Kings Path Partners LLC Trims Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Kings Path Partners LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 87.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 311 shares of the financial services provider’s stock after selling 2,093 shares during the quarter. Kings Path Partners LLC’s holdings in JPMorgan Chase & Co. were worth $75,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Eagle Capital Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock valued at $4,423,000 after buying an additional 84 shares during the last quarter. Van ECK Associates Corp purchased a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $636,000. Consilium Wealth Advisory LLC increased its holdings in shares of JPMorgan Chase & Co. by 14.1% in the second quarter. Consilium Wealth Advisory LLC now owns 14,982 shares of the financial services provider’s stock valued at $3,030,000 after purchasing an additional 1,851 shares during the period. Resonant Capital Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 10.4% during the second quarter. Resonant Capital Advisors LLC now owns 32,348 shares of the financial services provider’s stock worth $6,543,000 after purchasing an additional 3,044 shares during the last quarter. Finally, Guidance Capital Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 2.5% during the second quarter. Guidance Capital Inc. now owns 7,854 shares of the financial services provider’s stock worth $1,671,000 after purchasing an additional 190 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on JPM. Robert W. Baird cut shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective on the stock. in a research note on Thursday, November 7th. Royal Bank of Canada increased their price target on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Barclays boosted their target price on JPMorgan Chase & Co. from $257.00 to $304.00 and gave the stock an “overweight” rating in a research report on Monday. Citigroup raised their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Finally, Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $242.81.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded up $0.61 during trading on Monday, reaching $242.64. The company had a trading volume of 5,265,750 shares, compared to its average volume of 7,899,760. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a twelve month low of $164.30 and a twelve month high of $254.31. The stock has a 50-day moving average price of $239.74 and a two-hundred day moving average price of $221.33. The stock has a market capitalization of $683.11 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11.

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

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 27.82%.

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.