JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Associated Banc Corp

Associated Banc Corp lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 373,411 shares of the financial services provider’s stock after selling 3,521 shares during the quarter. JPMorgan Chase & Co. comprises about 2.2% of Associated Banc Corp’s portfolio, making the stock its 7th largest position. Associated Banc Corp’s holdings in JPMorgan Chase & Co. were worth $59,130,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Eagle Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 1.6% in the 2nd quarter. Eagle Capital Management LLC now owns 25,176 shares of the financial services provider’s stock valued at $3,916,000 after purchasing an additional 406 shares in the last quarter. Morgan Stanley increased its stake in shares of JPMorgan Chase & Co. by 1.4% in the 2nd quarter. Morgan Stanley now owns 38,288,577 shares of the financial services provider’s stock valued at $5,955,407,000 after purchasing an additional 510,298 shares in the last quarter. Keudell Morrison Wealth Management increased its stake in shares of JPMorgan Chase & Co. by 2.3% in the 3rd quarter. Keudell Morrison Wealth Management now owns 12,253 shares of the financial services provider’s stock valued at $2,006,000 after purchasing an additional 270 shares in the last quarter. Center for Financial Planning Inc. increased its stake in shares of JPMorgan Chase & Co. by 1.7% in the 3rd quarter. Center for Financial Planning Inc. now owns 17,289 shares of the financial services provider’s stock valued at $2,830,000 after purchasing an additional 285 shares in the last quarter. Finally, New World Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 15.1% in the 3rd quarter. New World Advisors LLC now owns 1,886 shares of the financial services provider’s stock valued at $324,000 after purchasing an additional 248 shares in the last quarter. Institutional investors and hedge funds own 70.35% of the company’s stock.

Several brokerages recently weighed in on JPM. StockNews.com began coverage on JPMorgan Chase & Co. in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Royal Bank of Canada set a $175.00 price target on JPMorgan Chase & Co. and gave the company an “outperform” rating in a research note on Thursday, April 14th. BMO Capital Markets cut their price target on JPMorgan Chase & Co. from $154.00 to $150.00 and set a “hold” rating for the company in a research note on Thursday, April 14th. Berenberg Bank set a $120.00 price objective on JPMorgan Chase & Co. in a report on Tuesday, April 19th. Finally, Oppenheimer upgraded JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $167.00 price objective on the stock in a report on Tuesday, May 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Hold” and an average price target of $163.00.

Shares of JPMorgan Chase & Co. stock traded up $1.05 on Friday, hitting $119.09. 10,329,722 shares of the company were exchanged, compared to its average volume of 16,414,854. The stock has a market capitalization of $349.77 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 2.13 and a beta of 1.12. The company has a 50-day moving average price of $130.78 and a 200 day moving average price of $148.51. JPMorgan Chase & Co. has a 1-year low of $115.37 and a 1-year high of $172.96. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.16.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its earnings results on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share for the quarter, missing the consensus estimate of $2.73 by ($0.10). The company had revenue of $30.72 billion for the quarter, compared to analyst estimates of $30.53 billion. JPMorgan Chase & Co. had a return on equity of 16.58% and a net margin of 33.61%. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.50 earnings per share. Research analysts forecast that JPMorgan Chase & Co. will post 11.14 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, April 30th. Investors of record on Wednesday, April 6th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Tuesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.67%.

In related news, insider Ashley Bacon sold 21,012 shares of the company’s stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of $130.04, for a total value of $2,732,400.48. Following the transaction, the insider now directly owns 178,588 shares in the company, valued at $23,223,583.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jennifer Piepszak sold 4,668 shares of the company’s stock in a transaction that occurred on Thursday, April 14th. The shares were sold at an average price of $126.19, for a total value of $589,054.92. Following the completion of the transaction, the chief executive officer now owns 11,135 shares in the company, valued at $1,405,125.65. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Profile (Get Rating)

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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

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

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