JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) by 15.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 375,119 shares of the financial services provider’s stock after selling 67,074 shares during the period. JPMorgan Chase & Co. comprises approximately 4.0% of Quintet Private Bank Europe S.A.’s portfolio, making the stock its 8th largest position. Quintet Private Bank Europe S.A.’s holdings in JPMorgan Chase & Co. were worth $63,808,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Stone House Investment Management LLC grew its position in shares of JPMorgan Chase & Co. by 132.8% during the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after buying an additional 89 shares during the period. Bare Financial Services Inc acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth $35,000. Partnership Wealth Management LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $36,000. Stuart Chaussee & Associates Inc. bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $40,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $40,000. Institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Lori A. Beer sold 3,920 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the sale, the insider now owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the sale, the insider now owns 64,783 shares in the company, valued at approximately $12,656,006.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 254,485 shares of company stock worth $47,728,528. Company insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on JPM shares. Jefferies Financial Group upped their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Robert W. Baird raised their price target on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Royal Bank of Canada reissued an “outperform” rating and set a $211.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Finally, Morgan Stanley dropped their target price on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a report on Tuesday, May 21st. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $194.10.

Read Our Latest Analysis on JPM

JPMorgan Chase & Co. Price Performance

Shares of JPM traded up $0.12 during trading hours on Friday, reaching $193.78. 6,874,029 shares of the company’s stock traded hands, compared to its average volume of 8,653,904. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $205.88. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The stock has a market cap of $556.47 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 2.61 and a beta of 1.12. The firm’s 50 day simple moving average is $194.90 and its 200-day simple moving average is $183.26.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The business had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. Equities analysts expect that JPMorgan Chase & Co. will post 16.41 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be paid a dividend of $1.15 per share. The ex-dividend date is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.37%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

JPMorgan Chase & Co. Profile

(Free Report)

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

Further Reading

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

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