JPMorgan Chase & Co. (JPM) Shares Sold by Congress Asset Management Co. MA

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Congress Asset Management Co. MA decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 115,223 shares of the financial services provider’s stock after selling 179 shares during the period. Congress Asset Management Co. MA’s holdings in JPMorgan Chase & Co. were worth $11,248,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Adirondack Trust Co. grew its stake in shares of JPMorgan Chase & Co. by 0.5% in the 4th quarter. Adirondack Trust Co. now owns 20,026 shares of the financial services provider’s stock worth $1,955,000 after buying an additional 99 shares during the last quarter. Bogart Wealth LLC grew its stake in shares of JPMorgan Chase & Co. by 19.0% in the 4th quarter. Bogart Wealth LLC now owns 625 shares of the financial services provider’s stock worth $61,000 after buying an additional 100 shares during the last quarter. Watch Point Trust Co grew its stake in shares of JPMorgan Chase & Co. by 0.3% in the 4th quarter. Watch Point Trust Co now owns 35,305 shares of the financial services provider’s stock worth $3,447,000 after buying an additional 104 shares during the last quarter. New Potomac Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 0.5% in the 4th quarter. New Potomac Partners LLC now owns 23,102 shares of the financial services provider’s stock worth $2,255,000 after buying an additional 105 shares during the last quarter. Finally, Truewealth LLC grew its stake in shares of JPMorgan Chase & Co. by 0.8% in the 4th quarter. Truewealth LLC now owns 14,215 shares of the financial services provider’s stock worth $1,388,000 after buying an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 69.92% of the company’s stock.

Several analysts have commented on the company. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. BMO Capital Markets increased their target price on JPMorgan Chase & Co. from $116.00 to $118.00 and gave the company a “market perform” rating in a research note on Monday, April 15th. Credit Suisse Group increased their target price on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Morgan Stanley increased their target price on JPMorgan Chase & Co. from $124.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, HSBC set a $102.00 target price on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Thursday, April 4th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus price target of $123.05.

Shares of JPM opened at $115.41 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 12 month low of $91.11 and a 12 month high of $119.24. The firm has a market cap of $395.22 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, April 12th. The financial services provider reported $2.65 EPS for the quarter, beating the consensus estimate of $2.32 by $0.33. The business had revenue of $29.12 billion for the quarter, compared to the consensus estimate of $27.95 billion. JPMorgan Chase & Co. had a return on equity of 14.23% and a net margin of 24.28%. During the same period last year, the business posted $2.37 EPS. On average, equities research analysts expect that JPMorgan Chase & Co. will post 10 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were issued a dividend of $0.80 per share. The ex-dividend date was Thursday, April 4th. This represents a $3.20 annualized dividend and a dividend yield of 2.77%. JPMorgan Chase & Co.’s payout ratio is 35.56%.

In other news, Director Mellody L. Hobson purchased 1,700 shares of the stock in a transaction dated Thursday, April 18th. The shares were purchased at an average cost of $114.26 per share, with a total value of $194,242.00. Following the acquisition, the director now directly owns 7,485 shares of the company’s stock, valued at $855,236.10. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 3,710 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $109.75, for a total value of $407,172.50. Following the transaction, the general counsel now directly owns 23,650 shares in the company, valued at $2,595,587.50. The disclosure for this sale can be found here. Over the last three months, insiders have bought 24,700 shares of company stock worth $2,711,552 and have sold 157,573 shares worth $17,293,454. 0.76% of the stock is owned by corporate insiders.

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JPMorgan Chase & Co. Company 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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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