Cidel Asset Management Inc. Sells 80 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Cidel Asset Management Inc. decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,243 shares of the financial services provider’s stock after selling 80 shares during the quarter. Cidel Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $760,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Macroview Investment Management LLC boosted its position in JPMorgan Chase & Co. by 7,833.3% during the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 235 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in JPMorgan Chase & Co. during the third quarter valued at $40,000. FSC Wealth Advisors LLC boosted its position in JPMorgan Chase & Co. by 290.9% during the third quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 288 shares during the last quarter. Legacy Financial Group LLC bought a new stake in JPMorgan Chase & Co. during the third quarter valued at $58,000. Finally, Robbins Farley boosted its position in JPMorgan Chase & Co. by 29.5% during the third quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 68.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Oppenheimer increased their price objective on shares of JPMorgan Chase & Co. from $232.00 to $238.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price objective for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. Finally, Bank of America increased their price objective on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $179.11.

View Our Latest Report on JPMorgan Chase & Co.

Insider Activity

In other news, insider Ashley Bacon sold 3,368 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total transaction of $561,546.64. Following the completion of the transaction, the insider now directly owns 205,461 shares of the company’s stock, valued at approximately $34,256,512.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Ashley Bacon sold 3,368 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total transaction of $561,546.64. Following the completion of the transaction, the insider now directly owns 205,461 shares of the company’s stock, valued at approximately $34,256,512.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marianne Lake sold 32,243 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $160.00, for a total transaction of $5,158,880.00. Following the completion of the transaction, the chief executive officer now directly owns 131,962 shares of the company’s stock, valued at $21,113,920. The disclosure for this sale can be found here. Insiders sold 39,072 shares of company stock valued at $6,297,103 in the last three months. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.3 %

NYSE:JPM opened at $175.00 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.90 and a current ratio of 0.91. The firm has a market cap of $503.42 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14. JPMorgan Chase & Co. has a 52 week low of $123.11 and a 52 week high of $178.30. The firm has a 50-day moving average price of $167.49 and a two-hundred day moving average price of $154.91.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.69). JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The firm had revenue of $38.57 billion during the quarter, compared to analysts’ expectations of $39.73 billion. During the same quarter last year, the business posted $3.57 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities analysts expect that JPMorgan Chase & Co. will post 15.85 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Thursday, January 4th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.89%.

JPMorgan Chase & Co. Profile

(Free Report)

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, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.

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

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