KCS Wealth Advisory Sells 391 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Share on StockTwits

KCS Wealth Advisory lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,735 shares of the financial services provider’s stock after selling 391 shares during the quarter. KCS Wealth Advisory’s holdings in JPMorgan Chase & Co. were worth $660,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $26,000. Bridger Capital Management LLC purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at $33,000. Vista Private Wealth Partners. LLC purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at $35,000. Eukles Asset Management raised its stake in shares of JPMorgan Chase & Co. by 36.5% in the third quarter. Eukles Asset Management now owns 318 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 85 shares during the period. Finally, JJJ Advisors Inc. raised its stake in shares of JPMorgan Chase & Co. by 87.5% in the third quarter. JJJ Advisors Inc. now owns 375 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 175 shares during the period. Institutional investors and hedge funds own 72.05% of the company’s stock.

JPM stock opened at $136.72 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.92 and a quick ratio of 0.93. The company has a market capitalization of $435.34 billion, a PE ratio of 13.23, a P/E/G ratio of 1.89 and a beta of 1.24. The firm’s 50-day moving average is $136.35 and its 200 day moving average is $121.98. JPMorgan Chase & Co. has a 12 month low of $98.09 and a 12 month high of $141.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, January 14th. The financial services provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.25. The business had revenue of $28.30 billion for the quarter, compared to the consensus estimate of $27.69 billion. JPMorgan Chase & Co. had a net margin of 25.49% and a return on equity of 15.19%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.98 EPS. Sell-side analysts forecast that JPMorgan Chase & Co. will post 10.5 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Friday, January 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 34.35%.

Several brokerages have recently weighed in on JPM. UBS Group downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and increased their target price for the company from $132.00 to $138.00 in a research note on Monday, January 6th. DA Davidson started coverage on shares of JPMorgan Chase & Co. in a research note on Wednesday, January 8th. They issued a “neutral” rating and a $140.00 price target on the stock. Keefe, Bruyette & Woods downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and set a $135.00 price target on the stock. in a research note on Monday, December 9th. ValuEngine downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, January 7th. Finally, Morgan Stanley raised their price target on shares of JPMorgan Chase & Co. from $146.00 to $151.00 and gave the stock an “overweight” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $135.29.

In other JPMorgan Chase & Co. news, insider Nicole Giles sold 3,015 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $137.10, for a total transaction of $413,356.50. Following the transaction, the insider now owns 10,607 shares of the company’s stock, valued at approximately $1,454,219.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter Scher sold 21,949 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $137.11, for a total transaction of $3,009,427.39. Following the transaction, the executive vice president now directly owns 26,525 shares in the company, valued at approximately $3,636,842.75. The disclosure for this sale can be found here. Insiders have sold a total of 121,172 shares of company stock worth $16,158,032 in the last three months. Insiders own 0.76% of the company’s stock.

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.

See Also: Debt-To-Equity Ratio

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Strs Ohio Has $21.92 Million Stake in Western Digital Corp
Strs Ohio Has $21.92 Million Stake in Western Digital Corp
Strs Ohio Has $22.13 Million Stock Position in Humana Inc
Strs Ohio Has $22.13 Million Stock Position in Humana Inc
Valeo Financial Advisors LLC Has $104,000 Stock Position in LYFT Inc
Valeo Financial Advisors LLC Has $104,000 Stock Position in LYFT Inc
Strs Ohio Sells 288,000 Shares of Discovery Communications Inc.
Strs Ohio Sells 288,000 Shares of Discovery Communications Inc.
Strs Ohio Has $23.09 Million Position in Waste Management, Inc.
Strs Ohio Has $23.09 Million Position in Waste Management, Inc.
Valeo Financial Advisors LLC Grows Position in Baker Hughes A GE Co
Valeo Financial Advisors LLC Grows Position in Baker Hughes A GE Co


© 2006-2020 Ticker Report