Claris Advisors LLC MO Has $242,000 Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Claris Advisors LLC MO trimmed its stake in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 8.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,312 shares of the financial services provider’s stock after selling 214 shares during the period. Claris Advisors LLC MO’s holdings in JPMorgan Chase & Co. were worth $242,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. HBC Financial Services PLLC boosted its stake in shares of JPMorgan Chase & Co. by 61.2% in the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. Grayhawk Investment Strategies Inc. acquired a new position in JPMorgan Chase & Co. in the second quarter valued at $32,000. Financial Connections Group Inc. boosted its position in JPMorgan Chase & Co. by 48.5% during the second quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 100 shares during the last quarter. Horizons Wealth Management acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $39,000. Finally, New Millennium Group LLC bought a new position in shares of JPMorgan Chase & Co. in the 2nd quarter worth about $39,000. 67.89% of the stock is owned by institutional investors.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Douglas B. Petno sold 5,139 shares of the stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $642,477.78. Following the completion of the sale, the chief executive officer now directly owns 248,011 shares of the company’s stock, valued at $31,006,335.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Douglas B. Petno sold 5,139 shares of the stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $642,477.78. Following the completion of the sale, the chief executive officer now directly owns 248,011 shares of the company’s stock, valued at $31,006,335.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mellody L. Hobson purchased 375 shares of the firm’s stock in a transaction that occurred on Thursday, January 19th. The shares were acquired at an average cost of $134.53 per share, with a total value of $50,448.75. Following the completion of the transaction, the director now directly owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The disclosure for this purchase can be found here. Over the last three months, insiders sold 46,336 shares of company stock valued at $6,372,156. 0.79% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. The Goldman Sachs Group cut their target price on JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, October 4th. UBS Group set a $156.00 target price on JPMorgan Chase & Co. in a research report on Friday, January 13th. Citigroup upped their target price on JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and cut their target price for the company from $155.00 to $145.00 in a research report on Friday, January 6th. Finally, Oppenheimer upped their target price on JPMorgan Chase & Co. from $169.00 to $177.00 and gave the company an “outperform” rating in a research report on Tuesday. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average target price of $147.89.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $135.08 on Friday. The company has a market cap of $396.22 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 2.23 and a beta of 1.13. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $159.03. The business has a 50 day moving average price of $134.60 and a 200-day moving average price of $122.65. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, topping the consensus estimate of $3.14 by $0.43. The firm had revenue of $34.55 billion during the quarter, compared to the consensus estimate of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.33 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post 12.81 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, January 5th. JPMorgan Chase & Co.’s payout ratio is 33.11%.

JPMorgan Chase & Co. Profile

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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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

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

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