SFE Investment Counsel Sells 1,166 Shares of JPMorgan Chase & Co. (NYSE:JPM)

SFE Investment Counsel reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,433 shares of the financial services provider’s stock after selling 1,166 shares during the period. JPMorgan Chase & Co. makes up approximately 3.3% of SFE Investment Counsel’s holdings, making the stock its 3rd largest holding. SFE Investment Counsel’s holdings in JPMorgan Chase & Co. were worth $15,685,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Intelligence Driven Advisers LLC boosted its position in JPMorgan Chase & Co. by 2.2% during the 4th quarter. Intelligence Driven Advisers LLC now owns 2,896 shares of the financial services provider’s stock valued at $694,000 after purchasing an additional 63 shares during the period. Financial Guidance Group Inc. acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at $214,000. Investment Partners Asset Management Inc. grew its stake in JPMorgan Chase & Co. by 11.5% in the fourth quarter. Investment Partners Asset Management Inc. now owns 5,538 shares of the financial services provider’s stock valued at $1,328,000 after purchasing an additional 572 shares in the last quarter. MGB Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 4.7% during the 4th quarter. MGB Wealth Management LLC now owns 11,368 shares of the financial services provider’s stock worth $2,724,000 after acquiring an additional 507 shares in the last quarter. Finally, Beckerman Institutional LLC boosted its stake in shares of JPMorgan Chase & Co. by 120.5% during the 4th quarter. Beckerman Institutional LLC now owns 2,584 shares of the financial services provider’s stock worth $619,000 after acquiring an additional 1,412 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JPM has been the subject of a number of recent research reports. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Wells Fargo & Company raised their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. UBS Group lifted their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $251.78.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $264.14 on Friday. JPMorgan Chase & Co. has a one year low of $179.20 and a one year high of $280.25. The company has a market capitalization of $738.56 billion, a P/E ratio of 13.38, a P/E/G ratio of 2.83 and a beta of 1.12. The company’s 50-day simple moving average is $256.12 and its two-hundred day simple moving average is $235.20. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.04 EPS. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 25.33%.

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value of $1,153,069.05. Following the completion of the sale, the chief operating officer now owns 54,469 shares in the company, valued at approximately $14,698,459.65. This trade represents a 7.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the sale, the chief executive officer now directly owns 158,381 shares in the company, valued at $42,737,529.04. This represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,326 shares of company stock valued at $12,448,445 over the last ninety days. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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.