Inspirion Wealth Advisors LLC Decreases Stake in JPMorgan Chase & Co. $JPM

Inspirion Wealth Advisors LLC lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 35.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,914 shares of the financial services provider’s stock after selling 1,623 shares during the period. Inspirion Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $919,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. PPS&V Asset Management Consultants Inc. increased its holdings in JPMorgan Chase & Co. by 8.2% in the third quarter. PPS&V Asset Management Consultants Inc. now owns 1,549 shares of the financial services provider’s stock valued at $489,000 after buying an additional 117 shares during the last quarter. Strathmore Capital Advisors Inc. boosted its position in shares of JPMorgan Chase & Co. by 7.8% during the 3rd quarter. Strathmore Capital Advisors Inc. now owns 3,174 shares of the financial services provider’s stock worth $1,001,000 after acquiring an additional 230 shares in the last quarter. Nilsine Partners LLC increased its holdings in shares of JPMorgan Chase & Co. by 5.7% in the 3rd quarter. Nilsine Partners LLC now owns 34,114 shares of the financial services provider’s stock valued at $10,761,000 after acquiring an additional 1,839 shares during the last quarter. Cambridge Financial Group LLC raised its position in shares of JPMorgan Chase & Co. by 9.4% during the 3rd quarter. Cambridge Financial Group LLC now owns 1,624 shares of the financial services provider’s stock worth $512,000 after acquiring an additional 140 shares in the last quarter. Finally, KFA Private Wealth Group LLC lifted its stake in JPMorgan Chase & Co. by 11.2% during the third quarter. KFA Private Wealth Group LLC now owns 3,444 shares of the financial services provider’s stock worth $1,086,000 after purchasing an additional 346 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $314.90 on Thursday. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $322.88. The stock has a market capitalization of $857.23 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 1.63 and a beta of 1.08. The company has a 50-day simple moving average of $307.36 and a 200-day simple moving average of $297.74. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 0.86.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. The firm had revenue of $47.12 billion for the quarter, compared to analyst estimates of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The business’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company posted $4.37 earnings per share. On average, analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Tuesday, January 6th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. JPMorgan Chase & Co.’s payout ratio is presently 29.72%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays increased their price target on shares of JPMorgan Chase & Co. from $330.00 to $342.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Wall Street Zen raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. KGI Securities upped their price objective on shares of JPMorgan Chase & Co. from $300.00 to $315.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft lifted their target price on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock a “hold” rating in a research report on Tuesday, September 30th. Finally, Zacks Research downgraded JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Fifteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Hold” and an average target price of $327.48.

Insider Activity

In other news, insider Robin Leopold sold 966 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $311.92, for a total transaction of $301,314.72. Following the completion of the sale, the insider owned 58,479 shares in the company, valued at $18,240,769.68. This represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.