Fulton Bank N.A. Sells 1,503 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Fulton Bank N.A. lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 53,314 shares of the financial services provider’s stock after selling 1,503 shares during the quarter. Fulton Bank N.A.’s holdings in JPMorgan Chase & Co. were worth $12,780,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sterneck Capital Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.8% in the fourth quarter. Sterneck Capital Management LLC now owns 5,299 shares of the financial services provider’s stock worth $1,270,000 after acquiring an additional 93 shares during the period. Innova Wealth Partners bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $422,000. One Wealth Capital Management LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $210,000. Norway Savings Bank grew its stake in JPMorgan Chase & Co. by 0.7% during the fourth quarter. Norway Savings Bank now owns 22,260 shares of the financial services provider’s stock valued at $5,336,000 after acquiring an additional 151 shares in the last quarter. Finally, Rise Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 2.3% in the fourth quarter. Rise Advisors LLC now owns 3,256 shares of the financial services provider’s stock worth $780,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Evercore ISI upped their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 3rd. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research note on Friday, January 3rd. Finally, Citigroup raised their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $245.83.

JPMorgan Chase & Co. Stock Performance

Shares of JPM traded down $0.72 during trading hours on Wednesday, hitting $242.45. The stock had a trading volume of 3,940,020 shares, compared to its average volume of 8,221,588. The firm has a 50-day moving average price of $240.46 and a 200 day moving average price of $221.95. JPMorgan Chase & Co. has a fifty-two week low of $164.30 and a fifty-two week high of $254.31. The firm has a market capitalization of $682.58 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 3.54 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping 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 business had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same period in the prior year, the company posted $4.33 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS 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 issued a $1.25 dividend. 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 currently 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.