JCIC Asset Management Inc. Has $9.48 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

JCIC Asset Management Inc. lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 70,663 shares of the financial services provider’s stock after selling 2,714 shares during the period. JPMorgan Chase & Co. comprises about 4.7% of JCIC Asset Management Inc.’s portfolio, making the stock its 5th biggest position. JCIC Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $9,476,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Premier Asset Management LLC grew its stake in JPMorgan Chase & Co. by 1.7% in the third quarter. Premier Asset Management LLC now owns 4,635 shares of the financial services provider’s stock valued at $484,000 after acquiring an additional 77 shares during the period. Trellis Advisors LLC increased its stake in JPMorgan Chase & Co. by 2.8% during the 3rd quarter. Trellis Advisors LLC now owns 2,897 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 79 shares in the last quarter. Karpas Strategies LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.4% in the third quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock valued at $2,251,000 after buying an additional 80 shares in the last quarter. Wulff Hansen & CO. grew its holdings in shares of JPMorgan Chase & Co. by 0.5% during the third quarter. Wulff Hansen & CO. now owns 14,665 shares of the financial services provider’s stock valued at $1,532,000 after buying an additional 80 shares during the last quarter. Finally, Commons Capital LLC increased its position in shares of JPMorgan Chase & Co. by 0.8% during the third quarter. Commons Capital LLC now owns 10,465 shares of the financial services provider’s stock worth $1,094,000 after acquiring an additional 82 shares in the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 4,399 shares of the stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total transaction of $617,267.68. Following the sale, the insider now owns 36,369 shares in the company, valued at $5,103,298.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Vice Chairman Peter Scher sold 4,399 shares of the company’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total transaction of $617,267.68. Following the sale, the insider now directly owns 36,369 shares in the company, valued at $5,103,298.08. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mellody L. Hobson acquired 375 shares of the business’s stock in a transaction dated Thursday, January 19th. The stock was purchased at an average price of $134.53 per share, with a total value of $50,448.75. Following the completion of the transaction, the director now directly owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 37,887 shares of company stock valued at $5,315,762. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Down 3.8 %

Shares of NYSE JPM opened at $125.81 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $370.30 billion, a PE ratio of 10.41, a P/E/G ratio of 1.99 and a beta of 1.12. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $144.34. The business’s fifty day moving average price is $139.06 and its 200-day moving average price is $129.31.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, beating the consensus estimate of $3.11 by $0.46. The business had revenue of $34.55 billion for the quarter, compared to the consensus estimate of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The company’s revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.33 earnings per share. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 12.9 EPS for the current year.

Wall Street Analyst Weigh In

JPM has been the subject of a number of analyst reports. UBS Group set a $156.00 price target on JPMorgan Chase & Co. in a research note on Friday, January 13th. Wells Fargo & Company upgraded JPMorgan Chase & Co. from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $148.00 to $155.00 in a report on Monday, March 13th. StockNews.com initiated coverage on JPMorgan Chase & Co. in a research note on Thursday. They set a “hold” rating on the stock. Barclays upped their target price on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. Finally, Piper Sandler boosted their price target on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a report on Tuesday, January 17th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $150.78.

JPMorgan Chase & Co. Profile

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JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.