First Heartland Consultants Inc. Reduces Position in JPMorgan Chase & Co. (JPM)

First Heartland Consultants Inc. trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 12.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,298 shares of the financial services provider’s stock after selling 480 shares during the period. First Heartland Consultants Inc.’s holdings in JPMorgan Chase & Co. were worth $372,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Arthur M. Cohen & Associates LLC grew its holdings in JPMorgan Chase & Co. by 6.7% in the 2nd quarter. Arthur M. Cohen & Associates LLC now owns 7,018 shares of the financial services provider’s stock valued at $732,000 after buying an additional 440 shares in the last quarter. Youngs Advisory Group Inc. grew its holdings in JPMorgan Chase & Co. by 12.2% in the 3rd quarter. Youngs Advisory Group Inc. now owns 4,243 shares of the financial services provider’s stock valued at $479,000 after buying an additional 460 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in JPMorgan Chase & Co. by 8.7% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,830 shares of the financial services provider’s stock valued at $658,000 after buying an additional 467 shares in the last quarter. Palisade Asset Management LLC grew its holdings in JPMorgan Chase & Co. by 5.0% in the 3rd quarter. Palisade Asset Management LLC now owns 9,941 shares of the financial services provider’s stock valued at $1,122,000 after buying an additional 473 shares in the last quarter. Finally, Mcmillion Capital Management Inc. grew its holdings in JPMorgan Chase & Co. by 1.1% in the 3rd quarter. Mcmillion Capital Management Inc. now owns 43,338 shares of the financial services provider’s stock valued at $4,890,000 after buying an additional 473 shares in the last quarter. Hedge funds and other institutional investors own 69.08% of the company’s stock.

In related news, insider Ashley Bacon sold 5,831 shares of the stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $102.78, for a total transaction of $599,310.18. Following the transaction, the insider now owns 98,838 shares of the company’s stock, valued at approximately $10,158,569.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Stacey Friedman sold 3,022 shares of the stock in a transaction dated Tuesday, January 29th. The stock was sold at an average price of $105.00, for a total value of $317,310.00. Following the transaction, the general counsel now directly owns 12,519 shares in the company, valued at approximately $1,314,495. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,191 shares of company stock worth $4,102,110. 0.73% of the stock is owned by corporate insiders.

Shares of JPMorgan Chase & Co. stock opened at $105.34 on Friday. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $119.24. The firm has a market capitalization of $358.26 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 1.60 and a beta of 1.12. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, January 15th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.20 by ($0.22). JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. The firm had revenue of $26.10 billion for the quarter, compared to analyst estimates of $26.69 billion. During the same period in the previous year, the company posted $1.76 EPS. JPMorgan Chase & Co.’s revenue was up 8.1% on a year-over-year basis. Equities analysts forecast that JPMorgan Chase & Co. will post 9.73 earnings per share for the current fiscal year.

JPM has been the subject of several analyst reports. Barclays upped their target price on JPMorgan Chase & Co. from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, January 2nd. Wells Fargo & Co restated a “buy jpm” rating on shares of JPMorgan Chase & Co. in a report on Thursday, December 20th. Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Monday, December 10th. BMO Capital Markets decreased their price target on JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating on the stock in a research note on Thursday, February 28th. Finally, Jefferies Financial Group lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 price target on the stock. in a research note on Tuesday, January 8th. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and a consensus target price of $122.87.

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About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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