JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 17.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,276 shares of the financial services provider’s stock after selling 2,877 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.9% of Asahi Life Asset Management CO. LTD.’s investment portfolio, making the stock its 13th biggest holding. Asahi Life Asset Management CO. LTD.’s holdings in JPMorgan Chase & Co. were worth $3,182,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in JPM. Principal Financial Group Inc. grew its holdings in shares of JPMorgan Chase & Co. by 3.2% during the third quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider’s stock valued at $1,228,110,000 after buying an additional 182,648 shares during the last quarter. Capital Performance Advisors LLP grew its holdings in shares of JPMorgan Chase & Co. by 33.4% during the third quarter. Capital Performance Advisors LLP now owns 2,598 shares of the financial services provider’s stock valued at $548,000 after buying an additional 650 shares during the last quarter. SFG Wealth Management LLC. grew its holdings in shares of JPMorgan Chase & Co. by 6.8% during the third quarter. SFG Wealth Management LLC. now owns 2,782 shares of the financial services provider’s stock valued at $587,000 after buying an additional 178 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. boosted its holdings in JPMorgan Chase & Co. by 34.4% in the third quarter. Strategic Family Wealth Counselors L.L.C. now owns 4,844 shares of the financial services provider’s stock valued at $1,021,000 after purchasing an additional 1,241 shares during the last quarter. Finally, Hollencrest Capital Management boosted its holdings in JPMorgan Chase & Co. by 0.3% in the third quarter. Hollencrest Capital Management now owns 71,675 shares of the financial services provider’s stock valued at $15,113,000 after purchasing an additional 211 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on JPM shares. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Citigroup upped their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Barclays upped their price target on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and upped their price target for the company from $215.00 to $220.00 in a report on Friday, March 7th. Finally, Baird R W raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $252.89.

JPMorgan Chase & Co. Stock Down 0.5 %

JPM opened at $227.89 on Thursday. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company has a 50-day moving average price of $258.81 and a 200 day moving average price of $238.70. The company has a market cap of $637.22 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly 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. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter in the prior year, the firm earned $3.04 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the stock in a transaction dated 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 owns 50,377 shares in the company, valued at approximately $13,606,323.93. This represents a 2.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the sale, the chief executive officer now owns 158,381 shares of the company’s stock, valued at approximately $42,737,529.04. The trade was a 19.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,326 shares of company stock worth $12,448,445. 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.