JPMorgan Chase (JPM) Holdings Reduced by Strategic Financial Services Inc

Strategic Financial Services Inc lowered its stake in shares of JPMorgan Chase (NYSE:JPM) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,091 shares of the financial services provider’s stock after selling 1,545 shares during the quarter. JPMorgan Chase makes up approximately 1.4% of Strategic Financial Services Inc’s holdings, making the stock its 10th biggest holding. Strategic Financial Services Inc’s holdings in JPMorgan Chase were worth $8,565,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Youngs Advisory Group Inc. lifted its position in JPMorgan Chase by 8.2% during the 4th quarter. Youngs Advisory Group Inc. now owns 6,051 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 460 shares during the period. Foster & Motley Inc. lifted its position in JPMorgan Chase by 0.5% during the 4th quarter. Foster & Motley Inc. now owns 95,423 shares of the financial services provider’s stock valued at $10,205,000 after purchasing an additional 461 shares during the period. Parkside Financial Bank & Trust lifted its position in JPMorgan Chase by 4.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 11,815 shares of the financial services provider’s stock valued at $1,264,000 after purchasing an additional 461 shares during the period. Kistler Tiffany Companies LLC lifted its position in JPMorgan Chase by 2.9% during the 4th quarter. Kistler Tiffany Companies LLC now owns 16,431 shares of the financial services provider’s stock valued at $1,757,000 after purchasing an additional 463 shares during the period. Finally, Meridian Wealth Management LLC lifted its position in JPMorgan Chase by 0.8% during the 4th quarter. Meridian Wealth Management LLC now owns 57,308 shares of the financial services provider’s stock valued at $5,536,000 after purchasing an additional 465 shares during the period. 74.60% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on JPM. Nomura set a $115.00 price target on shares of JPMorgan Chase and gave the company a “neutral” rating in a research report on Friday, January 12th. Argus increased their price target on shares of JPMorgan Chase from $109.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, January 12th. Vining Sparks reiterated a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase in a research report on Friday, January 12th. Deutsche Bank set a $96.00 price target on shares of JPMorgan Chase and gave the company a “neutral” rating in a research report on Tuesday, January 16th. Finally, Bank of America set a $119.00 price target on shares of JPMorgan Chase and gave the company a “buy” rating in a research report on Monday, January 15th. Two 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 presently has an average rating of “Hold” and a consensus price target of $112.75.

In other JPMorgan Chase news, Director Mellody L. Hobson purchased 18,000 shares of the firm’s stock in a transaction dated Monday, April 16th. The stock was bought at an average cost of $111.05 per share, with a total value of $1,998,900.00. Following the purchase, the director now directly owns 864 shares of the company’s stock, valued at $95,947.20. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.73% of the stock is owned by company insiders.

Shares of JPM stock opened at $113.86 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $389.22 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 1.88 and a beta of 1.24. JPMorgan Chase has a 52 week low of $113.67 and a 52 week high of $114.72.

JPMorgan Chase (NYSE:JPM) last announced its earnings results on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, topping the consensus estimate of $2.28 by $0.09. The firm had revenue of $27.90 billion for the quarter, compared to the consensus estimate of $27.73 billion. JPMorgan Chase had a net margin of 22.53% and a return on equity of 12.60%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the company posted $1.65 EPS. analysts forecast that JPMorgan Chase will post 9.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 30th. Stockholders of record on Friday, April 6th were paid a dividend of $0.56 per share. The ex-dividend date was Thursday, April 5th. This represents a $2.24 annualized dividend and a dividend yield of 1.97%. JPMorgan Chase’s dividend payout ratio is currently 32.61%.

About JPMorgan Chase

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.

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

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