JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Blue Barn Wealth LLC

Blue Barn Wealth LLC decreased its holdings in JPMorgan Chase & Co. (NYSE:JPMFree Report) by 27.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,254 shares of the financial services provider’s stock after selling 477 shares during the quarter. Blue Barn Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $213,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Stone House Investment Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 132.8% during the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after buying an additional 89 shares during the period. Macroview Investment Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 7,833.3% during the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after buying an additional 235 shares during the period. Bare Financial Services Inc acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $35,000. Briaud Financial Planning Inc acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $40,000. Finally, Stuart Chaussee & Associates Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 3,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $198.86, for a total value of $596,580.00. Following the sale, the insider now owns 44,113 shares of the company’s stock, valued at $8,772,311.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other JPMorgan Chase & Co. news, insider Robin Leopold sold 3,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $198.86, for a total transaction of $596,580.00. Following the sale, the insider now directly owns 44,113 shares of the company’s stock, valued at $8,772,311.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Peter Scher sold 1,810 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $323,917.60. Following the sale, the insider now directly owns 44,956 shares in the company, valued at $8,045,325.76. The disclosure for this sale can be found here. Insiders have sold a total of 1,066,506 shares of company stock valued at $195,621,185 over the last quarter. 0.79% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on JPM shares. BMO Capital Markets reduced their price objective on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research note on Monday, April 15th. Morgan Stanley reduced their price objective on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Wells Fargo & Company lifted their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. UBS Group cut their target price on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Finally, Evercore ISI boosted their target price on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $192.05.

Get Our Latest Report on JPM

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $198.77 on Friday. The firm’s 50-day moving average is $192.47 and its 200-day moving average is $173.89. JPMorgan Chase & Co. has a 52-week low of $133.13 and a 52-week high of $200.94. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $570.80 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 2.44 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The business had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. Equities research analysts anticipate that JPMorgan Chase & Co. will post 16.21 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were paid a $1.15 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.31%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

JPMorgan Chase & Co. Company 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; 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.

Read More

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.