Horseman Capital Management Ltd Has $1.75 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Horseman Capital Management Ltd decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 74.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 17,900 shares of the financial services provider’s stock after selling 53,300 shares during the period. JPMorgan Chase & Co. comprises 0.6% of Horseman Capital Management Ltd’s portfolio, making the stock its 25th biggest position. Horseman Capital Management Ltd’s holdings in JPMorgan Chase & Co. were worth $1,747,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group grew its holdings in JPMorgan Chase & Co. by 5,555.9% in the 3rd quarter. Rehmann Capital Advisory Group now owns 2,352,612 shares of the financial services provider’s stock valued at $11,266,384,000 after buying an additional 2,311,016 shares in the last quarter. Royal London Asset Management Ltd. bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth $182,400,000. Packer & Co Ltd lifted its position in shares of JPMorgan Chase & Co. by 110.0% during the 4th quarter. Packer & Co Ltd now owns 1,239,800 shares of the financial services provider’s stock worth $57,635,000 after buying an additional 649,395 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in JPMorgan Chase & Co. by 748.3% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 456,400 shares of the financial services provider’s stock valued at $51,500,000 after purchasing an additional 402,600 shares during the last quarter. Finally, Hexavest Inc. raised its position in JPMorgan Chase & Co. by 55.4% in the fourth quarter. Hexavest Inc. now owns 1,102,513 shares of the financial services provider’s stock valued at $107,627,000 after purchasing an additional 392,853 shares during the last quarter. Hedge funds and other institutional investors own 71.46% of the company’s stock.

In other JPMorgan Chase & Co. news, CFO Marianne Lake sold 115,415 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $109.75, for a total transaction of $12,666,796.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mellody L. Hobson purchased 1,700 shares of the stock in a transaction on Thursday, April 18th. The shares were acquired at an average cost of $114.26 per share, with a total value of $194,242.00. Following the transaction, the director now directly owns 7,485 shares in the company, valued at $855,236.10. The disclosure for this purchase can be found here. In the last three months, insiders sold 157,573 shares of company stock valued at $17,293,454. 0.76% of the stock is currently owned by corporate insiders.

Shares of NYSE JPM traded up $0.28 during mid-day trading on Friday, hitting $109.82. The company had a trading volume of 8,772,017 shares, compared to its average volume of 12,631,922. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $119.24. 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 $354.47 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.33. JPMorgan Chase & Co. had a return on equity of 14.23% and a net margin of 24.28%. The firm had revenue of $29.12 billion during the quarter, compared to analyst estimates of $27.95 billion. During the same quarter in the previous year, the company posted $2.37 earnings per share. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 10.02 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Wednesday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. BMO Capital Markets raised their target price on JPMorgan Chase & Co. from $116.00 to $118.00 and gave the stock a “market perform” rating in a research note on Monday, April 15th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $130.00 target price (up previously from $121.00) on shares of JPMorgan Chase & Co. in a research note on Thursday, February 14th. HSBC set a $102.00 price objective on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Thursday, April 4th. Finally, Credit Suisse Group raised their price objective on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. JPMorgan Chase & Co. has an average rating of “Hold” and a consensus price target of $123.85.

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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 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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