Oliver Luxxe Assets LLC Sells 2,245 Shares of JPMorgan Chase & Co. (JPM)

Oliver Luxxe Assets LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 29.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,383 shares of the financial services provider’s stock after selling 2,245 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in JPMorgan Chase & Co. were worth $576,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Private Vista LLC bought a new stake in JPMorgan Chase & Co. during the second quarter valued at about $102,000. Kohmann Bosshard Financial Services LLC bought a new stake in JPMorgan Chase & Co. during the third quarter valued at about $102,000. Welch Investments LLC bought a new stake in JPMorgan Chase & Co. during the third quarter valued at about $103,000. Legacy Advisors LLC bought a new stake in JPMorgan Chase & Co. during the third quarter valued at about $106,000. Finally, Atlantic Trust LLC bought a new stake in JPMorgan Chase & Co. during the second quarter valued at about $136,000. 74.47% of the stock is currently owned by institutional investors.

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In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 16,434 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 98,811 shares in the company, valued at $11,088,570.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter Scher sold 26,532 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $113.42, for a total value of $3,009,259.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 152,047 shares of company stock valued at $17,098,115. 0.88% of the stock is currently owned by company insiders.

A number of equities research analysts have commented on JPM shares. Vetr cut JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price target on the stock. in a report on Wednesday, January 10th. Zacks Investment Research cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Morgan Stanley lifted their target price on JPMorgan Chase & Co. from $133.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. Credit Suisse Group raised JPMorgan Chase & Co. to a “buy” rating and set a $120.00 target price on the stock in a report on Friday, January 5th. Finally, Vining Sparks reaffirmed a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, January 12th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $112.14.

JPMorgan Chase & Co. stock opened at $107.01 on Friday. The company has a market capitalization of $367,253.94, a PE ratio of 15.31, a P/E/G ratio of 1.81 and a beta of 1.18. JPMorgan Chase & Co. has a 12-month low of $81.64 and a 12-month high of $119.33. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. The company had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.71 earnings per share. analysts expect that JPMorgan Chase & Co. will post 8.89 EPS for the current year.

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