Certuity LLC Sells 3,180 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Certuity LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,456 shares of the financial services provider's stock after selling 3,180 shares during the period. JPMorgan Chase & Co. comprises 1.2% of Certuity LLC's investment portfolio, making the stock its 21st largest position. Certuity LLC's holdings in JPMorgan Chase & Co. were worth $11,136,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Mizuho Securities Co. Ltd. purchased a new position in shares of JPMorgan Chase & Co. in the third quarter worth $25,000. Catalyst Capital Advisors LLC bought a new position in JPMorgan Chase & Co. in the third quarter worth about $27,000. New England Capital Financial Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 38.5% in the third quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider's stock worth $38,000 after buying an additional 50 shares during the period. Carolina Wealth Advisors LLC boosted its position in 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 valued at $40,000 after acquiring an additional 50 shares in the last quarter. Finally, Peterson Financial Group Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $45,000. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM traded down $2.66 during trading hours on Friday, reaching $264.14. The company had a trading volume of 12,801,234 shares, compared to its average volume of 9,465,503. The firm has a market cap of $738.56 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 2.96 and a beta of 1.12. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The firm's 50 day moving average price is $255.63 and its 200-day moving average price is $234.48. JPMorgan Chase & Co. has a 52 week low of $179.20 and a 52 week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same quarter in the previous year, the company posted $3.04 earnings per share. JPMorgan Chase & Co.'s revenue was up 10.9% compared to the same quarter last year. On average, analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.'s payout ratio is currently 25.33%.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the transaction, the insider now directly owns 50,377 shares in the company, valued at $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the transaction, the chief executive officer now directly owns 158,381 shares of the company's stock, valued at $42,737,529.04. This represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,326 shares of company stock worth $12,448,445 in the last quarter. Company insiders own 0.79% of the company's stock.

Wall Street Analyst Weigh In

JPM has been the subject of a number of research analyst reports. Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Keefe, Bruyette & Woods raised their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research note on Thursday, January 16th. UBS Group upped their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective for the company. in a research note on Thursday, November 7th. Finally, Wolfe Research raised JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 target price on the stock in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $251.78.

About JPMorgan Chase & Co.

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.