Westpac Banking Corp lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 311,710 shares of the financial services provider's stock after selling 11,648 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.6% of Westpac Banking Corp's holdings, making the stock its 22nd biggest position. Westpac Banking Corp's holdings in JPMorgan Chase & Co. were worth $41,800,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in JPM. Cantor Fitzgerald Investment Advisor L.P lifted its holdings in shares of JPMorgan Chase & Co. by 81.1% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider's stock valued at $30,321,000 after acquiring an additional 99,636 shares during the last quarter. BCK Partners Inc. bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $2,455,000. LSV Asset Management lifted its holdings in shares of JPMorgan Chase & Co. by 35.6% in the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider's stock valued at $5,085,000 after acquiring an additional 9,800 shares during the last quarter. Wsfs Capital Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 70.8% in the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider's stock valued at $575,000 after acquiring an additional 1,749 shares during the last quarter. Finally, Lumature Wealth Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1,451.4% in the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider's stock valued at $514,000 after acquiring an additional 3,527 shares during the last quarter. Institutional investors own 67.89% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on JPM shares. Royal Bank of Canada lowered their price target on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an "outperform" rating for the company in a report on Friday, March 24th. Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $131.00 to $155.00 and gave the stock a "market perform" rating in a research report on Monday, April 17th. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, March 16th. They issued a "hold" rating on the stock. Evercore ISI reduced their price objective on shares of JPMorgan Chase & Co. from $157.00 to $146.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 5th. Finally, BMO Capital Markets increased their price objective on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a research report on Tuesday. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and an average price target of $155.00.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $135.98 on Thursday. The firm has a market cap of $398.62 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 1.98 and a beta of 1.10. The company's 50 day moving average is $134.24 and its 200 day moving average is $134.20. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 1.07. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $144.34.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.69. The company had revenue of $38.35 billion for the quarter, compared to analyst estimates of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. JPMorgan Chase & Co.'s revenue was up 24.8% compared to the same quarter last year. During the same period last year, the company posted $2.63 earnings per share. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 14 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, April 30th. Investors of record on Thursday, April 6th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Wednesday, April 5th. JPMorgan Chase & Co.'s payout ratio is 29.52%.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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