JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Bristol John W & Co. Inc. NY

Bristol John W & Co. Inc. NY decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,036,767 shares of the financial services provider’s stock after selling 8,881 shares during the period. JPMorgan Chase & Co. makes up 3.0% of Bristol John W & Co. Inc. NY’s holdings, making the stock its 9th biggest position. Bristol John W & Co. Inc. NY’s holdings in JPMorgan Chase & Co. were worth $150,352,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in JPM. JSF Financial LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.6% during the second quarter. JSF Financial LLC now owns 10,680 shares of the financial services provider’s stock valued at $1,553,000 after acquiring an additional 65 shares in the last quarter. Red Wave Investments LLC boosted its position in shares of JPMorgan Chase & Co. by 1.4% during the second quarter. Red Wave Investments LLC now owns 4,719 shares of the financial services provider’s stock valued at $686,000 after buying an additional 65 shares during the last quarter. Riverview Capital Advisers LLC boosted its position in shares of JPMorgan Chase & Co. by 4.2% during the second quarter. Riverview Capital Advisers LLC now owns 1,654 shares of the financial services provider’s stock valued at $241,000 after buying an additional 66 shares during the last quarter. Carmel Capital Partners LLC boosted its position in shares of JPMorgan Chase & Co. by 2.8% during the second quarter. Carmel Capital Partners LLC now owns 2,434 shares of the financial services provider’s stock valued at $354,000 after buying an additional 67 shares during the last quarter. Finally, Orca Investment Management LLC boosted its position in shares of JPMorgan Chase & Co. by 0.8% during the second quarter. Orca Investment Management LLC now owns 8,294 shares of the financial services provider’s stock valued at $1,206,000 after buying an additional 68 shares during the last quarter. Institutional investors own 68.94% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Morgan Stanley lifted their target price on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Jefferies Financial Group dropped their price target on JPMorgan Chase & Co. from $176.00 to $169.00 in a research report on Tuesday, October 10th. Bank of America upped their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, January 4th. Oppenheimer upped their price target on JPMorgan Chase & Co. from $232.00 to $238.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Finally, BMO Capital Markets upped their price target on JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a research report on Tuesday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $179.11.

Check Out Our Latest Stock Report on JPMorgan Chase & Co.

Insider Activity

In other news, CEO Marianne Lake sold 32,243 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 131,962 shares in the company, valued at approximately $21,113,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Marianne Lake sold 32,243 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 131,962 shares in the company, valued at approximately $21,113,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Peter Scher sold 1,812 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total value of $301,969.80. Following the sale, the insider now owns 46,766 shares of the company’s stock, valued at $7,793,553.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,072 shares of company stock worth $6,297,103. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $175.00 on Wednesday. The firm has a market capitalization of $503.42 billion, a P/E ratio of 10.79, a P/E/G ratio of 2.20 and a beta of 1.14. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.30. The stock’s 50-day simple moving average is $167.49 and its two-hundred day simple moving average is $154.91. JPMorgan Chase & Co. has a twelve month low of $123.11 and a twelve month high of $178.30.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). The business had revenue of $38.57 billion during the quarter, compared to the consensus estimate of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. JPMorgan Chase & Co.’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.57 earnings per share. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 15.85 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Thursday, January 4th. This represents a $4.20 annualized dividend and a dividend yield of 2.40%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 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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