J P Morgan Chase & Co (JPM) Shares Sold by Cypress Wealth Advisors LLC

Cypress Wealth Advisors LLC lowered its position in J P Morgan Chase & Co (NYSE:JPM) by 52.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,918 shares of the financial services provider’s stock after selling 5,321 shares during the quarter. Cypress Wealth Advisors LLC’s holdings in J P Morgan Chase & Co were worth $450,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Vista LLC bought a new position in J P Morgan Chase & Co in the second quarter valued at $102,000. Pacific Center for Financial Services increased its stake in J P Morgan Chase & Co by 14.5% in the first quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 177 shares during the last quarter. Ullmann Financial Group Inc. bought a new position in J P Morgan Chase & Co in the first quarter valued at $148,000. Northwest Investment Counselors LLC bought a new position in J P Morgan Chase & Co in the second quarter valued at $165,000. Finally, Capital Advisors Ltd. LLC increased its stake in J P Morgan Chase & Co by 53.0% in the second quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 670 shares during the last quarter. 73.93% of the stock is currently owned by hedge funds and other institutional investors.

J P Morgan Chase & Co (JPM) traded up $1.23 during trading on Wednesday, hitting $106.85. 15,508,800 shares of the stock were exchanged, compared to its average volume of 13,997,725. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $366,472.44, a price-to-earnings ratio of 15.22, a P/E/G ratio of 2.29 and a beta of 1.22. J P Morgan Chase & Co has a one year low of $81.64 and a one year high of $108.40.

J P Morgan Chase & Co (NYSE:JPM) last posted its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.09. The company had revenue of $25.33 billion during the quarter, compared to analyst estimates of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. J P Morgan Chase & Co’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.58 earnings per share. sell-side analysts anticipate that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.10%. J P Morgan Chase & Co’s dividend payout ratio is currently 32.28%.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the sale, the general counsel now directly owns 15,279 shares in the company, valued at $1,557,846.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.88% of the company’s stock.

A number of research firms recently commented on JPM. Royal Bank of Canada reissued a “buy” rating on shares of J P Morgan Chase & Co in a research note on Friday, December 8th. Wells Fargo & Company raised their price objective on J P Morgan Chase & Co from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Barclays raised their price objective on J P Morgan Chase & Co from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Nomura raised their price objective on J P Morgan Chase & Co from $87.00 to $91.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Finally, Bank of America set a $102.00 price objective on J P Morgan Chase & Co and gave the company a “buy” rating in a research note on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have issued a buy rating to the company. J P Morgan Chase & Co has an average rating of “Hold” and a consensus target price of $92.18.

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J P Morgan Chase & Co Profile

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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

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