JPMorgan Chase & Co. (JPM) Shares Sold by Dividend Assets Capital LLC

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Dividend Assets Capital LLC trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 17.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,254 shares of the financial services provider’s stock after selling 4,416 shares during the period. Dividend Assets Capital LLC’s holdings in JPMorgan Chase & Co. were worth $2,285,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arlington Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 126.6% during the 3rd quarter. Arlington Partners LLC now owns 895 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 500 shares during the period. O Brien Wealth Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1,120.9% during the 3rd quarter. O Brien Wealth Partners LLC now owns 1,111 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 1,020 shares during the period. Quad Cities Investment Group LLC bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $124,000. Kwmg LLC bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $158,000. Finally, Cahaba Wealth Management Inc. bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $200,000. Institutional investors own 71.27% of the company’s stock.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,831 shares of the business’s stock in a transaction dated Wednesday, January 16th. The shares were sold at an average price of $102.78, for a total value of $599,310.18. Following the completion of the transaction, the insider now directly owns 98,838 shares of the company’s stock, valued at $10,158,569.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Peter Scher sold 18,679 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 23,471 shares of the company’s stock, valued at $2,464,455. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,191 shares of company stock valued at $4,102,110. Insiders own 0.73% of the company’s stock.

A number of research firms have recently commented on JPM. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Wells Fargo & Co reaffirmed an “outperform” rating and set a $130.00 price objective (up from $121.00) on shares of JPMorgan Chase & Co. in a report on Thursday, February 14th. Finally, ValuEngine downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Thursday, December 6th. Twelve analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $122.94.

Shares of JPM stock opened at $105.55 on Tuesday. JPMorgan Chase & Co. has a 12-month low of $91.11 and a 12-month high of $119.33. The stock has a market cap of $362.24 billion, a P/E ratio of 11.73, a PEG ratio of 1.56 and a beta of 1.11. The company has a quick ratio of 1.01, a current ratio of 1.00 and a debt-to-equity ratio of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, January 15th. The financial services provider reported $1.98 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.20 by ($0.22). JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. The company had revenue of $26.10 billion during the quarter, compared to the consensus estimate of $26.69 billion. During the same period in the prior year, the firm posted $1.76 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. On average, equities research analysts expect that JPMorgan Chase & Co. will post 9.94 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Friday, January 4th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Thursday, January 3rd. JPMorgan Chase & Co.’s dividend payout ratio is presently 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, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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