McKinley Carter Wealth Services Inc. Sells 1,328 Shares of JPMorgan Chase (JPM)

McKinley Carter Wealth Services Inc. cut its position in shares of JPMorgan Chase (NYSE:JPM) by 12.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,144 shares of the financial services provider’s stock after selling 1,328 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in JPMorgan Chase were worth $978,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Savant Capital LLC raised its stake in shares of JPMorgan Chase by 20.6% during the 4th quarter. Savant Capital LLC now owns 28,935 shares of the financial services provider’s stock worth $3,094,000 after purchasing an additional 4,940 shares in the last quarter. JFS Wealth Advisors LLC raised its stake in shares of JPMorgan Chase by 39.1% during the 4th quarter. JFS Wealth Advisors LLC now owns 10,095 shares of the financial services provider’s stock worth $1,080,000 after purchasing an additional 2,838 shares in the last quarter. Wright Investors Service Inc. raised its stake in shares of JPMorgan Chase by 12.4% during the 4th quarter. Wright Investors Service Inc. now owns 65,303 shares of the financial services provider’s stock worth $6,983,000 after purchasing an additional 7,197 shares in the last quarter. DT Investment Partners LLC raised its stake in shares of JPMorgan Chase by 25.4% during the 4th quarter. DT Investment Partners LLC now owns 4,381 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 886 shares in the last quarter. Finally, Garrison Financial Corp purchased a new stake in shares of JPMorgan Chase during the 4th quarter worth about $214,000. 74.53% of the stock is owned by institutional investors.

In other news, Director Mellody L. Hobson acquired 18,000 shares of the firm’s stock in a transaction dated Monday, April 16th. The shares were bought at an average price of $111.05 per share, with a total value of $1,998,900.00. Following the acquisition, the director now owns 864 shares of the company’s stock, valued at $95,947.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.73% of the stock is currently owned by company insiders.

JPM has been the topic of a number of recent analyst reports. Vining Sparks reissued a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase in a research note on Friday, January 12th. Argus raised their price objective on JPMorgan Chase from $109.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Credit Suisse Group raised JPMorgan Chase to a “buy” rating and set a $120.00 price objective on the stock in a research note on Friday, January 5th. UBS reissued a “buy” rating and issued a $125.00 price objective (up from $119.00) on shares of JPMorgan Chase in a research note on Tuesday, January 16th. Finally, Bank of America set a $119.00 price objective on JPMorgan Chase and gave the company a “buy” rating in a research note on Monday, January 15th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $112.80.

JPM opened at $110.10 on Friday. The company has a market capitalization of $378,922.59, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 1.86 and a beta of 1.24. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19. JPMorgan Chase has a 12-month low of $81.64 and a 12-month high of $119.33.

JPMorgan Chase (NYSE:JPM) last announced its quarterly earnings data on Friday, April 13th. The financial services provider reported $2.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.09. JPMorgan Chase had a return on equity of 12.60% and a net margin of 22.53%. The company had revenue of $27.90 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same quarter last year, the firm earned $1.65 EPS. JPMorgan Chase’s revenue for the quarter was up 12.0% compared to the same quarter last year. research analysts expect that JPMorgan Chase will post 8.9 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 6th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, April 5th. JPMorgan Chase’s payout ratio is presently 32.61%.

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.

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

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