Aurora Private Wealth Inc. Sells 956 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Aurora Private Wealth Inc. decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 16.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,927 shares of the financial services provider’s stock after selling 956 shares during the quarter. JPMorgan Chase & Co. accounts for about 0.9% of Aurora Private Wealth Inc.’s investment portfolio, making the stock its 29th largest position. Aurora Private Wealth Inc.’s holdings in JPMorgan Chase & Co. were worth $997,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of JPM. Wellington Wealth Strategies LLC. purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $1,145,000. Cooper Financial Group boosted its stake in shares of JPMorgan Chase & Co. by 12.8% in the first quarter. Cooper Financial Group now owns 8,693 shares of the financial services provider’s stock worth $1,741,000 after acquiring an additional 984 shares during the period. Sutton Place Investors LLC raised its stake in JPMorgan Chase & Co. by 179.5% during the 4th quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock valued at $2,228,000 after purchasing an additional 8,412 shares during the period. Spartan Planning & Wealth Management boosted its position in shares of JPMorgan Chase & Co. by 257.3% during the fourth quarter. Spartan Planning & Wealth Management now owns 3,780 shares of the financial services provider’s stock worth $643,000 after acquiring an additional 2,722 shares during the last quarter. Finally, jvl associates llc increased its holdings in JPMorgan Chase & Co. by 59.8% in the 1st quarter. jvl associates llc now owns 1,911 shares of the financial services provider’s stock valued at $383,000 after acquiring an additional 715 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In related news, insider Lori A. Beer sold 5,298 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the completion of the sale, the insider now directly owns 46,375 shares in the company, valued at $9,304,680. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the transaction, the general counsel now owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lori A. Beer sold 5,298 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the transaction, the insider now directly owns 46,375 shares of the company’s stock, valued at approximately $9,304,680. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,799 shares of company stock worth $2,963,721. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded up $1.92 during mid-day trading on Friday, reaching $213.47. The company’s stock had a trading volume of 929,339 shares, compared to its average volume of 9,176,797. The stock has a 50-day moving average of $204.39 and a two-hundred day moving average of $195.14. The stock has a market capitalization of $613.01 billion, a P/E ratio of 11.80, a P/E/G ratio of 2.42 and a beta of 1.12. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $217.56.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The business had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same period in the prior year, the business earned $4.37 earnings per share. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.15%. The ex-dividend date was Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 25.66%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JPM. Robert W. Baird lifted their price objective on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Citigroup increased their price target on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Finally, Morgan Stanley raised their price target on shares of JPMorgan Chase & Co. from $221.00 to $226.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.71.

JPMorgan Chase & Co. Profile

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.