Advisory Services Network LLC Sells 2,341 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Advisory Services Network LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 123,260 shares of the financial services provider’s stock after selling 2,341 shares during the quarter. JPMorgan Chase & Co. accounts for 0.5% of Advisory Services Network LLC’s holdings, making the stock its 25th biggest holding. Advisory Services Network LLC’s holdings in JPMorgan Chase & Co. were worth $20,967,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $6,016,878,000. International Assets Investment Management LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth $1,017,893,000. Wellington Management Group LLP boosted its holdings in shares of JPMorgan Chase & Co. by 12.2% in the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after purchasing an additional 4,603,090 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $253,076,000. Finally, Cerity Partners LLC increased its stake in shares of JPMorgan Chase & Co. by 155.2% in the 4th quarter. Cerity Partners LLC now owns 2,246,582 shares of the financial services provider’s stock valued at $382,144,000 after purchasing an additional 1,366,360 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 3,000 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $198.86, for a total transaction of $596,580.00. Following the transaction, the insider now owns 44,113 shares in the company, valued at approximately $8,772,311.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Robin Leopold sold 3,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $198.86, for a total value of $596,580.00. Following the completion of the sale, the insider now directly owns 44,113 shares of the company’s stock, valued at approximately $8,772,311.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lori A. Beer sold 3,920 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the transaction, the insider now owns 64,783 shares in the company, valued at approximately $12,656,006.88. The disclosure for this sale can be found here. Insiders sold a total of 249,399 shares of company stock valued at $46,713,667 in the last quarter. 0.79% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on JPM shares. Wells Fargo & Company raised their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Evercore ISI raised their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 21st. Oppenheimer cut their target price on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $194.10.

JPMorgan Chase & Co. Trading Up 1.9 %

JPM stock traded up $3.79 during midday trading on Friday, hitting $200.71. The stock had a trading volume of 7,356,233 shares, compared to its average volume of 8,712,340. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The firm has a market cap of $576.37 billion, a P/E ratio of 12.12, a price-to-earnings-growth ratio of 2.72 and a beta of 1.13. The business has a fifty day moving average price of $194.71 and a two-hundred day moving average price of $178.29. JPMorgan Chase & Co. has a 1-year low of $134.40 and a 1-year high of $205.88.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The company had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 16.32 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is 27.78%.

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.