Abner Herrman & Brock LLC Sells 1,732 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Abner Herrman & Brock LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,706 shares of the financial services provider's stock after selling 1,732 shares during the period. JPMorgan Chase & Co. accounts for about 3.9% of Abner Herrman & Brock LLC's portfolio, making the stock its 5th largest position. Abner Herrman & Brock LLC's holdings in JPMorgan Chase & Co. were worth $31,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. Mizuho Securities Co. Ltd. bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at $27,000. New England Capital Financial Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 38.5% in the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider's stock worth $38,000 after acquiring an additional 50 shares in the last quarter. Carolina Wealth Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 36.0% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 189 shares of the financial services provider's stock worth $40,000 after purchasing an additional 50 shares during the last quarter. Finally, Peterson Financial Group Inc. bought a new stake in JPMorgan Chase & Co. during the third quarter valued at about $45,000. Institutional investors own 71.55% of the company's stock.

Insider Activity

In related news, General Counsel Stacey Friedman sold 3,303 shares of the business's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares of the company's stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a report on Wednesday, November 20th. Wolfe Research raised shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 target price for the company in a research report on Friday, January 3rd. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price target on the stock. in a report on Thursday, November 7th. UBS Group increased their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Finally, Baird R W downgraded JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and a consensus price target of $251.78.

JPMorgan Chase & Co. Stock Performance

JPM stock traded down $4.91 during midday trading on Monday, hitting $270.89. 8,623,124 shares of the stock traded hands, compared to its average volume of 9,703,267. The stock's fifty day simple moving average is $250.08 and its 200-day simple moving average is $230.67. The firm has a market cap of $762.64 billion, a P/E ratio of 13.72, a PEG ratio of 2.94 and a beta of 1.12. JPMorgan Chase & Co. has a 1-year low of $172.62 and a 1-year high of $278.55. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating analysts' consensus estimates of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to analysts' expectations of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company's quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the firm earned $3.04 EPS. On average, analysts expect that JPMorgan Chase & Co. will post 18.05 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.'s payout ratio is 25.33%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of 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.