Peloton Wealth Strategists Sells 1,400 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Peloton Wealth Strategists lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,749 shares of the financial services provider’s stock after selling 1,400 shares during the quarter. JPMorgan Chase & Co. comprises about 2.6% of Peloton Wealth Strategists’ investment portfolio, making the stock its 7th biggest holding. Peloton Wealth Strategists’ holdings in JPMorgan Chase & Co. were worth $6,453,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. grew its position in JPMorgan Chase & Co. by 100.0% in the third quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 160 shares of the financial services provider’s stock worth $26,000 after buying an additional 80 shares during the last quarter. Lowe Wealth Advisors LLC grew its position in JPMorgan Chase & Co. by 230.0% in the fourth quarter. Lowe Wealth Advisors LLC now owns 165 shares of the financial services provider’s stock worth $26,000 after buying an additional 115 shares during the last quarter. MFA Wealth Advisors LLC acquired a new position in JPMorgan Chase & Co. in the third quarter worth approximately $32,000. Carolina Wealth Advisors LLC grew its position in JPMorgan Chase & Co. by 176.5% in the fourth quarter. Carolina Wealth Advisors LLC now owns 235 shares of the financial services provider’s stock worth $37,000 after buying an additional 150 shares during the last quarter. Finally, Evolution Advisers Inc. acquired a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $52,000. Institutional investors and hedge funds own 70.35% of the company’s stock.

In related news, insider Ashley Bacon sold 21,012 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $130.04, for a total value of $2,732,400.48. Following the transaction, the insider now owns 178,588 shares in the company, valued at approximately $23,223,583.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jennifer Piepszak sold 4,668 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, April 14th. The stock was sold at an average price of $126.19, for a total transaction of $589,054.92. Following the completion of the transaction, the chief executive officer now owns 11,135 shares in the company, valued at approximately $1,405,125.65. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

Shares of JPM stock traded up $1.05 on Friday, hitting $119.09. The company’s stock had a trading volume of 10,443,203 shares, compared to its average volume of 14,563,485. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.82 and a quick ratio of 0.82. JPMorgan Chase & Co. has a fifty-two week low of $115.37 and a fifty-two week high of $172.96. The firm’s fifty day moving average price is $130.58 and its 200-day moving average price is $148.15. The stock has a market capitalization of $349.77 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 2.12 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings data on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.73 by ($0.10). The business had revenue of $30.72 billion during the quarter, compared to analyst estimates of $30.53 billion. JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $4.50 EPS. Analysts predict that JPMorgan Chase & Co. will post 11.14 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Saturday, April 30th. Investors of record on Wednesday, April 6th were issued a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, April 5th. This represents a $4.00 annualized dividend and a yield of 3.36%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.67%.

A number of equities analysts recently commented on JPM shares. Royal Bank of Canada set a $175.00 price objective on shares of JPMorgan Chase & Co. and gave the stock an “outperform” rating in a research note on Thursday, April 14th. StockNews.com started coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $147.00 price objective for the company in a research note on Monday, March 21st. Jefferies Financial Group decreased their price objective on shares of JPMorgan Chase & Co. from $141.00 to $125.00 in a research note on Friday. Finally, Berenberg Bank set a $120.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, April 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $163.00.

JPMorgan Chase & Co. Profile (Get Rating)

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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

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

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