Terril Brothers Inc. lowered its position in JPMorgan Chase (NYSE:JPM) by 39.1% during the fourth quarter, HoldingsChannel reports. The firm owned 49,757 shares of the financial services provider’s stock after selling 31,922 shares during the quarter. JPMorgan Chase makes up approximately 1.6% of Terril Brothers Inc.’s holdings, making the stock its 21st largest holding. Terril Brothers Inc.’s holdings in JPMorgan Chase were worth $5,321,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of JPM. Comprehensive Portfolio Management LLC lifted its position in shares of JPMorgan Chase by 22.0% in the fourth quarter. Comprehensive Portfolio Management LLC now owns 9,885 shares of the financial services provider’s stock worth $1,057,000 after buying an additional 1,783 shares during the last quarter. Hudson Capital Management LLC acquired a new stake in shares of JPMorgan Chase in the fourth quarter worth about $1,143,000. Duncker Streett & Co. Inc. lifted its position in shares of JPMorgan Chase by 6.6% in the fourth quarter. Duncker Streett & Co. Inc. now owns 46,112 shares of the financial services provider’s stock worth $4,931,000 after buying an additional 2,848 shares during the last quarter. Hennessy Advisors Inc. lifted its position in shares of JPMorgan Chase by 121.1% in the fourth quarter. Hennessy Advisors Inc. now owns 35,370 shares of the financial services provider’s stock worth $3,782,000 after buying an additional 19,370 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its position in shares of JPMorgan Chase by 0.6% in the fourth quarter. CENTRAL TRUST Co now owns 171,014 shares of the financial services provider’s stock worth $18,288,000 after buying an additional 1,010 shares during the last quarter. Hedge funds and other institutional investors own 74.50% of the company’s stock.
In other JPMorgan Chase news, insider Peter Scher sold 26,532 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $113.42, for a total value of $3,009,259.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ashley Bacon sold 16,434 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total value of $1,844,223.48. Following the completion of the transaction, the insider now directly owns 98,811 shares of the company’s stock, valued at approximately $11,088,570.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 152,047 shares of company stock valued at $17,098,115. Insiders own 0.88% of the company’s stock.
A number of analysts have weighed in on JPM shares. Buckingham Research raised JPMorgan Chase from a “neutral” rating to a “buy” rating in a research report on Thursday, December 21st. Wells Fargo set a $120.00 price target on JPMorgan Chase and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Credit Suisse Group raised JPMorgan Chase to a “buy” rating and set a $120.00 price target for the company in a research report on Friday, January 5th. Vining Sparks reaffirmed a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase in a research report on Friday, January 12th. Finally, Argus boosted their price target on JPMorgan Chase from $109.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $112.58.
JPMorgan Chase stock opened at $109.09 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $383,967.56, a price-to-earnings ratio of 15.88, a PEG ratio of 1.89 and a beta of 1.24. JPMorgan Chase has a 12 month low of $81.64 and a 12 month high of $119.33.
JPMorgan Chase (NYSE:JPM) last posted its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.69 by $0.07. The firm had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase had a return on equity of 11.63% and a net margin of 21.46%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.71 EPS. analysts expect that JPMorgan Chase will post 8.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 6th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $2.24 annualized dividend and a yield of 2.05%. JPMorgan Chase’s dividend payout ratio (DPR) is 32.61%.
TRADEMARK VIOLATION WARNING: This article was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/04/08/terril-brothers-inc-sells-31922-shares-of-jpmorgan-chase-jpm.html.
JPMorgan Chase Company Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase (NYSE:JPM).
Receive News & Ratings for JPMorgan Chase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase and related companies with MarketBeat.com's FREE daily email newsletter.