Brooks Moore & Associates Inc. Sells 399 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Brooks Moore & Associates Inc. trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,227 shares of the financial services provider’s stock after selling 399 shares during the quarter. JPMorgan Chase & Co. makes up 1.9% of Brooks Moore & Associates Inc.’s holdings, making the stock its 19th largest position. Brooks Moore & Associates Inc.’s holdings in JPMorgan Chase & Co. were worth $2,443,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Point View Wealth Management Inc. increased its holdings in shares of JPMorgan Chase & Co. by 2.8% during the 4th quarter. Point View Wealth Management Inc. now owns 20,338 shares of the financial services provider’s stock worth $2,584,000 after acquiring an additional 559 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of JPMorgan Chase & Co. by 1.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,753,280 shares of the financial services provider’s stock valued at $222,789,000 after purchasing an additional 23,411 shares during the last quarter. Foster Victor Wealth Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 12.4% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 4,978 shares of the financial services provider’s stock valued at $633,000 after purchasing an additional 549 shares during the period. FMR LLC lifted its stake in shares of JPMorgan Chase & Co. by 4.6% during the 4th quarter. FMR LLC now owns 38,458,423 shares of the financial services provider’s stock worth $4,886,911,000 after buying an additional 1,691,888 shares during the last quarter. Finally, Sage Financial Management Group Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $82,000. 69.02% of the stock is currently owned by institutional investors.

In other news, CEO Douglas B. Petno sold 22,011 shares of the firm’s stock in a transaction that occurred on Friday, January 29th. The shares were sold at an average price of $129.84, for a total value of $2,857,908.24. Company insiders own 0.78% of the company’s stock.

Several equities research analysts have issued reports on JPM shares. DA Davidson raised their price objective on shares of JPMorgan Chase & Co. from $147.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, January 19th. Bank of America raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Wednesday, January 13th. Independent Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a report on Thursday, December 3rd. Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “underweight” rating in a research report on Monday, November 30th. Finally, Royal Bank of Canada boosted their target price on shares of JPMorgan Chase & Co. from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, January 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $129.16.

NYSE JPM opened at $149.41 on Tuesday. The business has a fifty day moving average price of $137.02 and a two-hundred day moving average price of $114.93. The stock has a market capitalization of $455.43 billion, a PE ratio of 19.53, a PEG ratio of 2.87 and a beta of 1.23. JPMorgan Chase & Co. has a fifty-two week low of $76.91 and a fifty-two week high of $150.19. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.88 and a quick ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Thursday, January 14th. The financial services provider reported $3.79 earnings per share for the quarter, topping the consensus estimate of $2.62 by $1.17. The business had revenue of $29.22 billion during the quarter, compared to the consensus estimate of $28.74 billion. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. JPMorgan Chase & Co.’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.57 EPS. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 7.83 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Sunday, January 31st. Stockholders of record on Wednesday, January 6th were issued a $0.90 dividend. The ex-dividend date was Tuesday, January 5th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.41%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 34.35%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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