JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by American Economic Planning Group Inc. ADV

American Economic Planning Group Inc. ADV reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,423 shares of the financial services provider’s stock after selling 238 shares during the quarter. JPMorgan Chase & Co. comprises 0.4% of American Economic Planning Group Inc. ADV’s investment portfolio, making the stock its 24th biggest holding. American Economic Planning Group Inc. ADV’s holdings in JPMorgan Chase & Co. were worth $1,213,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of JPM. Staley Capital Advisers Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 1.2% during the 2nd quarter. Staley Capital Advisers Inc. now owns 459,078 shares of the financial services provider’s stock valued at $47,836,000 after acquiring an additional 5,492 shares during the last quarter. Price Wealth Management Inc. lifted its position in shares of JPMorgan Chase & Co. by 6.1% during the second quarter. Price Wealth Management Inc. now owns 9,636 shares of the financial services provider’s stock worth $1,004,000 after purchasing an additional 556 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. raised its holdings in shares of JPMorgan Chase & Co. by 2.7% in the second quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 89,915 shares of the financial services provider’s stock valued at $9,369,000 after acquiring an additional 2,331 shares in the last quarter. 10 15 Associates Inc. raised its holdings in shares of JPMorgan Chase & Co. by 6.1% in the second quarter. 10 15 Associates Inc. now owns 151,127 shares of the financial services provider’s stock valued at $15,747,000 after acquiring an additional 8,639 shares in the last quarter. Finally, Gradient Investments LLC raised its holdings in shares of JPMorgan Chase & Co. by 4.4% in the second quarter. Gradient Investments LLC now owns 80,433 shares of the financial services provider’s stock valued at $8,381,000 after acquiring an additional 3,385 shares in the last quarter. 69.89% of the stock is owned by institutional investors and hedge funds.

Several analysts recently weighed in on JPM shares. Barclays lifted their price objective on JPMorgan Chase & Co. from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, January 2nd. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Monday, April 8th. BMO Capital Markets decreased their price objective on JPMorgan Chase & Co. from $124.00 to $123.00 and set a “market perform” rating for the company in a report on Wednesday, January 16th. Morgan Stanley reduced their target price on shares of JPMorgan Chase & Co. from $131.00 to $124.00 and set an “overweight” rating for the company in a report on Tuesday, January 8th. Finally, Jefferies Financial Group downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 target price for the company. in a report on Tuesday, January 8th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $123.05.

In other news, Director Mellody L. Hobson bought 1,700 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were purchased at an average price of $114.26 per share, for a total transaction of $194,242.00. Following the completion of the transaction, the director now directly owns 7,485 shares in the company, valued at $855,236.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Stacey Friedman sold 3,022 shares of the company’s stock in a transaction that occurred on Tuesday, January 29th. The shares were sold at an average price of $105.00, for a total value of $317,310.00. Following the completion of the sale, the general counsel now owns 12,519 shares in the company, valued at approximately $1,314,495. The disclosure for this sale can be found here. In the last quarter, insiders purchased 24,700 shares of company stock worth $2,711,552 and sold 190,933 shares worth $20,796,254. 0.76% of the stock is owned by corporate insiders.

NYSE JPM traded down $0.84 during trading hours on Friday, reaching $113.46. The stock had a trading volume of 12,501,949 shares, compared to its average volume of 14,556,579. The firm has a market cap of $389.39 billion, a P/E ratio of 12.61, a P/E/G ratio of 1.62 and a beta of 1.11. JPMorgan Chase & Co. has a 52-week low of $91.11 and a 52-week high of $119.24. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, April 12th. The financial services provider reported $2.65 EPS for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.33. The firm had revenue of $29.12 billion for the quarter, compared to analyst estimates of $27.95 billion. JPMorgan Chase & Co. had a return on equity of 14.23% and a net margin of 24.28%. During the same quarter in the prior year, the firm earned $2.37 earnings per share. As a group, research analysts expect that JPMorgan Chase & Co. will post 10 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be given a $0.80 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $3.20 dividend on an annualized basis and a yield of 2.82%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.

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JPMorgan Chase & Co. 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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