Wesbanco Bank Inc. Has $30.57 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Wesbanco Bank Inc. lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 313,136 shares of the financial services provider’s stock after selling 296 shares during the period. JPMorgan Chase & Co. makes up about 1.8% of Wesbanco Bank Inc.’s portfolio, making the stock its 7th largest position. Wesbanco Bank Inc.’s holdings in JPMorgan Chase & Co. were worth $30,569,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Contravisory Investment Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 188.3% during the fourth quarter. Contravisory Investment Management Inc. now owns 542 shares of the financial services provider’s stock worth $53,000 after buying an additional 354 shares in the last quarter. Bogart Wealth LLC grew its holdings in shares of JPMorgan Chase & Co. by 19.0% during the fourth quarter. Bogart Wealth LLC now owns 625 shares of the financial services provider’s stock worth $61,000 after buying an additional 100 shares in the last quarter. D Orazio & Associates Inc. grew its holdings in shares of JPMorgan Chase & Co. by 62.6% during the fourth quarter. D Orazio & Associates Inc. now owns 779 shares of the financial services provider’s stock worth $76,000 after buying an additional 300 shares in the last quarter. QV Investors Inc. grew its holdings in shares of JPMorgan Chase & Co. by 9.1% during the fourth quarter. QV Investors Inc. now owns 1,315 shares of the financial services provider’s stock worth $128,000 after buying an additional 110 shares in the last quarter. Finally, Rocky Mountain Advisers LLC grew its holdings in shares of JPMorgan Chase & Co. by 143.4% during the fourth quarter. Rocky Mountain Advisers LLC now owns 1,358 shares of the financial services provider’s stock worth $133,000 after buying an additional 800 shares in the last quarter. 71.39% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on JPM shares. Zacks Investment Research lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Monday, April 8th. BMO Capital Markets dropped their price objective on shares of JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating for the company in a report on Thursday, February 28th. Credit Suisse Group upped their price objective on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, April 15th. HSBC set a $102.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a report on Thursday, April 4th. Finally, Morgan Stanley upped their price objective on shares of JPMorgan Chase & Co. from $124.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $123.85.

JPMorgan Chase & Co. stock traded up $0.72 during mid-day trading on Wednesday, hitting $108.48. The company had a trading volume of 9,996,206 shares, compared to its average volume of 12,746,241. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $352.72 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 1.55 and a beta of 1.18. The business has a fifty day moving average of $109.86. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.33. The business had revenue of $29.12 billion for the quarter, compared to analyst estimates of $27.95 billion. JPMorgan Chase & Co. had a net margin of 24.28% and a return on equity of 14.23%. During the same period last year, the firm posted $2.37 earnings per share. As a group, equities analysts expect that JPMorgan Chase & Co. will post 10.03 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.95%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,710 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $109.75, for a total value of $407,172.50. Following the completion of the sale, the general counsel now owns 23,650 shares of the company’s stock, valued at $2,595,587.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ashley Bacon sold 20,145 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $109.75, for a total value of $2,210,913.75. Following the completion of the sale, the insider now directly owns 112,191 shares of the company’s stock, valued at approximately $12,312,962.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 157,573 shares of company stock worth $17,293,454. 0.76% of the stock is currently owned by insiders.

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.

Further Reading: What is a Special Dividend?

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

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