RFG Advisory LLC Sells 11,027 Shares of JPMorgan Chase & Co. (NYSE:JPM)

RFG Advisory LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 38.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 17,864 shares of the financial services provider’s stock after selling 11,027 shares during the period. RFG Advisory LLC’s holdings in JPMorgan Chase & Co. were worth $1,744,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Financial Gravity Companies Inc. bought a new position in JPMorgan Chase & Co. during the 4th quarter worth $36,000. Acima Private Wealth LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter worth $38,000. Smart Portfolios LLC increased its stake in JPMorgan Chase & Co. by 29.6% during the 4th quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 114 shares during the period. Contravisory Investment Management Inc. increased its stake in JPMorgan Chase & Co. by 188.3% during the 4th quarter. Contravisory Investment Management Inc. now owns 542 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 354 shares during the period. Finally, Semmax Financial Advisors Inc. bought a new position in JPMorgan Chase & Co. during the 4th quarter worth $56,000. Hedge funds and other institutional investors own 71.46% of the company’s stock.

NYSE JPM opened at $109.54 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.00 and a current ratio of 1.00. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $119.24. The firm has a market cap of $354.47 billion, a P/E ratio of 12.17, a PEG ratio of 1.56 and a beta of 1.18.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $2.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.33. JPMorgan Chase & Co. had a return on equity of 14.23% and a net margin of 24.28%. The company had revenue of $29.12 billion for the quarter, compared to the consensus estimate of $27.95 billion. During the same quarter last year, the business posted $2.37 EPS. On average, analysts forecast that JPMorgan Chase & Co. will post 10.02 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Wednesday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 35.56%.

In related news, CFO Marianne Lake sold 115,415 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $109.75, for a total transaction of $12,666,796.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mellody L. Hobson acquired 1,700 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were purchased at an average cost of $114.26 per share, for a total transaction of $194,242.00. Following the acquisition, the director now owns 7,485 shares in the company, valued at $855,236.10. The disclosure for this purchase can be found here. In the last three months, insiders have sold 157,573 shares of company stock worth $17,293,454. 0.76% of the stock is currently owned by company insiders.

JPM has been the topic of a number of research analyst reports. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. BMO Capital Markets raised their target price on JPMorgan Chase & Co. from $116.00 to $118.00 and gave the company a “market perform” rating in a report on Monday, April 15th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $130.00 target price (up previously from $121.00) on shares of JPMorgan Chase & Co. in a report on Thursday, February 14th. HSBC set a $102.00 target price on JPMorgan Chase & Co. and gave the company a “neutral” rating in a report on Thursday, April 4th. Finally, Credit Suisse Group raised their target price on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus price target of $123.85.

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JPMorgan Chase & Co. Company Profile

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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