JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 24.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,908 shares of the financial services provider’s stock after selling 5,522 shares during the period. Arete Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,146,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AMI Asset Management Corp lifted its stake in shares of JPMorgan Chase & Co. by 1.7% in the 4th quarter. AMI Asset Management Corp now owns 4,487 shares of the financial services provider’s stock worth $570,000 after acquiring an additional 74 shares during the period. Axiom Financial Strategies LLC raised its holdings in JPMorgan Chase & Co. by 0.9% during the fourth quarter. Axiom Financial Strategies LLC now owns 8,412 shares of the financial services provider’s stock worth $1,069,000 after purchasing an additional 76 shares in the last quarter. Outlook Wealth Advisors LLC lifted its position in JPMorgan Chase & Co. by 1.6% in the fourth quarter. Outlook Wealth Advisors LLC now owns 4,764 shares of the financial services provider’s stock valued at $605,000 after purchasing an additional 77 shares during the period. Summit Financial Strategies Inc. boosted its holdings in JPMorgan Chase & Co. by 1.3% in the 4th quarter. Summit Financial Strategies Inc. now owns 5,796 shares of the financial services provider’s stock valued at $736,000 after purchasing an additional 77 shares in the last quarter. Finally, Arbor Investment Advisors LLC increased its position in JPMorgan Chase & Co. by 1.8% during the 4th quarter. Arbor Investment Advisors LLC now owns 4,692 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 81 shares during the period. 69.02% of the stock is owned by hedge funds and other institutional investors.

NYSE:JPM opened at $149.41 on Tuesday. JPMorgan Chase & Co. has a 12-month low of $76.91 and a 12-month high of $150.19. The firm has a market cap of $455.43 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. The company’s 50-day moving average is $137.02 and its two-hundred day moving average is $114.93. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Thursday, January 14th. The financial services provider reported $3.79 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $1.17. The business had revenue of $29.22 billion during the quarter, compared to analyst estimates of $28.74 billion. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.57 earnings per share. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 7.83 earnings per share for the current fiscal year.

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

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

A number of research firms recently weighed in on JPM. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $135.00 price target on the stock. in a research note on Monday, February 1st. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $135.00 to $150.00 and gave the stock a “market perform” rating in a research report on Monday, January 18th. Deutsche Bank Aktiengesellschaft upped their price target on shares of JPMorgan Chase & Co. from $120.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, January 6th. Barclays raised their price objective on shares of JPMorgan Chase & Co. from $164.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, January 19th. Finally, DA Davidson upped their target price 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $129.16.

JPMorgan Chase & Co. Company 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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