JPMorgan Chase & Co. (JPM) Shares Sold by Empirical Finance LLC

Empirical Finance LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,179 shares of the financial services provider’s stock after selling 618 shares during the period. Empirical Finance LLC’s holdings in JPMorgan Chase & Co. were worth $603,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in JPM. Contravisory Investment Management Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 188.3% in the fourth quarter. Contravisory Investment Management Inc. now owns 542 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 354 shares in the last quarter. Bogart Wealth LLC lifted its holdings in shares of JPMorgan Chase & Co. by 19.0% in the fourth quarter. Bogart Wealth LLC now owns 625 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 100 shares in the last quarter. Arlington Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 126.6% in the third quarter. Arlington Partners LLC now owns 895 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 500 shares in the last quarter. QV Investors Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 9.1% in the fourth quarter. QV Investors Inc. now owns 1,315 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 110 shares in the last quarter. Finally, Rocky Mountain Advisers LLC lifted its holdings in shares of JPMorgan Chase & Co. by 143.4% in the fourth quarter. Rocky Mountain Advisers LLC now owns 1,358 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 800 shares in the last quarter. 69.89% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CFO Marianne Lake sold 115,415 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $109.75, for a total transaction of $12,666,796.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter Scher sold 18,679 shares of the company’s stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $105.00, for a total transaction of $1,961,295.00. Following the transaction, the insider now directly owns 23,471 shares of the company’s stock, valued at approximately $2,464,455. The disclosure for this sale can be found here. In the last three months, insiders bought 24,700 shares of company stock valued at $2,711,552 and sold 190,933 shares valued at $20,796,254. Insiders own 0.76% of the company’s stock.

NYSE:JPM opened at $113.46 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $389.39 billion, a PE ratio of 12.61, a PEG ratio of 1.62 and a beta of 1.11. 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 posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.33. The business had revenue of $29.12 billion during 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 quarter in the previous year, the business posted $2.37 earnings per share. Research analysts anticipate that JPMorgan Chase & Co. will post 10 earnings per share for the current fiscal year.

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

Several analysts have issued reports on the stock. Barclays upped their price target on shares of JPMorgan Chase & Co. from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, January 2nd. Daiwa Capital Markets downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Friday, February 8th. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Morgan Stanley reduced their price target on shares of JPMorgan Chase & Co. from $131.00 to $124.00 and set an “overweight” rating on the stock in a report on Tuesday, January 8th. Finally, BMO Capital Markets upped their price target on shares of JPMorgan Chase & Co. from $116.00 to $118.00 and gave the company a “market perform” rating in a report on Monday, April 15th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. JPMorgan Chase & Co. currently has an average rating of “Hold” and an average price target of $123.05.

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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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