Financial Connections Group Inc. Has $178,000 Stake in JPMorgan Chase & Co. (NYSE:JPM)

Financial Connections Group Inc. trimmed its stake in JPMorgan Chase & Co. (NYSE:JPMFree Report) by 7.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,231 shares of the financial services provider’s stock after selling 101 shares during the period. Financial Connections Group Inc.’s holdings in JPMorgan Chase & Co. were worth $178,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich grew its position in JPMorgan Chase & Co. by 97,681.8% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,056,747,063 shares of the financial services provider’s stock worth $299,133,293,000 after purchasing an additional 2,054,643,659 shares during the last quarter. State Street Corp boosted its position in shares of JPMorgan Chase & Co. by 1.9% during the 2nd quarter. State Street Corp now owns 126,243,947 shares of the financial services provider’s stock valued at $18,360,920,000 after acquiring an additional 2,384,901 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 105,652.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after acquiring an additional 97,907,897 shares in the last quarter. Morgan Stanley boosted its position in shares of JPMorgan Chase & Co. by 15.9% during the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after acquiring an additional 8,088,433 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 53,367,497 shares of the financial services provider’s stock valued at $7,740,212,000 after acquiring an additional 1,057,041 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Vice Chairman Peter Scher sold 1,812 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total transaction of $301,969.80. Following the completion of the sale, the insider now directly owns 46,766 shares of the company’s stock, valued at $7,793,553.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other JPMorgan Chase & Co. news, CEO Marianne Lake sold 32,243 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total value of $5,158,880.00. Following the completion of the sale, the chief executive officer now owns 131,962 shares of the company’s stock, valued at $21,113,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Peter Scher sold 1,812 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total transaction of $301,969.80. Following the completion of the sale, the insider now directly owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The disclosure for this sale can be found here. Insiders sold a total of 39,072 shares of company stock valued at $6,297,103 over the last ninety days. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Down 1.1 %

Shares of NYSE JPM opened at $174.36 on Thursday. JPMorgan Chase & Co. has a 1-year low of $123.11 and a 1-year high of $178.30. The company has a market cap of $501.57 billion, a PE ratio of 10.75, a P/E/G ratio of 2.19 and a beta of 1.13. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.30. The company has a 50-day moving average of $165.81 and a two-hundred day moving average of $154.35.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The company had revenue of $38.57 billion during the quarter, compared to the consensus estimate of $39.73 billion. During the same period in the prior year, the firm posted $3.57 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. As a group, equities analysts expect that JPMorgan Chase & Co. will post 15.74 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Thursday, January 4th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.89%.

Analyst Upgrades and Downgrades

JPM has been the topic of several recent research reports. BMO Capital Markets lifted their target price on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a research report on Tuesday, January 16th. Morgan Stanley lifted their target price on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research report on Tuesday. Evercore ISI lifted their target price on shares of JPMorgan Chase & Co. from $158.00 to $167.00 in a research report on Thursday, October 5th. Oppenheimer lifted their target price on shares of JPMorgan Chase & Co. from $232.00 to $238.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Odeon Capital Group lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a research report on Thursday, November 2nd. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $179.11.

Check Out Our Latest Stock Report on JPM

JPMorgan Chase & Co. Profile

(Free Report)

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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.

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

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