Landmark Financial Advisors LLC cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,749 shares of the financial services provider’s stock after selling 999 shares during the period. JPMorgan Chase & Co. comprises approximately 1.4% of Landmark Financial Advisors LLC’s investment portfolio, making the stock its 14th largest position. Landmark Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,790,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in JPM. Marshwinds Advisory Co. boosted its position in JPMorgan Chase & Co. by 0.3% in the third quarter. Marshwinds Advisory Co. now owns 4,383 shares of the financial services provider’s stock worth $292,000 after buying an additional 11 shares during the last quarter. ELM Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.5% in the third quarter. ELM Advisors LLC now owns 4,013 shares of the financial services provider’s stock worth $267,000 after buying an additional 20 shares in the last quarter. Sabal Trust CO boosted its stake in shares of JPMorgan Chase & Co. by 0.6% in the third quarter. Sabal Trust CO now owns 3,630 shares of the financial services provider’s stock worth $242,000 after buying an additional 20 shares in the last quarter. Alpha Windward LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.3% in the third quarter. Alpha Windward LLC now owns 7,156 shares of the financial services provider’s stock worth $477,000 after buying an additional 21 shares in the last quarter. Finally, Hayek Kallen Investment Management boosted its stake in shares of JPMorgan Chase & Co. by 0.6% in the third quarter. Hayek Kallen Investment Management now owns 3,386 shares of the financial services provider’s stock worth $225,000 after buying an additional 21 shares in the last quarter. 73.65% of the stock is currently owned by institutional investors and hedge funds.

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

JPMorgan Chase & Co. (NYSE:JPM) opened at 90.03 on Tuesday. The stock’s 50 day moving average is $89.56 and its 200-day moving average is $79.20. JPMorgan Chase & Co. has a 52-week low of $57.05 and a 52-week high of $93.98. The company has a market cap of $320.57 billion, a PE ratio of 14.54 and a beta of 1.49.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 13th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.29. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 10.91%. The company earned $24.30 billion during the quarter, compared to the consensus estimate of $23.48 billion. During the same period in the previous year, the firm posted $1.68 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts predict that JPMorgan Chase & Co. will post $6.56 EPS for the current fiscal year.

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Several equities research analysts recently issued reports on JPM shares. FBR & Co reiterated an “outperform” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, January 17th. Buckingham Research reiterated a “hold” rating and issued a $74.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, January 11th. BMO Capital Markets reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 1st. Citigroup Inc reiterated a “hold” rating and issued a $65.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, January 11th. Finally, Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research note on Tuesday, January 10th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $79.58.

In related news, insider Gordon Smith sold 65,865 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $83.67, for a total value of $5,510,924.55. Following the transaction, the insider now owns 237,466 shares in the company, valued at approximately $19,868,780.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Matthew E. Zames sold 42,083 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $84.16, for a total transaction of $3,541,705.28. Following the completion of the transaction, the chief operating officer now owns 369,486 shares in the company, valued at approximately $31,095,941.76. The disclosure for this sale can be found here. Insiders have sold a total of 202,699 shares of company stock valued at $17,009,515 over the last ninety days. 0.85% of the stock is currently owned by insiders.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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