JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Richard P Slaughter Associates Inc

Richard P Slaughter Associates Inc decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,873 shares of the financial services provider’s stock after selling 248 shares during the quarter. Richard P Slaughter Associates Inc’s holdings in JPMorgan Chase & Co. were worth $1,324,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Premier Asset Management LLC lifted its position 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 purchasing an additional 77 shares during the period. Trellis Advisors LLC increased its stake in shares of 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 worth $302,000 after purchasing an additional 79 shares in the last quarter. Karpas Strategies LLC increased its stake in shares of JPMorgan Chase & Co. by 0.4% during the 3rd quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock worth $2,251,000 after purchasing an additional 80 shares in the last quarter. Wulff Hansen & CO. increased its stake in shares of JPMorgan Chase & Co. by 0.5% during the 3rd quarter. Wulff Hansen & CO. now owns 14,665 shares of the financial services provider’s stock worth $1,532,000 after purchasing an additional 80 shares in the last quarter. Finally, Commons Capital LLC increased its stake in shares of JPMorgan Chase & Co. by 0.8% during the 3rd quarter. Commons Capital LLC now owns 10,465 shares of the financial services provider’s stock worth $1,094,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $125.81 on Friday. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $144.34. The company has a market capitalization of $370.30 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 2.09 and a beta of 1.12. 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 firm’s fifty day moving average price is $139.06 and its 200 day moving average price is $129.21.

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

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Mellody L. Hobson bought 375 shares of the company’s stock in a transaction dated Thursday, January 19th. The stock was bought at an average price of $134.53 per share, with a total value of $50,448.75. Following the transaction, the director now owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In related news, Vice Chairman Peter Scher sold 4,399 shares of the business’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total transaction of $617,267.68. Following the completion of the sale, the insider now owns 36,369 shares of the company’s stock, valued at approximately $5,103,298.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mellody L. Hobson acquired 375 shares of the stock in a transaction that occurred on Thursday, January 19th. The shares were acquired at an average cost of $134.53 per share, with a total value of $50,448.75. Following the transaction, the director now owns 22,040 shares in the company, valued at $2,965,041.20. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 37,887 shares of company stock valued at $5,315,762. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on JPM shares. StockNews.com started coverage on shares of JPMorgan Chase & Co. in a research note on Thursday. They issued a “hold” rating for the company. Royal Bank of Canada set a $130.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, January 13th. Oppenheimer lifted their price target on shares of JPMorgan Chase & Co. from $177.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, February 2nd. Morgan Stanley lifted their price target on shares of JPMorgan Chase & Co. from $167.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, February 24th. Finally, UBS Group set a $156.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, January 13th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.