Personal CFO Solutions LLC Decreases Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Personal CFO Solutions LLC trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,624 shares of the financial services provider’s stock after selling 693 shares during the quarter. Personal CFO Solutions LLC’s holdings in JPMorgan Chase & Co. were worth $901,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in JPM. HBC Financial Services PLLC raised its position in shares of 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 stake in JPMorgan Chase & Co. in the 2nd quarter worth about $32,000. Financial Connections Group Inc. raised its position in JPMorgan Chase & Co. by 48.5% in the 2nd 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 during the period. Horizons Wealth Management purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter worth about $39,000. Finally, New Millennium Group LLC purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter worth about $39,000. 67.89% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 0.2 %

NYSE:JPM opened at $135.08 on Friday. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $159.03. The firm has a 50 day moving average of $134.60 and a 200 day moving average of $122.72. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $396.22 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 2.23 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.11 by $0.46. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The company had revenue of $34.55 billion during the quarter, compared to analysts’ expectations of $34.23 billion. During the same quarter in the prior year, the company posted $3.33 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 18.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 12.81 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be given 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 yield of 2.96%. JPMorgan Chase & Co.’s payout ratio is 33.11%.

Insider Activity at JPMorgan Chase & Co.

In related news, Director Mellody L. Hobson purchased 375 shares of the firm’s stock in a transaction on Thursday, January 19th. The stock was acquired at an average price of $134.53 per share, with a total value of $50,448.75. Following the completion of the acquisition, the director now owns 22,040 shares in the company, valued at approximately $2,965,041.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Mellody L. Hobson purchased 375 shares of the firm’s stock in a transaction on Thursday, January 19th. The stock was acquired at an average price of $134.53 per share, with a total value of $50,448.75. Following the completion of the acquisition, the director now owns 22,040 shares in the company, valued at approximately $2,965,041.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Peter Scher sold 4,399 shares of the firm’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total transaction of $617,267.68. Following the completion of the transaction, the insider now directly owns 36,369 shares of the company’s stock, valued at approximately $5,103,298.08. The disclosure for this sale can be found here. Insiders sold 46,336 shares of company stock valued at $6,372,156 over the last 90 days. Insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JPM. BMO Capital Markets increased their price objective on shares of JPMorgan Chase & Co. from $149.00 to $158.00 and gave the stock a “market perform” rating in a research report on Monday, October 17th. Royal Bank of Canada set a $130.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, January 13th. The Goldman Sachs Group dropped their target price on shares of JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, October 4th. Oppenheimer upped their target price on shares of JPMorgan Chase & Co. from $169.00 to $177.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 17th. Finally, Barclays upped their target price on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $147.89.

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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