JPMorgan Chase & Co. (JPM) Shares Sold by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,458,950 shares of the financial services provider’s stock after selling 95,600 shares during the period. JPMorgan Chase & Co. makes up approximately 2.8% of Factory Mutual Insurance Co.’s holdings, making the stock its 3rd largest holding. Factory Mutual Insurance Co.’s holdings in JPMorgan Chase & Co. were worth $262,960,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Beach Investment Management LLC. grew its position in shares of JPMorgan Chase & Co. by 1,117.4% during the 2nd quarter. Beach Investment Management LLC. now owns 559,171 shares of the financial services provider’s stock valued at $51,108,000 after acquiring an additional 513,241 shares during the period. Hartland & Co. LLC grew its position in shares of JPMorgan Chase & Co. by 4.0% during the 2nd quarter. Hartland & Co. LLC now owns 177,103 shares of the financial services provider’s stock valued at $16,188,000 after acquiring an additional 6,807 shares during the period. Bridgewater Wealth & Financial Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $269,000. Beacon Investment Advisory Services Inc. grew its position in shares of JPMorgan Chase & Co. by 38.1% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 13,136 shares of the financial services provider’s stock valued at $1,201,000 after acquiring an additional 3,626 shares during the period. Finally, First Personal Financial Services grew its position in shares of JPMorgan Chase & Co. by 53.7% during the 2nd quarter. First Personal Financial Services now owns 10,176 shares of the financial services provider’s stock valued at $930,000 after acquiring an additional 3,554 shares during the period. 74.47% of the stock is owned by institutional investors and hedge funds.

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JPM has been the subject of a number of recent research reports. Vetr downgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price objective for the company. in a research report on Wednesday, January 10th. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Morgan Stanley boosted their price objective on shares of JPMorgan Chase & Co. from $133.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Credit Suisse Group raised shares of JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, January 5th. Finally, Vining Sparks reissued a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $112.14.

In other JPMorgan Chase & Co. news, EVP Peter Scher sold 17,057 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.20, for a total value of $1,913,795.40. Following the sale, the executive vice president now owns 15,310 shares in the company, valued at approximately $1,717,782. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 16,434 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the completion of the sale, the insider now owns 98,811 shares in the company, valued at approximately $11,088,570.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 152,047 shares of company stock worth $17,098,115. Corporate insiders own 0.88% of the company’s stock.

Shares of JPMorgan Chase & Co. stock opened at $107.01 on Friday. The company has a market cap of $377,343.88, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 1.86 and a beta of 1.18. JPMorgan Chase & Co. has a one year low of $81.64 and a one year high of $119.33. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.71 EPS. equities analysts forecast that JPMorgan Chase & Co. will post 8.89 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 6th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, April 5th. JPMorgan Chase & Co.’s payout ratio is currently 35.56%.

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About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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