JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Consulta Ltd

Consulta Ltd lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 57.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 150,000 shares of the financial services provider's stock after selling 200,000 shares during the period. JPMorgan Chase & Co. makes up 2.4% of Consulta Ltd's portfolio, making the stock its 13th biggest position. Consulta Ltd's holdings in JPMorgan Chase & Co. were worth $35,956,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of JPM. Cornerstone Select Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $486,000. Crestline Management LP grew its holdings in shares of JPMorgan Chase & Co. by 5.9% during the fourth quarter. Crestline Management LP now owns 1,800 shares of the financial services provider's stock valued at $431,000 after purchasing an additional 100 shares during the last quarter. Capital Advantage Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $807,000. Cetera Investment Advisers lifted its holdings in shares of JPMorgan Chase & Co. by 1.9% in the 4th quarter. Cetera Investment Advisers now owns 898,632 shares of the financial services provider's stock worth $215,411,000 after purchasing an additional 16,658 shares during the last quarter. Finally, Cercano Management LLC boosted its position in JPMorgan Chase & Co. by 4,997.6% during the 4th quarter. Cercano Management LLC now owns 124,024 shares of the financial services provider's stock valued at $29,730,000 after purchasing an additional 121,591 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JPM has been the subject of a number of recent analyst reports. UBS Group increased their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Bank of America decreased their price target on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and increased their target price for the company from $215.00 to $220.00 in a research report on Friday, March 7th. Finally, Barclays boosted their price target on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and an average target price of $255.67.

JPMorgan Chase & Co. Stock Down 1.3 %

NYSE:JPM opened at $249.32 on Wednesday. The firm has a market capitalization of $693.86 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a twelve month low of $190.88 and a twelve month high of $280.25. The stock's 50 day moving average price is $238.65 and its two-hundred day moving average price is $245.08. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. The firm had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.44 earnings per share. Equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th were issued a dividend of $1.40 per share. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio is 27.49%.

Insider Buying and Selling

In related news, CFO Jeremy Barnum sold 40,014 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the completion of the transaction, the chief financial officer now directly owns 18,017 shares in the company, valued at $4,518,123.09. This represents a 68.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value of $1,153,069.05. Following the completion of the transaction, the chief operating officer now owns 54,469 shares of the company's stock, valued at $14,698,459.65. The trade was a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 129,188 shares of company stock worth $33,095,363. Company insiders own 0.47% of the company's stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

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