the stock its 15th biggest holding. Emprise Bank’s holdings in JPMorgan Chase & Co. were worth $2,279,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Compton Wealth Advisory Group LLC grew its holdings in JPMorgan Chase & Co. by 1.6% during the 4th quarter. Compton Wealth Advisory Group LLC now owns 29,918 shares of the financial services provider’s stock valued at $7,172,000 after buying an additional 472 shares in the last quarter. Kieckhefer Group LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $50,000. ACT Advisors LLC. bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $246,000. Fiduciary Alliance LLC lifted its stake in shares of JPMorgan Chase & Co. by 27.2% in the 4th quarter. Fiduciary Alliance LLC now owns 141,701 shares of the financial services provider’s stock valued at $33,967,000 after purchasing an additional 30,293 shares during the last quarter. Finally, Winthrop Advisory Group LLC lifted its stake in shares of JPMorgan Chase & Co. by 6.6% in the 4th quarter. Winthrop Advisory Group LLC now owns 18,259 shares of the financial services provider’s stock valued at $4,377,000 after purchasing an additional 1,124 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM traded up $2.56 during trading hours on Monday, hitting $242.43. 3,722,420 shares of the company were exchanged, compared to its average volume of 8,542,677. The stock has a market capitalization of $682.52 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a 52-week low of $164.30 and a 52-week high of $254.31. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The company’s 50 day moving average price is $241.59 and its 200-day moving average price is $222.88.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.02 by $0.35. The company had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. JPMorgan Chase & Co.’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.33 EPS. As a group, research analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.06%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 27.82%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on JPM shares. Daiwa Capital Markets lowered their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Citigroup raised their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods raised their price target on JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 3rd. Finally, Barclays raised their price target on JPMorgan Chase & Co. from $257.00 to $304.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Hold” and an average target price of $245.83.

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.