Zimmermann Investment Management & Planning LLC Sells 4,933 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Zimmermann Investment Management & Planning LLC decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 71.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,949 shares of the financial services provider’s stock after selling 4,933 shares during the period. Zimmermann Investment Management & Planning LLC’s holdings in JPMorgan Chase & Co. were worth $204,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Grayhawk Investment Strategies Inc. bought a new position in JPMorgan Chase & Co. in the second quarter valued at about $32,000. HBC Financial Services PLLC grew its position in JPMorgan Chase & Co. by 61.2% in the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 90 shares during the last quarter. Financial Connections Group Inc. grew its position in JPMorgan Chase & Co. by 48.5% in 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 bought a new position in JPMorgan Chase & Co. in the second quarter valued at about $39,000. Finally, New Millennium Group LLC bought a new position in JPMorgan Chase & Co. in the second quarter valued at about $39,000. Institutional investors own 67.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on JPM shares. Barclays lifted their target price on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. Morgan Stanley lifted their price target on JPMorgan Chase & Co. from $153.00 to $167.00 and gave the company an “overweight” rating in a research note on Tuesday, January 17th. Deutsche Bank Aktiengesellschaft lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and cut their price target for the company from $155.00 to $145.00 in a research note on Friday, January 6th. StockNews.com started coverage on JPMorgan Chase & Co. in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, BMO Capital Markets lifted their price target on JPMorgan Chase & Co. from $149.00 to $158.00 and gave the company a “market perform” rating in a research note on Monday, October 17th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price of $147.89.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 5,139 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $642,477.78. Following the transaction, 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 legal filing with the SEC, which is available through this link. In other news, insider Robin Leopold sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.07, for a total transaction of $250,140.00. Following the completion of the sale, the insider now owns 19,031 shares in the company, valued at $2,380,207.17. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas B. Petno sold 5,139 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $31,006,335.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,336 shares of company stock valued at $6,372,156. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $135.08 on Friday. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $159.03. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. The business’s 50 day moving average price is $134.60 and its two-hundred day moving average price is $122.72. The firm 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. (NYSE:JPMGet Rating) last issued its quarterly earnings results 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. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The firm had revenue of $34.55 billion for the quarter, compared to analyst estimates of $34.23 billion. During the same period in the previous year, the firm earned $3.33 earnings per share. The company’s revenue was up 18.1% compared to the same quarter last year. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 12.81 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

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

Further Reading

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

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