Moody National Bank Trust Division Has $7.83 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Moody National Bank Trust Division decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.9% in the fourth quarter, HoldingsChannel reports. The firm owned 32,669 shares of the financial services provider’s stock after selling 1,701 shares during the period. JPMorgan Chase & Co. accounts for about 0.8% of Moody National Bank Trust Division’s investment portfolio, making the stock its 20th biggest holding. Moody National Bank Trust Division’s holdings in JPMorgan Chase & Co. were worth $7,831,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. Mizuho Securities Co. Ltd. bought a new position in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $27,000. Fairway Wealth LLC bought a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $32,000. West Financial Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter worth $37,000. Finally, New England Capital Financial Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 38.5% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 50 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 1.4 %

JPMorgan Chase & Co. stock traded up $3.24 during midday trading on Monday, hitting $243.11. 5,502,962 shares of the stock were exchanged, compared to its average volume of 8,816,399. The stock has a market capitalization of $684.44 billion, a PE ratio of 13.53, a P/E/G ratio of 3.54 and a beta of 1.11. The company has a fifty day simple moving average of $241.59 and a two-hundred day simple moving average of $222.88. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a 52 week low of $164.30 and a 52 week high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. During the same period last year, the firm posted $4.33 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a $1.25 dividend. The ex-dividend date is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 2.06%. JPMorgan Chase & Co.’s payout ratio is 27.82%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Bank of America upped their target price 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. Barclays upped their price objective on JPMorgan Chase & Co. from $257.00 to $304.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Daiwa Capital Markets decreased their price target on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Robert W. Baird lowered 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. Finally, Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a “market perform” rating in a research note on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus price target 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.