Tlwm Cuts Position in JPMorgan Chase & Co. (NYSE:JPM)

Tlwm trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 19.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,545 shares of the financial services provider’s stock after selling 1,300 shares during the period. JPMorgan Chase & Co. comprises about 0.4% of Tlwm’s portfolio, making the stock its 20th biggest position. Tlwm’s holdings in JPMorgan Chase & Co. were worth $774,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in JPM. Guardian Investment Management boosted its holdings in JPMorgan Chase & Co. by 10.8% in the fourth quarter. Guardian Investment Management now owns 22,534 shares of the financial services provider’s stock valued at $3,141,000 after purchasing an additional 2,200 shares in the last quarter. Relyea Zuckerberg Hanson LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $933,000. Fulton Breakefield Broenniman LLC boosted its holdings in JPMorgan Chase & Co. by 0.9% in the fourth quarter. Fulton Breakefield Broenniman LLC now owns 110,475 shares of the financial services provider’s stock valued at $15,400,000 after purchasing an additional 965 shares in the last quarter. TPG Financial Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 37.5% in the fourth quarter. TPG Financial Advisors LLC now owns 2,892 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 788 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its holdings in JPMorgan Chase & Co. by 0.9% in the fourth quarter. Raymond James Trust N.A. now owns 283,275 shares of the financial services provider’s stock valued at $39,488,000 after purchasing an additional 2,665 shares in the last quarter. Hedge funds and other institutional investors own 72.05% of the company’s stock.

JPM stock opened at $136.72 on Thursday. The company has a market capitalization of $435.34 billion, a P/E ratio of 13.23, a PEG ratio of 1.89 and a beta of 1.24. JPMorgan Chase & Co. has a twelve month low of $98.09 and a twelve month high of $141.10. The business has a 50 day simple moving average of $136.35 and a 200-day simple moving average of $121.98. The company has a current ratio of 0.92, a quick ratio of 0.93 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.25. The business had revenue of $28.30 billion during the quarter, compared to the consensus estimate of $27.69 billion. JPMorgan Chase & Co. had a return on equity of 15.19% and a net margin of 25.49%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.98 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 10.5 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Friday, January 3rd. JPMorgan Chase & Co.’s payout ratio is currently 34.35%.

In related news, CEO Daniel E. Pinto sold 64,198 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $130.91, for a total transaction of $8,404,160.18. Following the completion of the sale, the chief executive officer now directly owns 451,481 shares of the company’s stock, valued at $59,103,377.71. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nicole Giles sold 863 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $126.73, for a total value of $109,367.99. Following the sale, the insider now directly owns 8,949 shares of the company’s stock, valued at $1,134,106.77. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 121,172 shares of company stock valued at $16,158,032. Corporate insiders own 0.76% of the company’s stock.

JPM has been the subject of a number of research analyst reports. Bank of America reaffirmed a “buy” rating and issued a $147.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday. Societe Generale downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $145.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, January 8th. ValuEngine downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, January 7th. Finally, Citigroup increased their price objective on JPMorgan Chase & Co. from $116.00 to $140.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company. JPMorgan Chase & Co. currently has an average rating of “Hold” and an average target price of $135.29.

About JPMorgan Chase & Co.

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 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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