Sivia Capital Partners LLC Sells 178 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Sivia Capital Partners LLC reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,716 shares of the financial services provider’s stock after selling 178 shares during the quarter. JPMorgan Chase & Co. comprises 0.8% of Sivia Capital Partners LLC’s investment portfolio, making the stock its 20th largest position. Sivia Capital Partners LLC’s holdings in JPMorgan Chase & Co. were worth $1,610,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Eagle Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 0.4% during 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 purchasing an additional 84 shares in the last quarter. Fiera Capital Corp boosted its position in shares of JPMorgan Chase & Co. by 1.7% during the second quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock valued at $756,000 after purchasing an additional 63 shares in the last quarter. Andra AP fonden boosted its position in shares of JPMorgan Chase & Co. by 82.2% during the second quarter. Andra AP fonden now owns 270,000 shares of the financial services provider’s stock valued at $54,610,000 after purchasing an additional 121,800 shares in the last quarter. Hutchinson Capital Management CA boosted its position in shares of JPMorgan Chase & Co. by 143.5% during the second quarter. Hutchinson Capital Management CA now owns 5,089 shares of the financial services provider’s stock valued at $1,029,000 after purchasing an additional 2,999 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of JPMorgan Chase & Co. by 13.5% during the second quarter. Daiwa Securities Group Inc. now owns 420,057 shares of the financial services provider’s stock valued at $84,961,000 after purchasing an additional 49,937 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on JPM. Evercore ISI lifted their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a research note on Thursday, November 7th. Daiwa Capital Markets lowered their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Finally, Bank of America lifted their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $245.83.

JPMorgan Chase & Co. Stock Up 1.8 %

JPMorgan Chase & Co. stock opened at $244.25 on Tuesday. The stock has a market cap of $687.65 billion, a PE ratio of 13.59, a price-to-earnings-growth 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. has a one year low of $164.30 and a one year high of $254.31. The stock has a fifty day moving average of $242.08 and a 200 day moving average of $223.20.

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

JPMorgan Chase & Co. Announces Dividend

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 given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.

JPMorgan Chase & Co. Company Profile

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.