Locust Wood Capital Advisers LLC Decreases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Locust Wood Capital Advisers LLC lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 389,311 shares of the financial services provider’s stock after selling 5,911 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.8% of Locust Wood Capital Advisers LLC’s investment portfolio, making the stock its 15th biggest holding. Locust Wood Capital Advisers LLC’s holdings in JPMorgan Chase & Co. were worth $40,683,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. HBC Financial Services PLLC increased its position in JPMorgan Chase & Co. by 61.2% during the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 90 shares during the last quarter. Grayhawk Investment Strategies Inc. purchased a new stake in JPMorgan Chase & Co. during the second quarter valued at $32,000. Financial Connections Group Inc. increased its position in 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 valued at $34,000 after acquiring an additional 100 shares during the last quarter. Horizons Wealth Management purchased a new stake in JPMorgan Chase & Co. during the second quarter valued at $39,000. Finally, New Millennium Group LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter valued at $39,000. Hedge funds and other institutional investors own 67.89% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Douglas B. Petno sold 5,139 shares of the stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $642,477.78. Following the completion of the transaction, the chief executive officer now directly owns 248,011 shares of the company’s stock, valued at $31,006,335.22. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Douglas B. Petno sold 5,139 shares of the stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $642,477.78. Following the completion of the transaction, the chief executive officer now directly owns 248,011 shares of the company’s stock, valued at $31,006,335.22. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Peter Scher sold 4,399 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total value of $617,267.68. Following the sale, the insider now owns 36,369 shares in the company, valued at $5,103,298.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,336 shares of company stock valued at $6,372,156. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $135.08 on Monday. The business has a 50-day moving average price of $134.60 and a 200-day moving average price of $122.80. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $159.03. The firm has a market cap of $396.22 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 2.10 and a beta of 1.13. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly 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 return on equity of 14.68% and a net margin of 24.34%. The company had revenue of $34.55 billion during the quarter, compared to analyst estimates of $34.23 billion. During the same period in the prior year, the company earned $3.33 earnings per share. The firm’s revenue was up 18.1% on a year-over-year basis. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 12.88 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Thursday, January 5th. JPMorgan Chase & Co.’s payout ratio is presently 33.11%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley upped their price objective on JPMorgan Chase & Co. from $153.00 to $167.00 and gave the company an “overweight” rating in a research report on Tuesday, January 17th. The Goldman Sachs Group cut their price target on JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, October 4th. StockNews.com assumed coverage on JPMorgan Chase & Co. in a report on Wednesday, October 12th. They set a “hold” rating for the company. Oppenheimer boosted their price target on JPMorgan Chase & Co. from $169.00 to $177.00 and gave the company an “outperform” rating in a report on Tuesday, January 17th. Finally, Deutsche Bank Aktiengesellschaft lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and cut their price target for the company from $155.00 to $145.00 in a report on Friday, January 6th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.89.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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