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

Kings Path Partners LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 87.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 hedge funds and other institutional investors have also recently modified their holdings of JPM. Capital Market Strategies LLC increased its position in shares of JPMorgan Chase & Co. by 2.6% during the fourth quarter. Capital Market Strategies LLC now owns 2,220 shares of the financial services provider’s stock valued at $532,000 after acquiring an additional 57 shares during the last quarter. Neville Rodie & Shaw Inc. boosted its position in shares of JPMorgan Chase & Co. by 3.1% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 141,181 shares of the financial services provider’s stock worth $33,842,000 after purchasing an additional 4,181 shares during the period. CWA Asset Management Group LLC increased its holdings in JPMorgan Chase & Co. by 11.9% in the 4th quarter. CWA Asset Management Group LLC now owns 107,146 shares of the financial services provider’s stock valued at $25,684,000 after purchasing an additional 11,398 shares during the last quarter. Pensionfund Sabic raised its position in JPMorgan Chase & Co. by 152.4% in the fourth quarter. Pensionfund Sabic now owns 26,500 shares of the financial services provider’s stock valued at $6,352,000 after purchasing an additional 16,000 shares during the period. Finally, Nordea Investment Management AB lifted its stake in JPMorgan Chase & Co. by 14.5% during the fourth quarter. Nordea Investment Management AB now owns 3,062,925 shares of the financial services provider’s stock worth $735,041,000 after purchasing an additional 388,126 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 0.3 %

Shares of JPM traded up $0.61 during mid-day trading on Monday, reaching $242.64. The company’s stock had a trading volume of 5,265,750 shares, compared to its average volume of 7,899,760. The company’s 50 day moving average is $239.74 and its 200 day moving average is $221.33. The stock has a market cap 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. has a 12-month low of $164.30 and a 12-month 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.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. During the same quarter last year, the company earned $4.33 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business 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 $1.25 dividend. The ex-dividend date is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 2.06%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.82%.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of research reports. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price for the company in a research report on Friday. Keefe, Bruyette & Woods increased 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. Wells Fargo & Company lifted their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Morgan Stanley lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $242.81.

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.