Wealth Quarterback LLC Sells 115 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Wealth Quarterback LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,054 shares of the financial services provider’s stock after selling 115 shares during the quarter. Wealth Quarterback LLC’s holdings in JPMorgan Chase & Co. were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordwand Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 1st quarter valued at $30,000. Sageworth Trust Co grew its holdings in shares of JPMorgan Chase & Co. by 266.7% during the 1st quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 296 shares during the period. Robbins Farley raised its position in shares of JPMorgan Chase & Co. by 54.2% in the 1st quarter. Robbins Farley now owns 475 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 167 shares in the last quarter. Miller Wealth Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $67,000. Finally, Guardian Wealth Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $70,000. 68.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on JPM. BMO Capital Markets raised their price objective on JPMorgan Chase & Co. from $167.00 to $171.00 and gave the company a “market perform” rating in a research report on Monday, October 16th. StockNews.com began coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Evercore ISI raised their price target on shares of JPMorgan Chase & Co. from $158.00 to $167.00 in a research report on Thursday, October 5th. Odeon Capital Group cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a research report on Thursday, November 2nd. Finally, HSBC began coverage on JPMorgan Chase & Co. in a report on Thursday, September 7th. They issued a “hold” rating and a $159.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.80.

Check Out Our Latest Stock Analysis on JPM

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $153.29 on Tuesday. The business has a 50-day moving average price of $145.23 and a 200-day moving average price of $145.34. The firm has a market cap of $443.16 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12. JPMorgan Chase & Co. has a twelve month low of $123.11 and a twelve month high of $159.38. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its quarterly earnings data on Friday, October 13th. The financial services provider reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.95 by $0.38. The firm had revenue of $40.69 billion for the quarter, compared to analysts’ expectations of $39.63 billion. JPMorgan Chase & Co. had a net margin of 22.79% and a return on equity of 17.97%. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.12 earnings per share. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 16.67 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 2.74%. The ex-dividend date was Thursday, October 5th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. JPMorgan Chase & Co.’s payout ratio is currently 25.07%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 4,310 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total transaction of $624,346.60. Following the transaction, the general counsel now owns 53,425 shares of the company’s stock, valued at approximately $7,739,145.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.79% of the stock is owned by company insiders.

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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.

Read More

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)

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.