Tandem Investment Advisors Inc. Reduces Stock Position in JPMorgan Chase & Co. (NYSE:JPM)


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Tandem Investment Advisors Inc. cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 7.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,212 shares of the financial services provider’s stock after selling 263 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $408,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of JPM. Provident Wealth Management LLC purchased a new position in JPMorgan Chase & Co. in the third quarter valued at about $34,000. Marshall & Sullivan Inc. WA acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $43,000. Stuart Chaussee & Associates Inc. grew its position in shares of JPMorgan Chase & Co. by 25.9% in the third quarter. Stuart Chaussee & Associates Inc. now owns 466 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 96 shares during the last quarter. Eukles Asset Management grew its position in shares of JPMorgan Chase & Co. by 28.7% in the third quarter. Eukles Asset Management now owns 533 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 119 shares during the last quarter. Finally, Catalyst Private Wealth LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $54,000. 62.92% of the stock is owned by institutional investors.

Shares of JPM stock opened at $140.35 on Thursday. The firm has a market cap of $427.82 billion, a P/E ratio of 18.35, a P/E/G ratio of 3.20 and a beta of 1.22. 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. has a 1-year low of $76.91 and a 1-year high of $141.66. The firm has a fifty day moving average of $124.63 and a two-hundred day moving average of $106.64.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Monday, October 19th. The financial services provider reported $2.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.69. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. The business had revenue of $29.90 billion during the quarter, compared to analyst estimates of $28.20 billion. During the same period in the previous year, the business posted $2.68 EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 7.48 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, January 31st. Shareholders of record on Wednesday, January 6th will be given a dividend of $0.90 per share. The ex-dividend date is Tuesday, January 5th. This represents a $3.60 dividend on an annualized basis and a yield of 2.57%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.

JPM has been the topic of several research reports. Barclays increased their price target on shares of JPMorgan Chase & Co. from $144.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, January 4th. Keefe, Bruyette & Woods lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and increased their price target for the company from $125.00 to $130.00 in a research report on Wednesday, November 18th. Bank of America upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Wednesday. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “underweight” rating in a research report on Monday, November 30th. Finally, Daiwa Capital Markets assumed coverage on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 6th. They set an “outperform” rating and a $139.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eighteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $121.51.

In other JPMorgan Chase & Co. news, CFO Jennifer Piepszak sold 3,297 shares of the business’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $101.11, for a total transaction of $333,359.67. Also, EVP Marianne Lake sold 15,808 shares of the company’s stock in a transaction on Tuesday, November 24th. The shares were sold at an average price of $120.01, for a total value of $1,897,118.08. Insiders have sold a total of 21,386 shares of company stock valued at $2,460,813 in the last quarter. 0.78% of the stock is currently owned by insiders.

About JPMorgan Chase & Co.

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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