JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Gradient Investments LLC

Gradient Investments LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 14.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 228,484 shares of the financial services provider’s stock after selling 38,241 shares during the period. JPMorgan Chase & Co. accounts for 1.0% of Gradient Investments LLC’s investment portfolio, making the stock its 24th largest position. Gradient Investments LLC’s holdings in JPMorgan Chase & Co. were worth $30,640,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. HBC Financial Services PLLC lifted its stake in shares of JPMorgan Chase & Co. by 61.2% in the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. Grayhawk Investment Strategies Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $32,000. Horizons Wealth Management acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $39,000. New Millennium Group LLC acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $39,000. Finally, Parkwood LLC lifted its stake in shares of JPMorgan Chase & Co. by 7.1% in the 2nd quarter. Parkwood LLC now owns 43,703 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 2,885 shares during the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.

JPMorgan Chase & Co. Trading Down 3.8 %

JPM opened at $125.81 on Friday. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $144.34. The company has a market cap of $370.30 billion, a P/E ratio of 10.41, a PEG ratio of 2.09 and a beta of 1.12. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. The business’s 50-day simple moving average is $139.06 and its 200-day simple moving average is $129.21.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.11 by $0.46. The firm had revenue of $34.55 billion during the quarter, compared to analysts’ expectations of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The business’s revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.33 EPS. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 12.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on JPM. Barclays upped their price target on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. StockNews.com started coverage on JPMorgan Chase & Co. in a research note on Thursday. They set a “hold” rating on the stock. UBS Group set a $156.00 target price on JPMorgan Chase & Co. in a research note on Friday, January 13th. Oppenheimer increased their target price on JPMorgan Chase & Co. from $177.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and decreased their target price for the stock from $155.00 to $145.00 in a research note on Friday, January 6th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.78.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Mary E. Erdoes sold 10,340 shares of the company’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total value of $1,450,598.60. Following the completion of the sale, the chief executive officer now directly owns 544,136 shares of the company’s stock, valued at approximately $76,336,839.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 23,148 shares of the stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the completion of the sale, the general counsel now directly owns 48,311 shares of the company’s stock, valued at approximately $6,778,516.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mary E. Erdoes sold 10,340 shares of the stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total value of $1,450,598.60. Following the sale, the chief executive officer now directly owns 544,136 shares of the company’s stock, valued at $76,336,839.44. The disclosure for this sale can be found here. Insiders sold a total of 37,887 shares of company stock valued at $5,315,762 in the last three months. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co is a financial holding company, which engages in providing 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.