Measured Wealth Private Client Group LLC Sells 855 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Measured Wealth Private Client Group LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 19.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,585 shares of the financial services provider’s stock after selling 855 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in JPMorgan Chase & Co. were worth $500,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Northstar Wealth Partners LLC lifted its position in shares of JPMorgan Chase & Co. by 6.5% during the second quarter. Northstar Wealth Partners LLC now owns 14,004 shares of the financial services provider’s stock worth $1,566,000 after purchasing an additional 860 shares during the last quarter. TIAA FSB lifted its position in shares of JPMorgan Chase & Co. by 2.0% during the third quarter. TIAA FSB now owns 633,467 shares of the financial services provider’s stock worth $74,553,000 after purchasing an additional 12,486 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of JPMorgan Chase & Co. by 1.2% during the third quarter. Commonwealth Equity Services LLC now owns 1,069,799 shares of the financial services provider’s stock worth $125,904,000 after purchasing an additional 12,253 shares during the last quarter. United Bank lifted its position in shares of JPMorgan Chase & Co. by 1.0% during the second quarter. United Bank now owns 30,398 shares of the financial services provider’s stock worth $3,398,000 after purchasing an additional 287 shares during the last quarter. Finally, WealthPLAN Partners LLC lifted its position in shares of JPMorgan Chase & Co. by 6.7% during the third quarter. WealthPLAN Partners LLC now owns 95,876 shares of the financial services provider’s stock worth $12,318,000 after purchasing an additional 6,041 shares during the last quarter. Institutional investors own 72.05% of the company’s stock.

In other JPMorgan Chase & Co. news, EVP Peter Scher sold 21,949 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $137.11, for a total value of $3,009,427.39. Following the transaction, the executive vice president now owns 26,525 shares in the company, valued at $3,636,842.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mellody L. Hobson bought 16,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was bought at an average price of $124.65 per share, for a total transaction of $1,994,400.00. Following the purchase, the director now directly owns 8,186 shares of the company’s stock, valued at $1,020,384.90. The disclosure for this purchase can be found here. Insiders sold 121,172 shares of company stock worth $16,158,032 in the last quarter. 0.76% of the stock is owned by insiders.

Shares of JPMorgan Chase & Co. stock opened at $136.72 on Thursday. The firm has a market cap of $435.34 billion, a P/E ratio of 13.05, a P/E/G ratio of 1.89 and a beta of 1.24. The company has a current ratio of 0.92, a quick ratio of 0.93 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12 month low of $98.09 and a 12 month high of $141.10. The stock’s fifty day moving average price is $136.35 and its 200-day moving average price is $121.98.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.25. JPMorgan Chase & Co. had a return on equity of 15.19% and a net margin of 25.49%. The company had revenue of $28.30 billion for the quarter, compared to analyst estimates of $27.69 billion. During the same quarter in the previous year, the firm earned $1.98 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. Analysts forecast that JPMorgan Chase & Co. will post 10.5 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a $0.90 dividend. The ex-dividend date is Friday, January 3rd. This represents a $3.60 annualized dividend and a yield of 2.63%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.

Several analysts have recently weighed in on JPM shares. Wolfe Research downgraded JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 6th. Citigroup raised their price target on JPMorgan Chase & Co. from $116.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. DA Davidson initiated coverage on JPMorgan Chase & Co. in a research note on Wednesday, January 8th. They set a “neutral” rating and a $140.00 price target on the stock. Robert W. Baird raised their price target on JPMorgan Chase & Co. from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and set a $135.00 price target on the stock. in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $135.29.

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.

Read More: What Does a Sell-Side Analyst Rating Mean?

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

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