Abbot Financial Management Inc. Sells 193 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Abbot Financial Management Inc. trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,426 shares of the financial services provider’s stock after selling 193 shares during the quarter. JPMorgan Chase & Co. accounts for about 3.2% of Abbot Financial Management Inc.’s investment portfolio, making the stock its 3rd biggest position. Abbot Financial Management Inc.’s holdings in JPMorgan Chase & Co. were worth $5,345,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Morgan Stanley grew its position in shares of JPMorgan Chase & Co. by 0.3% in the 3rd quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider’s stock worth $9,127,754,000 after acquiring an additional 201,441 shares in the last quarter. FMR LLC increased its stake in JPMorgan Chase & Co. by 1.2% during the third quarter. FMR LLC now owns 49,417,639 shares of the financial services provider’s stock valued at $7,166,546,000 after purchasing an additional 606,382 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of JPMorgan Chase & Co. by 12.2% during the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after purchasing an additional 4,603,090 shares during the period. Norges Bank bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth about $6,016,878,000. Finally, Northern Trust Corp boosted its holdings in shares of JPMorgan Chase & Co. by 2.7% in the 3rd quarter. Northern Trust Corp now owns 33,089,310 shares of the financial services provider’s stock valued at $4,798,612,000 after buying an additional 871,091 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM traded up $2.07 on Friday, reaching $198.99. 928,071 shares of the company traded hands, compared to its average volume of 9,231,700. The stock has a market capitalization of $571.43 billion, a PE ratio of 11.89, a P/E/G ratio of 2.68 and a beta of 1.13. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. The company’s 50 day moving average is $194.50 and its 200-day moving average is $177.66. JPMorgan Chase & Co. has a fifty-two week low of $134.40 and a fifty-two week high of $205.88.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The business had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. As a group, analysts anticipate that JPMorgan Chase & Co. will post 16.31 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.31%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. stock in a transaction on 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 sale, the general counsel now owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the sale, the general counsel now directly owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The disclosure for this sale can be found here. Insiders have sold a total of 249,399 shares of company stock valued at $46,713,667 in the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. UBS Group raised their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Oppenheimer lowered their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. Morgan Stanley cut their target price on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, BMO Capital Markets reduced their price target on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a report on Monday, April 15th. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $194.10.

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.