Private Advisor Group LLC Sells 11,513 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Private Advisor Group LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 332,278 shares of the financial services provider’s stock after selling 11,513 shares during the quarter. Private Advisor Group LLC’s holdings in JPMorgan Chase & Co. were worth $66,554,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JPM. Creative Planning raised its holdings in shares of JPMorgan Chase & Co. by 14.2% during the third quarter. Creative Planning now owns 1,147,696 shares of the financial services provider’s stock valued at $166,439,000 after acquiring an additional 142,616 shares in the last quarter. Mezzasalma Advisors LLC raised its holdings in JPMorgan Chase & Co. by 3.3% in the third quarter. Mezzasalma Advisors LLC now owns 2,151 shares of the financial services provider’s stock worth $312,000 after purchasing an additional 68 shares in the last quarter. Spartan Planning & Wealth Management bought a new position in JPMorgan Chase & Co. in the third quarter worth $153,000. Granite Harbor Advisors Inc. raised its holdings in JPMorgan Chase & Co. by 2.4% in the third quarter. Granite Harbor Advisors Inc. now owns 4,352 shares of the financial services provider’s stock worth $631,000 after purchasing an additional 100 shares in the last quarter. Finally, Savoie Capital LLC bought a new position in JPMorgan Chase & Co. in the third quarter worth $1,317,000. Institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

JPM has been the subject of a number of research reports. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday. Jefferies Financial Group increased their price objective on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a report on Wednesday. BMO Capital Markets decreased their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a report on Monday, April 15th. Evercore ISI reissued an “outperform” rating and issued a $210.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $211.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $194.65.

Get Our Latest Stock Report on JPMorgan Chase & Co.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Elena A. Korablina sold 21,829 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the transaction, the insider now owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the sale, the chief executive officer now owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $190.91, for a total value of $4,167,374.39. Following the sale, the insider now directly owns 6,484 shares in the company, valued at approximately $1,237,860.44. The disclosure for this sale can be found here. Insiders have sold 250,565 shares of company stock valued at $46,962,717 over the last quarter. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Stock Down 1.3 %

JPM stock opened at $204.79 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $210.38. The business’s 50-day moving average is $198.41 and its two-hundred day moving average is $187.58. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $588.09 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 2.74 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The firm had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. As a group, analysts forecast that JPMorgan Chase & Co. will post 16.47 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

JPMorgan Chase & Co. Company 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

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

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