Custom Index Systems LLC trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,015 shares of the financial services provider’s stock after selling 84 shares during the quarter. Custom Index Systems LLC’s holdings in JPMorgan Chase & Co. were worth $962,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rappaport Reiches Capital Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 3.8% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 1,068 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 39 shares during the last quarter. Powers Advisory Group LLC raised its position in JPMorgan Chase & Co. by 0.7% during the fourth quarter. Powers Advisory Group LLC now owns 6,131 shares of the financial services provider’s stock valued at $1,470,000 after purchasing an additional 42 shares during the period. Financial Avengers Inc. raised its position in JPMorgan Chase & Co. by 5.2% during the third quarter. Financial Avengers Inc. now owns 868 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 43 shares during the period. Matrix Trust Co lifted its stake in shares of JPMorgan Chase & Co. by 0.4% in the 4th quarter. Matrix Trust Co now owns 10,179 shares of the financial services provider’s stock valued at $2,440,000 after purchasing an additional 43 shares during the last quarter. Finally, One Charles Private Wealth Services LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.4% in the 3rd quarter. One Charles Private Wealth Services LLC now owns 12,179 shares of the financial services provider’s stock worth $2,568,000 after purchasing an additional 44 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the transaction, the general counsel now owns 47,620 shares of the company’s stock, valued at $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.79% of the company’s stock.
Analyst Ratings Changes
View Our Latest Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Trading Down 0.4 %
Shares of NYSE JPM opened at $275.84 on Friday. JPMorgan Chase & Co. has a twelve month low of $172.62 and a twelve month high of $278.55. The firm has a market cap of $776.57 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 2.87 and a beta of 1.12. The business has a fifty day simple moving average of $249.57 and a two-hundred day simple moving average of $229.92. 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 Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. During the same period in the previous year, the company posted $3.04 earnings per share. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 17.82 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a $1.25 dividend. The ex-dividend date was Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.81%. JPMorgan Chase & Co.’s payout ratio is presently 25.33%.
About JPMorgan Chase & Co.
JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.
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