Ariston Services Group Sells 314 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Ariston Services Group lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,936 shares of the financial services provider’s stock after selling 314 shares during the period. JPMorgan Chase & Co. makes up 0.6% of Ariston Services Group’s holdings, making the stock its 18th biggest holding. Ariston Services Group’s holdings in JPMorgan Chase & Co. were worth $704,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Ring Mountain Capital LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth approximately $698,000. Exencial Wealth Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.3% during the fourth quarter. Exencial Wealth Advisors LLC now owns 30,383 shares of the financial services provider’s stock valued at $7,283,000 after acquiring an additional 381 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in shares of JPMorgan Chase & Co. by 4.1% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 535,288 shares of the financial services provider’s stock valued at $128,314,000 after acquiring an additional 20,845 shares in the last quarter. Synergy Investment Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $170,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of JPMorgan Chase & Co. by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,103,063 shares of the financial services provider’s stock valued at $4,818,905,000 after acquiring an additional 71,122 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on JPM shares. UBS Group boosted their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Baird R W raised JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $215.00 to $220.00 in a research report on Friday, March 7th. Bank of America lifted their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $252.89.

JPMorgan Chase & Co. Stock Up 3.4 %

Shares of NYSE JPM opened at $232.94 on Friday. 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 firm has a market capitalization of $651.31 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 2.83 and a beta of 1.10. The stock has a 50 day moving average price of $258.29 and a 200 day moving average price of $238.70. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The business 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 business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.04 earnings per share. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction 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 trade represents a 19.14 % decrease in their position. The transaction 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 firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the sale, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,326 shares of company stock valued at $12,448,445. 0.79% of the stock is owned by insiders.

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.