Bellecapital International continued to hold its position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,717 shares of the financial services provider’s stock at the end of the fourth quarter. Bellecapital International’s holdings in JPMorgan Chase & Co. were worth $311,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of JPM. Renaissance Investment Group bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $200,000. Beacon Financial Group bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $211,000. Founders Capital Management boosted its position in shares of JPMorgan Chase & Co. by 0.6% in the fourth quarter. Founders Capital Management now owns 3,787 shares of the financial services provider’s stock worth $250,000 after buying an additional 22 shares during the period. Fox Run Management bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $264,000. Finally, Benjamin F. Edwards & Company boosted its position in shares of JPMorgan Chase & Co. by 12.2% in the fourth quarter. Benjamin F. Edwards & Company now owns 4,147 shares of the financial services provider’s stock worth $274,000 after buying an additional 451 shares during the period.

JPMorgan Chase & Co. (NYSE:JPM) opened at 55.66 on Tuesday. The firm has a market cap of $204.51 billion and a price-to-earnings ratio of 9.28. The company’s 50 day moving average is $62.65 and its 200 day moving average is $64.51. JPMorgan Chase & Co. has a 12-month low of $50.07 and a 12-month high of $70.61.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Thursday, January 14th. The financial services provider reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. The business earned $23.70 billion during the quarter, compared to the consensus estimate of $22.89 billion. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 earnings per share. On average, equities analysts anticipate that JPMorgan Chase & Co. will post $6.10 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, January 31st. Investors of record on Wednesday, January 6th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Monday, January 4th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.16%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.30.

A number of research analysts have recently weighed in on the stock. Evercore ISI reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, December 30th. Vetr cut shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “buy” rating and set a $68.04 price objective for the company. in a research note on Thursday, October 1st. Oppenheimer reissued a “market perform” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, October 15th. Independent Research GmbH set a $69.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Monday, January 18th. Finally, Argus dropped their price objective on shares of JPMorgan Chase & Co. from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, January 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $72.23.

In related news, insider Ashley Bacon sold 4,979 shares of the business’s stock in a transaction that occurred on Friday, January 15th. The shares were sold at an average price of $56.81, for a total value of $282,856.99. Following the sale, the insider now directly owns 23,902 shares in the company, valued at approximately $1,357,872.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary E. Erdoes sold 49,349 shares of the business’s stock in a transaction that occurred on Wednesday, January 20th. The stock was sold at an average price of $55.27, for a total transaction of $2,727,519.23. Following the completion of the sale, the director now owns 265,539 shares in the company, valued at $14,676,340.53. The disclosure for this sale can be found here.

JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chase’s activities are organized into four business segments. The Company’s Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through ATMs, online, mobile and telephone banking. The Corporate & Investment Bank, comprising Banking and Markets & Investor Services, offers investment banking, market-making, prime brokerage, and treasury and securities products and services. The Commercial Banking (NYSE:JPM) segment delivers industry knowledge, local expertise and service to the United States and the United States multinational clients. The Asset Management segment comprises investment and wealth management. The Company also operates a Corporate segment.

12 Month Chart for NYSE:JPM

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