Eclectic Associates Inc. ADV Sells 1,094 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Eclectic Associates Inc. ADV decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.1% in the 4th quarter, HoldingsChannel reports. The firm owned 16,909 shares of the financial services provider’s stock after selling 1,094 shares during the quarter. JPMorgan Chase & Co. accounts for 1.4% of Eclectic Associates Inc. ADV’s portfolio, making the stock its 15th largest holding. Eclectic Associates Inc. ADV’s holdings in JPMorgan Chase & Co. were worth $2,876,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Valicenti Advisory Services Inc. lifted its position in JPMorgan Chase & Co. by 2.9% during the third quarter. Valicenti Advisory Services Inc. now owns 79,891 shares of the financial services provider’s stock worth $11,586,000 after purchasing an additional 2,220 shares during the period. Hilltop Holdings Inc. lifted its position in shares of JPMorgan Chase & Co. by 4.4% during the 2nd quarter. Hilltop Holdings Inc. now owns 34,079 shares of the financial services provider’s stock worth $4,956,000 after buying an additional 1,439 shares during the last quarter. TKG Advisors LLC boosted its stake in JPMorgan Chase & Co. by 97.6% in the third quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider’s stock valued at $1,915,000 after buying an additional 6,521 shares in the last quarter. Alley Investment Management Company LLC grew its position in JPMorgan Chase & Co. by 0.4% in the third quarter. Alley Investment Management Company LLC now owns 126,913 shares of the financial services provider’s stock valued at $18,405,000 after acquiring an additional 530 shares during the last quarter. Finally, Allen Investment Management LLC raised its stake in JPMorgan Chase & Co. by 15.8% during the third quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider’s stock worth $25,341,000 after acquiring an additional 23,894 shares in the last quarter. Institutional investors own 68.94% of the company’s stock.

Insider Activity

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.74, for a total transaction of $716,340.80. Following the transaction, the insider now directly owns 44,996 shares in the company, valued at approximately $8,222,569.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.74, for a total value of $716,340.80. Following the transaction, the insider now owns 44,996 shares in the company, valued at approximately $8,222,569.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James Dimon sold 821,778 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the completion of the transaction, the chief executive officer now directly owns 595,316 shares in the company, valued at approximately $108,782,092.68. The disclosure for this sale can be found here. Insiders have sold 845,383 shares of company stock worth $154,341,636 over the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Trading Down 1.2 %

NYSE JPM opened at $196.62 on Monday. The stock has a market capitalization of $566.34 billion, a P/E ratio of 12.12, a P/E/G ratio of 2.48 and a beta of 1.14. The business has a 50 day simple moving average of $180.50 and a 200 day simple moving average of $162.64. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.91. JPMorgan Chase & Co. has a one year low of $123.11 and a one year high of $200.48.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The company had revenue of $38.57 billion during the quarter, compared to analyst estimates of $39.73 billion. During the same quarter in the previous year, the business posted $3.57 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Research analysts expect that JPMorgan Chase & Co. will post 15.84 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be issued a dividend of $1.15 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is currently 25.89%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on JPM. BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a report on Tuesday, January 16th. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Bank of America raised their price objective on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, January 4th. Oppenheimer dropped their target price on JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating for the company in a research report on Tuesday, March 19th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $185.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.63.

View Our Latest Analysis on JPMorgan Chase & Co.

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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

Further Reading

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMFree Report).

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

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