Amica Retiree Medical Trust Sells 1,942 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Amica Retiree Medical Trust lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 13.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,563 shares of the financial services provider’s stock after selling 1,942 shares during the quarter. JPMorgan Chase & Co. comprises 1.6% of Amica Retiree Medical Trust’s portfolio, making the stock its 11th largest holding. Amica Retiree Medical Trust’s holdings in JPMorgan Chase & Co. were worth $1,313,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. HBC Financial Services PLLC grew its holdings in JPMorgan Chase & Co. by 61.2% during the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after buying an additional 90 shares in the last quarter. Grayhawk Investment Strategies Inc. purchased a new position in shares of JPMorgan Chase & Co. during the second quarter worth about $32,000. Financial Connections Group Inc. grew its holdings in shares of JPMorgan Chase & Co. by 48.5% during the second quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 100 shares in the last quarter. Horizons Wealth Management purchased a new position in shares of JPMorgan Chase & Co. during the second quarter worth about $39,000. Finally, New Millennium Group LLC purchased a new position in shares of JPMorgan Chase & Co. during the second quarter worth about $39,000. Hedge funds and other institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $137.94 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.84 and a current ratio of 0.84. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $169.81. The stock has a 50 day moving average price of $132.87 and a two-hundred day moving average price of $121.00. The company has a market capitalization of $404.61 billion, a P/E ratio of 11.65, a PEG ratio of 2.11 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly earnings data on Friday, October 14th. The financial services provider reported $3.12 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.16. The firm had revenue of $32.72 billion during the quarter, compared to the consensus estimate of $31.88 billion. JPMorgan Chase & Co. had a return on equity of 14.52% and a net margin of 26.85%. The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.74 earnings per share. Analysts expect that JPMorgan Chase & Co. will post 11.68 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be issued a dividend of $1.00 per share. The ex-dividend date is Thursday, January 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.90%. JPMorgan Chase & Co.’s dividend payout ratio is presently 33.78%.

Analysts Set New Price Targets

Several research analysts have recently commented on JPM shares. Oppenheimer cut their price objective on JPMorgan Chase & Co. from $174.00 to $169.00 and set an “outperform” rating for the company in a report on Wednesday, December 28th. Morgan Stanley raised JPMorgan Chase & Co. from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $126.00 to $153.00 in a report on Tuesday, December 6th. Credit Suisse Group set a $150.00 price objective on JPMorgan Chase & Co. in a report on Friday. Royal Bank of Canada set a $130.00 target price on JPMorgan Chase & Co. in a research note on Thursday. Finally, The Goldman Sachs Group cut their target price on JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, October 4th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $143.39.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Mary E. Erdoes sold 33,515 shares of the company’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $115.77, for a total transaction of $3,880,031.55. Following the completion of the transaction, the chief executive officer now owns 533,795 shares in the company, valued at $61,797,447.15. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 33,515 shares of the stock in a transaction on Monday, October 17th. The stock was sold at an average price of $115.77, for a total value of $3,880,031.55. Following the completion of the transaction, the chief executive officer now owns 533,795 shares in the company, valued at $61,797,447.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robin Leopold sold 2,000 shares of the stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $125.07, for a total value of $250,140.00. Following the completion of the transaction, the insider now owns 19,031 shares of the company’s stock, valued at approximately $2,380,207.17. The disclosure for this sale can be found here. Insiders sold a total of 41,964 shares of company stock worth $4,936,426 over the last quarter. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Profile

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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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