JPMorgan Chase & Co. (JPM) is Webster Bank N. A.’s 7th Largest Position

Webster Bank N. A. lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,812 shares of the financial services provider’s stock after selling 1,061 shares during the period. JPMorgan Chase & Co. comprises 2.1% of Webster Bank N. A.’s investment portfolio, making the stock its 7th biggest holding. Webster Bank N. A.’s holdings in JPMorgan Chase & Co. were worth $13,258,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of JPM. Arlington Partners LLC grew its position in shares of JPMorgan Chase & Co. by 126.6% during the 3rd quarter. Arlington Partners LLC now owns 895 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 500 shares during the period. Investment Partners LTD. grew its position in shares of JPMorgan Chase & Co. by 12.5% during the 3rd quarter. Investment Partners LTD. now owns 21,950 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 2,436 shares during the period. O Brien Wealth Partners LLC grew its position in shares of JPMorgan Chase & Co. by 1,120.9% during the 3rd quarter. O Brien Wealth Partners LLC now owns 1,111 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 1,020 shares during the period. Kwmg LLC bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at approximately $158,000. Finally, Cahaba Wealth Management Inc. bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at approximately $200,000. Institutional investors own 69.88% of the company’s stock.

NYSE:JPM traded down $1.27 during trading hours on Monday, hitting $109.94. The stock had a trading volume of 14,881,536 shares, compared to its average volume of 13,872,982. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.00 and a quick ratio of 1.00. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $119.24. The company has a market cap of $381.67 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 1.65 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $2.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.33. JPMorgan Chase & Co. had a net margin of 24.71% and a return on equity of 14.07%. The firm had revenue of $29.12 billion during the quarter, compared to the consensus estimate of $27.95 billion. During the same period last year, the firm earned $2.37 EPS. Equities research analysts expect that JPMorgan Chase & Co. will post 9.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is 35.56%.

A number of research analysts have recently weighed in on JPM shares. Barclays reissued a “buy” rating and set a $140.00 target price on shares of JPMorgan Chase & Co. in a research report on Thursday, February 21st. Wells Fargo & Co reissued a “buy jpm” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, December 20th. ValuEngine raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a report on Monday, December 31st. Finally, Jefferies Financial Group downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 price objective for the company. in a report on Tuesday, January 8th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus target price of $123.05.

In other news, insider Ashley Bacon sold 5,831 shares of the firm’s stock in a transaction on Wednesday, January 16th. The shares were sold at an average price of $102.78, for a total transaction of $599,310.18. Following the sale, the insider now owns 98,838 shares in the company, valued at approximately $10,158,569.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James S. Crown acquired 5,000 shares of the stock in a transaction dated Tuesday, February 5th. The shares were bought at an average price of $103.79 per share, for a total transaction of $518,950.00. Following the transaction, the director now owns 311,447 shares in the company, valued at approximately $32,325,084.13. The disclosure for this purchase can be found here. Over the last three months, insiders sold 39,191 shares of company stock valued at $4,102,110. Insiders own 0.73% of the company’s stock.

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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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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