Clarus Group Inc. trimmed its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,448 shares of the financial services provider's stock after selling 901 shares during the period. JPMorgan Chase & Co. accounts for 0.7% of Clarus Group Inc.'s portfolio, making the stock its 19th biggest position. Clarus Group Inc.'s holdings in JPMorgan Chase & Co. were worth $2,025,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Essex Financial Services Inc. grew its stake in shares of JPMorgan Chase & Co. by 2.4% in the fourth quarter. Essex Financial Services Inc. now owns 68,188 shares of the financial services provider's stock worth $16,345,000 after acquiring an additional 1,596 shares during the last quarter. Violich Capital Management Inc. grew its stake in shares of JPMorgan Chase & Co. by 1.7% in the fourth quarter. Violich Capital Management Inc. now owns 20,125 shares of the financial services provider's stock worth $4,824,000 after acquiring an additional 330 shares during the last quarter. Summit Trail Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 13.8% in the fourth quarter. Summit Trail Advisors LLC now owns 89,722 shares of the financial services provider's stock worth $21,507,000 after acquiring an additional 10,879 shares during the last quarter. Focus Financial Network Inc. grew its stake in shares of JPMorgan Chase & Co. by 1.7% in the fourth quarter. Focus Financial Network Inc. now owns 34,737 shares of the financial services provider's stock worth $8,327,000 after acquiring an additional 594 shares during the last quarter. Finally, Sapient Capital LLC grew its stake in shares of JPMorgan Chase & Co. by 2.3% in the fourth quarter. Sapient Capital LLC now owns 478,094 shares of the financial services provider's stock worth $114,604,000 after acquiring an additional 10,621 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, COO Jennifer Piepszak sold 4,273 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the completion of the sale, the chief operating officer now directly owns 54,469 shares of the company's stock, valued at approximately $14,698,459.65. This trade represents a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,326 shares of company stock valued at $12,448,445 in the last ninety days. Insiders own 0.79% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on JPM shares. Robert W. Baird downgraded 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. Wolfe Research raised JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target on the stock in a report on Friday, January 3rd. Baird R W downgraded JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Citigroup upped their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a report on Thursday, January 16th. Two research 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. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Hold" and a consensus target price of $251.78.
View Our Latest Stock Report on JPM
JPMorgan Chase & Co. Trading Down 0.8 %
Shares of NYSE:JPM traded down $2.02 during trading on Friday, hitting $264.78. The company had a trading volume of 5,916,011 shares, compared to its average volume of 9,256,909. The stock has a market cap of $740.35 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 2.96 and a beta of 1.12. JPMorgan Chase & Co. has a one year low of $179.20 and a one year high of $280.25. The company has a fifty day simple moving average of $255.63 and a two-hundred day simple moving average of $234.48. 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 quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. The business had revenue of $42.77 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the company earned $3.04 EPS. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.'s payout ratio is 25.33%.
JPMorgan Chase & Co. Company Profile
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Free Report)
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.
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