JPMorgan Chase & Co. (JPM) Stake Lowered by Bridge Creek Capital Management LLC

Bridge Creek Capital Management LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,222 shares of the financial services provider’s stock after selling 125 shares during the period. JPMorgan Chase & Co. makes up about 2.4% of Bridge Creek Capital Management LLC’s portfolio, making the stock its 4th largest holding. Bridge Creek Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $4,219,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. HRT Financial LLC lifted its holdings in shares of JPMorgan Chase & Co. by 157.3% during the second quarter. HRT Financial LLC now owns 9,357 shares of the financial services provider’s stock worth $974,000 after buying an additional 5,720 shares in the last quarter. SP Asset Management acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter worth $209,000. Steigerwald Gordon & Koch Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 0.8% during the second quarter. Steigerwald Gordon & Koch Inc. now owns 107,131 shares of the financial services provider’s stock worth $11,155,000 after buying an additional 829 shares in the last quarter. Royal London Asset Management Ltd. acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter worth $161,331,000. Finally, Rehmann Capital Advisory Group lifted its holdings in shares of JPMorgan Chase & Co. by 29.9% during the second quarter. Rehmann Capital Advisory Group now owns 41,596 shares of the financial services provider’s stock worth $3,457,000 after buying an additional 9,578 shares in the last quarter. Hedge funds and other institutional investors own 69.88% of the company’s stock.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,022 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 29th. The stock was sold at an average price of $105.00, for a total value of $317,310.00. Following the transaction, the general counsel now owns 12,519 shares in the company, valued at $1,314,495. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James S. Crown bought 5,000 shares of the firm’s stock in a transaction on Tuesday, February 5th. The stock was acquired at an average price of $103.79 per share, for a total transaction of $518,950.00. Following the transaction, the director now owns 311,447 shares of the company’s stock, valued at $32,325,084.13. The disclosure for this purchase can be found here. In the last quarter, insiders sold 39,191 shares of company stock worth $4,102,110. Company insiders own 0.73% of the company’s stock.



JPM stock opened at $109.94 on Tuesday. The stock has a market capitalization of $381.67 billion, a P/E ratio of 12.22, a P/E/G ratio of 1.65 and a beta of 1.11. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $119.24. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.00 and a quick ratio of 1.00.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.33. JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. The firm had revenue of $29.12 billion for the quarter, compared to analysts’ expectations of $27.95 billion. During the same quarter in the previous year, the business posted $2.37 earnings per share. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 9.68 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.56%.

A number of research analysts recently commented on JPM shares. Barclays reaffirmed a “buy” rating and issued a $140.00 price target on shares of JPMorgan Chase & Co. in a research note on Thursday, February 21st. Wells Fargo & Co reaffirmed a “buy jpm” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, December 20th. ValuEngine raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Monday, December 31st. Finally, Jefferies Financial Group downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 price target for the company. in a research note on Tuesday, January 8th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $123.05.

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About JPMorgan Chase & Co.

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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