JPMorgan Chase & Co. (JPM) Shares Sold by Goodwin Daniel L

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Goodwin Daniel L trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 65.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 26,550 shares of the financial services provider’s stock after selling 50,000 shares during the period. JPMorgan Chase & Co. comprises 1.4% of Goodwin Daniel L’s investment portfolio, making the stock its 8th biggest holding. Goodwin Daniel L’s holdings in JPMorgan Chase & Co. were worth $2,592,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in JPM. TRUE Private Wealth Advisors grew its holdings 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 purchasing an additional 1,269 shares in the last quarter. MinichMacGregor Wealth Management LLC grew its holdings 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 purchasing an additional 33,870 shares in the last quarter. Meridian Financial Partners LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $237,000. CMH Wealth Management LLC grew its holdings 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 purchasing an additional 22,915 shares in the last quarter. Finally, Curbstone Financial Management Corp grew its holdings 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 purchasing an additional 350 shares in the last quarter. 69.89% of the stock is currently owned by institutional investors and hedge funds.

JPM has been the subject of a number of research reports. Jefferies Financial Group cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 price objective for the company. in a report on Tuesday, January 8th. BMO Capital Markets dropped their price objective on shares of JPMorgan Chase & Co. from $124.00 to $123.00 and set a “market perform” rating for the company in a report on Wednesday, January 16th. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. Barclays restated a “buy” rating and issued a $140.00 price objective on shares of JPMorgan Chase & Co. in a report on Thursday, February 21st. Finally, Morgan Stanley lifted their price objective on shares of JPMorgan Chase & Co. from $124.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $123.05.

NYSE JPM opened at $113.60 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $119.24. The company has a market cap of $389.39 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 1.62 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, April 12th. The financial services provider reported $2.65 EPS for the quarter, topping the consensus estimate of $2.32 by $0.33. JPMorgan Chase & Co. had a net margin of 24.28% and a return on equity of 14.23%. The company had revenue of $29.12 billion during the quarter, compared to analysts’ expectations of $27.95 billion. During the same quarter in the previous year, the business posted $2.37 EPS. As a group, research analysts expect that JPMorgan Chase & Co. will post 10 EPS for the current fiscal year.

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

In related news, Director James S. Crown acquired 5,000 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, February 5th. The stock was acquired at an average price of $103.79 per share, for a total transaction of $518,950.00. Following the transaction, the director now owns 311,447 shares of the company’s stock, valued at $32,325,084.13. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mellody L. Hobson acquired 1,700 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, April 18th. The shares were bought at an average price of $114.26 per share, with a total value of $194,242.00. Following the transaction, the director now directly owns 7,485 shares in the company, valued at approximately $855,236.10. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 24,700 shares of company stock valued at $2,711,552 and have sold 190,933 shares valued at $20,796,254. Insiders own 0.76% of the company’s stock.

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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.

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

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