JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Trimmed by Lenox Wealth Advisors LLC

Lenox Wealth Advisors LLC lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 16.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,959 shares of the financial services provider’s stock after selling 391 shares during the period. Lenox Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $176,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in JPM. Norges Bank bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $3,908,541,000. Boston Partners raised its stake in JPMorgan Chase & Co. by 301.6% during the 3rd quarter. Boston Partners now owns 10,211,286 shares of the financial services provider’s stock valued at $1,202,693,000 after acquiring an additional 7,668,930 shares in the last quarter. Johanson Financial Advisors Inc. raised its stake in JPMorgan Chase & Co. by 13,859.0% during the 4th quarter. Johanson Financial Advisors Inc. now owns 3,216,433 shares of the financial services provider’s stock valued at $23,073,000 after acquiring an additional 3,193,391 shares in the last quarter. M&G Investment Management Ltd. acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $310,039,000. Finally, Capital Research Global Investors increased its position in shares of JPMorgan Chase & Co. by 7.4% during the 4th quarter. Capital Research Global Investors now owns 27,661,131 shares of the financial services provider’s stock valued at $3,855,962,000 after purchasing an additional 1,895,932 shares during the period. 73.93% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Douglas B. Petno sold 62,085 shares of JPMorgan Chase & Co. stock in a transaction on Monday, January 27th. The stock was sold at an average price of $131.94, for a total transaction of $8,191,494.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Daniel E. Pinto sold 15,212 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $135.72, for a total value of $2,064,572.64. Following the sale, the chief executive officer now directly owns 458,209 shares of the company’s stock, valued at approximately $62,188,125.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,814 shares of company stock valued at $17,318,144. Insiders own 0.76% of the company’s stock.

Several equities analysts have recently issued reports on the company. Citigroup lowered their price target on JPMorgan Chase & Co. from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Credit Suisse Group lifted their price target on JPMorgan Chase & Co. from $142.00 to $147.00 and gave the company an “outperform” rating in a research report on Wednesday, January 15th. UBS Group cut JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and lifted their price target for the company from $132.00 to $138.00 in a research report on Monday, January 6th. DA Davidson assumed coverage on JPMorgan Chase & Co. in a report on Wednesday, January 8th. They issued a “neutral” rating and a $140.00 target price on the stock. Finally, Wolfe Research cut JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $121.39.

Shares of JPM stock traded down $3.46 on Friday, reaching $84.05. 21,188,579 shares of the company’s stock traded hands, compared to its average volume of 19,935,805. JPMorgan Chase & Co. has a 12-month low of $76.91 and a 12-month high of $141.10. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $259.32 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 1.69 and a beta of 1.31. The business’s 50 day moving average price is $110.64 and its two-hundred day moving average price is $124.82.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.25. The business had revenue of $28.30 billion for 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%. JPMorgan Chase & Co.’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.98 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 9.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Monday, April 6th will be given a dividend of $0.90 per share. The ex-dividend date is Friday, April 3rd. This represents a $3.60 dividend on an annualized basis and a yield of 4.28%. JPMorgan Chase & Co.’s payout ratio is 34.35%.

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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