Mayflower Financial Advisors LLC Sells 874 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Mayflower Financial Advisors LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,332 shares of the financial services provider’s stock after selling 874 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $3,458,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its holdings in JPMorgan Chase & Co. by 1.9% during the 2nd quarter. State Street Corp now owns 126,243,947 shares of the financial services provider’s stock worth $18,360,920,000 after purchasing an additional 2,384,901 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in JPMorgan Chase & Co. by 105,652.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after purchasing an additional 97,907,897 shares in the last quarter. Morgan Stanley increased its holdings in JPMorgan Chase & Co. by 0.3% during the 3rd quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider’s stock worth $9,127,754,000 after purchasing an additional 201,441 shares in the last quarter. FMR LLC increased its holdings in JPMorgan Chase & Co. by 1.2% during the 3rd quarter. FMR LLC now owns 49,417,639 shares of the financial services provider’s stock worth $7,166,546,000 after purchasing an additional 606,382 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in JPMorgan Chase & Co. by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after purchasing an additional 4,603,090 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $198.29 on Thursday. JPMorgan Chase & Co. has a one year low of $126.22 and a one year high of $200.94. The business has a fifty day moving average price of $185.21 and a 200-day moving average price of $165.45. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $571.15 billion, a P/E ratio of 12.23, a PEG ratio of 2.53 and a beta of 1.15.

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 the consensus estimate of $39.73 billion. During the same period in the previous year, the business earned $3.57 earnings per share. JPMorgan Chase & Co.’s revenue was up 11.7% on a year-over-year basis. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 15.75 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be issued a $1.15 dividend. 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 dividend yield of 2.32%. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.89%.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Lori A. Beer sold 3,920 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the transaction, the insider now directly owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, General Counsel Stacey Friedman sold 6,030 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the sale, the general counsel now owns 59,456 shares in the company, valued at $10,864,394.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lori A. Beer sold 3,920 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the sale, the insider now owns 64,783 shares in the company, valued at approximately $12,656,006.88. The disclosure for this sale can be found here. Insiders sold 849,303 shares of company stock valued at $155,107,447 over the last three months. Company insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on JPM. Morgan Stanley boosted their target price on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $140.00 to $190.00 in a research note on Tuesday, January 9th. Finally, Bank of America boosted their target price on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.63.

Check Out Our Latest Analysis on JPM

About JPMorgan Chase & Co.

(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.

See Also

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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