James Investment Research Inc. Sells 131,877 Shares of JPMorgan Chase & Co. (JPM)

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James Investment Research Inc. cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 31.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 284,055 shares of the financial services provider’s stock after selling 131,877 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.7% of James Investment Research Inc.’s portfolio, making the stock its 6th biggest holding. James Investment Research Inc.’s holdings in JPMorgan Chase & Co. were worth $27,730,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. TRUE Private Wealth Advisors lifted its position in shares of JPMorgan Chase & Co. by 5.9% in the fourth quarter. TRUE Private Wealth Advisors now owns 22,773 shares of the financial services provider’s stock valued at $2,223,000 after buying an additional 1,269 shares during the last quarter. MinichMacGregor Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 2,115.6% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 35,471 shares of the financial services provider’s stock valued at $3,388,000 after buying an additional 33,870 shares during the last quarter. Meridian Financial Partners LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $237,000. CMH Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 1,066.8% in the fourth quarter. CMH Wealth Management LLC now owns 25,063 shares of the financial services provider’s stock valued at $2,447,000 after buying an additional 22,915 shares during the last quarter. Finally, Curbstone Financial Management Corp lifted its position in shares of JPMorgan Chase & Co. by 1.4% in the fourth quarter. Curbstone Financial Management Corp now owns 25,788 shares of the financial services provider’s stock valued at $2,517,000 after buying an additional 350 shares during the last quarter. Institutional investors and hedge funds own 69.89% of the company’s stock.

In other news, Director James S. Crown bought 5,000 shares of the stock in a transaction dated Tuesday, February 5th. The shares were bought at an average price of $103.79 per share, for a total transaction of $518,950.00. Following the completion of the purchase, the director now owns 311,447 shares in the company, valued at $32,325,084.13. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Marianne Lake sold 115,415 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $109.75, for a total value of $12,666,796.25. The disclosure for this sale can be found here. In the last quarter, insiders have bought 24,700 shares of company stock worth $2,711,552 and have sold 190,933 shares worth $20,796,254. 0.73% of the stock is currently owned by company insiders.

Shares of NYSE JPM opened at $113.46 on Friday. The company has a market cap of $389.39 billion, a PE ratio of 12.61, a PEG ratio of 1.60 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.00 and a current ratio of 1.00. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.33. The company had revenue of $29.12 billion for the quarter, compared to analyst estimates 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 quarter last year, the company earned $2.37 earnings per share. Equities research analysts predict that JPMorgan Chase & Co. will post 9.8 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be paid a dividend of $0.80 per share. The ex-dividend date is Thursday, April 4th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.82%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 35.56%.

JPM has been the subject of a number of recent analyst reports. Barclays reaffirmed a “buy” rating and issued a $140.00 price objective on shares of JPMorgan Chase & Co. in a research report on Thursday, February 21st. ValuEngine raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Monday, December 31st. Jefferies Financial Group cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 price objective for the company. in a research report on Tuesday, January 8th. Finally, Daiwa Capital Markets cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Friday, February 8th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $123.05.

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JPMorgan Chase & Co. 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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