Patten Group Inc. Sells 212 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Patten Group Inc. reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,644 shares of the financial services provider’s stock after selling 212 shares during the period. JPMorgan Chase & Co. accounts for about 1.7% of Patten Group Inc.’s holdings, making the stock its 7th biggest position. Patten Group Inc.’s holdings in JPMorgan Chase & Co. were worth $4,551,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in JPM. LFA Lugano Financial Advisors SA acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $26,000. Bridger Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth $33,000. Vista Private Wealth Partners. LLC acquired a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth $35,000. Eukles Asset Management increased its position in JPMorgan Chase & Co. by 36.5% during the 3rd quarter. Eukles Asset Management now owns 318 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 85 shares in the last quarter. Finally, JJJ Advisors Inc. increased its position in JPMorgan Chase & Co. by 87.5% during the 3rd quarter. JJJ Advisors Inc. now owns 375 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 72.05% of the company’s stock.

JPM has been the subject of a number of recent research reports. Morgan Stanley reiterated a “buy” rating and set a $141.00 price objective (up previously from $138.00) on shares of JPMorgan Chase & Co. in a research report on Monday, November 18th. ValuEngine cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and set a $135.00 price objective for the company. in a research report on Monday, December 9th. Wolfe Research cut JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 6th. Finally, DA Davidson initiated coverage on JPMorgan Chase & Co. in a research report on Wednesday, January 8th. They set a “neutral” rating and a $140.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. JPMorgan Chase & Co. has a consensus rating of “Hold” and an average target price of $131.33.

In other JPMorgan Chase & Co. news, insider Nicole Giles sold 863 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $126.73, for a total value of $109,367.99. Following the completion of the sale, the insider now owns 8,949 shares in the company, valued at approximately $1,134,106.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mellody L. Hobson purchased 16,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was acquired at an average price of $124.65 per share, with a total value of $1,994,400.00. Following the acquisition, the director now directly owns 8,186 shares in the company, valued at $1,020,384.90. The disclosure for this purchase can be found here. Insiders sold a total of 69,655 shares of company stock valued at $9,095,955 in the last 90 days. 0.76% of the stock is owned by company insiders.

JPM opened at $138.80 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $426.78 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 1.85 and a beta of 1.24. The business has a 50-day moving average of $136.24 and a two-hundred day moving average of $121.84. JPMorgan Chase & Co. has a 12 month low of $98.09 and a 12 month high of $141.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, January 14th. The financial services provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.32 by $0.25. The company had revenue of $28.30 billion during the quarter, compared to analysts’ expectations of $27.69 billion. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.98 EPS. Equities research analysts anticipate that JPMorgan Chase & Co. will post 10.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.59%. The ex-dividend date is Friday, January 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 40.00%.

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.

Featured Story: What does the Producer Price Index (PPI) tell investors?

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:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.