Oregon Public Employees Retirement Fund Cuts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Oregon Public Employees Retirement Fund lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 224,143 shares of the financial services provider’s stock after selling 5,795 shares during the period. Oregon Public Employees Retirement Fund’s holdings in JPMorgan Chase & Co. were worth $23,423,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of JPM. Karpas Strategies LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.4% during the third quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock valued at $2,251,000 after acquiring an additional 80 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. lifted its position in JPMorgan Chase & Co. by 3.3% during the second quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,685 shares of the financial services provider’s stock worth $302,000 after buying an additional 85 shares during the period. Keb Asset Management LLC lifted its position in JPMorgan Chase & Co. by 2.5% during the third quarter. Keb Asset Management LLC now owns 3,485 shares of the financial services provider’s stock worth $364,000 after buying an additional 85 shares during the period. Royal Capital Wealth Management LLC lifted its position in JPMorgan Chase & Co. by 0.4% during the second quarter. Royal Capital Wealth Management LLC now owns 19,759 shares of the financial services provider’s stock worth $2,225,000 after buying an additional 87 shares during the period. Finally, Altus Wealth Group LLC lifted its position in JPMorgan Chase & Co. by 1.4% during the second quarter. Altus Wealth Group LLC now owns 6,281 shares of the financial services provider’s stock worth $1,028,000 after buying an additional 88 shares during the period. Hedge funds and other institutional investors own 67.89% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on JPM. StockNews.com began coverage on JPMorgan Chase & Co. in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Credit Suisse Group set a $155.00 target price on JPMorgan Chase & Co. in a research report on Tuesday, January 17th. Oppenheimer increased their target price on JPMorgan Chase & Co. from $169.00 to $177.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 17th. The Goldman Sachs Group cut their price objective on JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, October 4th. Finally, Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $153.00 to $167.00 and gave the stock an “overweight” rating in a report on Tuesday, January 17th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average target price of $147.89.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $135.08 on Monday. The company has a market cap of $396.22 billion, a P/E ratio of 11.18, a PEG ratio of 2.10 and a beta of 1.13. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $159.03. The business’s 50-day simple moving average is $134.60 and its 200 day simple moving average is $122.80.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share 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 firm had revenue of $34.55 billion during the quarter, compared to analyst estimates of $34.23 billion. During the same quarter last year, the firm earned $3.33 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 18.1% on a year-over-year basis. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 12.88 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be paid 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 dividend payout ratio (DPR) is presently 33.11%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 375 shares of the stock in a transaction on Thursday, January 19th. The stock was purchased at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the purchase, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 375 shares of the stock in a transaction on Thursday, January 19th. The stock was purchased at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the purchase, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Peter Scher sold 1,310 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $163,776.20. Following the completion of the transaction, the insider now owns 34,973 shares of the company’s stock, valued at approximately $4,372,324.46. The disclosure for this sale can be found here. Insiders sold a total of 46,336 shares of company stock worth $6,372,156 in the last 90 days. 0.79% of the stock is owned by corporate insiders.

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.

See Also

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

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