Transcend Capital Advisors LLC Sells 10,019 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Transcend Capital Advisors LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 12.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,719 shares of the financial services provider’s stock after selling 10,019 shares during the quarter. JPMorgan Chase & Co. comprises about 1.2% of Transcend Capital Advisors LLC’s investment portfolio, making the stock its 11th biggest position. Transcend Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $16,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JPM. Cassaday & Co Wealth Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 3.5% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 21,006 shares of the financial services provider’s stock worth $5,035,000 after purchasing an additional 710 shares during the period. Grove Street Fiduciary LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth $1,120,000. Arcadia Investment Management Corp MI increased its position in JPMorgan Chase & Co. by 7.2% during the fourth quarter. Arcadia Investment Management Corp MI now owns 2,095 shares of the financial services provider’s stock valued at $502,000 after acquiring an additional 140 shares during the last quarter. Compass Capital Corp MA ADV bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at $719,000. Finally, Summerhill Capital Management lnc. raised its stake in shares of JPMorgan Chase & Co. by 2.2% in the fourth quarter. Summerhill Capital Management lnc. now owns 40,078 shares of the financial services provider’s stock valued at $9,607,000 after acquiring an additional 854 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $260.25 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a 50 day moving average price of $258.99 and a 200-day moving average price of $237.67. JPMorgan Chase & Co. has a fifty-two week low of $179.20 and a fifty-two week high of $280.25. The stock has a market capitalization of $727.69 billion, a PE ratio of 13.18, a PEG ratio of 2.83 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same quarter in the prior year, the business earned $3.04 earnings per share. JPMorgan Chase & Co.’s revenue was up 10.9% on a year-over-year basis. Equities analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were paid a $1.25 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.92%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the sale, the insider now directly owns 50,377 shares in the company, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,326 shares of company stock worth $12,448,445 over the last quarter. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Citigroup boosted their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Barclays boosted their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective on the stock. in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $251.78.

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.