Deutsche Bank AG Sells 45,556 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Deutsche Bank AG lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the fourth quarter, Holdings Channel reports. The firm owned 12,510,063 shares of the financial services provider’s stock after selling 45,556 shares during the period. JPMorgan Chase & Co. comprises about 1.2% of Deutsche Bank AG’s holdings, making the stock its 9th biggest position. Deutsche Bank AG’s holdings in JPMorgan Chase & Co. were worth $2,998,787,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of JPM. Norges Bank bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $8,310,884,000. Northern Trust Corp boosted its position in JPMorgan Chase & Co. by 15.4% in the fourth quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider’s stock valued at $8,113,147,000 after buying an additional 4,515,147 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 34,259.3% in the 4th quarter. Proficio Capital Partners LLC now owns 3,499,499 shares of the financial services provider’s stock worth $838,865,000 after acquiring an additional 3,489,314 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in JPMorgan Chase & Co. by 31.4% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,684,810 shares of the financial services provider’s stock valued at $2,561,256,000 after purchasing an additional 2,551,899 shares during the last quarter. Finally, APG Asset Management N.V. boosted its stake in JPMorgan Chase & Co. by 457.7% in the fourth quarter. APG Asset Management N.V. now owns 2,725,473 shares of the financial services provider’s stock worth $630,925,000 after purchasing an additional 2,236,740 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Evercore ISI decreased their price target on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. StockNews.com cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday. Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Finally, UBS Group boosted their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus price target of $255.67.

JPMorgan Chase & Co. Trading Up 0.0 %

Shares of NYSE:JPM opened at $249.28 on Thursday. The company’s 50-day moving average price is $238.34 and its two-hundred day moving average price is $245.11. JPMorgan Chase & Co. has a one year low of $190.88 and a one year high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The stock has a market capitalization of $693.75 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.44 earnings per share. On average, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th were given a dividend of $1.40 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a yield of 2.25%. The ex-dividend date was Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is 27.49%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 4,273 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the completion of the sale, the chief operating officer now owns 54,469 shares in the company, valued at approximately $14,698,459.65. This trade represents a 7.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. This represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,188 shares of company stock worth $33,095,363 over the last quarter. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.