Parkside Financial Bank & Trust Sells 596 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Parkside Financial Bank & Trust decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,626 shares of the financial services provider’s stock after selling 596 shares during the period. Parkside Financial Bank & Trust’s holdings in JPMorgan Chase & Co. were worth $1,737,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Karpas Strategies LLC increased its position in shares of JPMorgan Chase & Co. by 0.4% during the third quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock worth $2,251,000 after acquiring an additional 80 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. increased its position in shares of JPMorgan Chase & Co. by 3.3% during the second quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,685 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 85 shares in the last quarter. Keb Asset Management LLC increased its position in shares of JPMorgan Chase & Co. by 2.5% during the third quarter. Keb Asset Management LLC now owns 3,485 shares of the financial services provider’s stock worth $364,000 after acquiring an additional 85 shares in the last quarter. Royal Capital Wealth Management LLC boosted its stake in JPMorgan Chase & Co. by 0.4% in the second quarter. Royal Capital Wealth Management LLC now owns 19,759 shares of the financial services provider’s stock valued at $2,225,000 after acquiring an additional 87 shares during the last quarter. Finally, Altus Wealth Group LLC boosted its stake in JPMorgan Chase & Co. by 1.4% in the second quarter. Altus Wealth Group LLC now owns 6,281 shares of the financial services provider’s stock valued at $1,028,000 after acquiring an additional 88 shares during the last quarter. Institutional investors own 67.89% of the company’s stock.

Insider Activity

In related news, General Counsel Stacey Friedman sold 23,148 shares of the business’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total value of $3,247,895.88. Following the sale, the general counsel now owns 48,311 shares in the company, valued at $6,778,516.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Douglas B. Petno sold 5,139 shares of the business’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total value of $642,477.78. Following the sale, the chief executive officer now owns 248,011 shares in the company, valued at $31,006,335.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 23,148 shares of the stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the completion of the sale, the general counsel now directly owns 48,311 shares in the company, valued at approximately $6,778,516.41. The disclosure for this sale can be found here. Insiders have sold a total of 46,336 shares of company stock worth $6,372,156 over the last quarter. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on JPM shares. Morgan Stanley upped their target price on shares of JPMorgan Chase & Co. from $153.00 to $167.00 and gave the stock an “overweight” rating in a report on Tuesday, January 17th. Credit Suisse Group set a $155.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, January 17th. Royal Bank of Canada set a $130.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, January 13th. Deutsche Bank Aktiengesellschaft cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and cut their price objective for the company from $155.00 to $145.00 in a research note on Friday, January 6th. Finally, BMO Capital Markets raised their target price on shares of JPMorgan Chase & Co. from $149.00 to $158.00 and gave the stock a “market perform” rating in a research report on Monday, October 17th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.89.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $135.08 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $159.03. The company has a market capitalization of $396.22 billion, a P/E ratio of 11.18, a P/E/G ratio of 2.23 and a beta of 1.13. The firm’s 50 day simple moving average is $134.60 and its two-hundred day simple moving average is $122.72.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.46. The firm had revenue of $34.55 billion for the quarter, compared to analysts’ expectations of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.33 earnings per share. Research analysts expect that JPMorgan Chase & Co. will post 12.81 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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

JPMorgan Chase & Co. Company 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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