Hilltop National Bank Lowers Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Hilltop National Bank lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,752 shares of the financial services provider’s stock after selling 194 shares during the quarter. Hilltop National Bank’s holdings in JPMorgan Chase & Co. were worth $2,577,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. ST Germain D J Co. Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 0.7% during the 4th quarter. ST Germain D J Co. Inc. now owns 192,444 shares of the financial services provider’s stock valued at $46,131,000 after acquiring an additional 1,282 shares in the last quarter. Baker Tilly Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. by 4.2% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 11,285 shares of the financial services provider’s stock valued at $2,705,000 after buying an additional 459 shares in the last quarter. Fortitude Family Office LLC raised its holdings in shares of JPMorgan Chase & Co. by 15.5% during the 4th quarter. Fortitude Family Office LLC now owns 12,004 shares of the financial services provider’s stock valued at $2,877,000 after buying an additional 1,615 shares during the period. Legacy Private Trust Co. raised its holdings in shares of JPMorgan Chase & Co. by 3.2% during the 4th quarter. Legacy Private Trust Co. now owns 72,206 shares of the financial services provider’s stock valued at $17,308,000 after buying an additional 2,249 shares during the period. Finally, First Hawaiian Bank lifted its position in JPMorgan Chase & Co. by 1.0% during the 4th quarter. First Hawaiian Bank now owns 47,964 shares of the financial services provider’s stock worth $11,497,000 after acquiring an additional 460 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM traded down $3.73 during mid-day trading on Friday, hitting $239.40. The company had a trading volume of 3,858,107 shares, compared to its average volume of 8,283,640. JPMorgan Chase & Co. has a 12 month low of $164.30 and a 12 month high of $254.31. The stock has a market cap of $673.99 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 3.54 and a beta of 1.11. 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 firm’s 50 day simple moving average is $241.25 and its two-hundred day simple moving average is $222.25.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.02 by $0.35. The business had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.33 earnings per share. As a group, equities 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 declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be issued a dividend of $1.25 per share. The ex-dividend date is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.09%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Barclays raised their target price on JPMorgan Chase & Co. from $257.00 to $304.00 and gave the company an “overweight” rating in a research note on Monday. Bank of America boosted their price target on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus 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.