JPMorgan Chase & Co. (NYSE:JPM) Stake Lessened by Holderness Investments Co.

Holderness Investments Co. lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.0% during the 1st quarter, HoldingsChannel reports. The fund owned 17,058 shares of the financial services provider’s stock after selling 178 shares during the quarter. Holderness Investments Co.’s holdings in JPMorgan Chase & Co. were worth $1,727,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. TRUE Private Wealth Advisors boosted its position in JPMorgan Chase & Co. by 5.9% in the fourth quarter. TRUE Private Wealth Advisors now owns 22,773 shares of the financial services provider’s stock valued at $2,223,000 after buying an additional 1,269 shares during the last quarter. MinichMacGregor Wealth Management LLC boosted its position in JPMorgan Chase & Co. by 2,115.6% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 35,471 shares of the financial services provider’s stock valued at $3,388,000 after buying an additional 33,870 shares during the last quarter. Meridian Financial Partners LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $237,000. CMH Wealth Management LLC boosted its position in JPMorgan Chase & Co. by 1,066.8% in the fourth quarter. CMH Wealth Management LLC now owns 25,063 shares of the financial services provider’s stock valued at $2,447,000 after buying an additional 22,915 shares during the last quarter. Finally, Curbstone Financial Management Corp boosted its position in JPMorgan Chase & Co. by 1.4% in the fourth quarter. Curbstone Financial Management Corp now owns 25,788 shares of the financial services provider’s stock valued at $2,517,000 after buying an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 71.39% of the company’s stock.

Shares of JPM opened at $109.82 on Monday. JPMorgan Chase & Co. has a 52-week low of $91.11 and a 52-week high of $119.24. The firm has a market capitalization of $356.25 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 1.57 and a beta of 1.18. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.00 and a quick ratio of 1.00.

JPMorgan Chase & Co. (NYSE:JPM) last issued 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. JPMorgan Chase & Co. had a return on equity of 14.23% and a net margin of 24.28%. The business had revenue of $29.12 billion during the quarter, compared to the consensus estimate of $27.95 billion. During the same period last year, the company earned $2.37 EPS. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 10.02 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders 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 of this dividend is Wednesday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.

JPM has been the subject of several recent research reports. Barclays reissued a “buy” rating and issued a $140.00 price objective on shares of JPMorgan Chase & Co. in a research note on Thursday, February 21st. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. BMO Capital Markets reduced their price objective on JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating for the company in a research note on Thursday, February 28th. Credit Suisse Group increased 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. Finally, 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. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. has an average rating of “Hold” and a consensus price target of $123.85.

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 directly owns 23,650 shares of the company’s stock, valued at approximately $2,595,587.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Marianne Lake sold 115,415 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 $12,666,796.25. The disclosure for this sale can be found here. Insiders sold a total of 157,573 shares of company stock valued at $17,293,454 over the last ninety days. Corporate insiders own 0.76% of the company’s stock.

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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.

Further Reading: Derivative

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

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