Narus Financial Partners LLC Sells 210 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Narus Financial Partners LLC decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,972 shares of the financial services provider’s stock after selling 210 shares during the period. Narus Financial Partners LLC’s holdings in JPMorgan Chase & Co. were worth $952,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. AMF Tjanstepension AB lifted its holdings in shares of JPMorgan Chase & Co. by 17.2% during the 3rd quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider’s stock valued at $99,972,000 after purchasing an additional 69,451 shares during the last quarter. Alpha Financial Partners LLC grew its position in JPMorgan Chase & Co. by 11.5% during the 3rd quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider’s stock worth $702,000 after purchasing an additional 343 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in shares of JPMorgan Chase & Co. by 8.9% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,581 shares of the financial services provider’s stock worth $966,000 after buying an additional 375 shares during the last quarter. Daymark Wealth Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.6% in the third quarter. Daymark Wealth Partners LLC now owns 352,000 shares of the financial services provider’s stock worth $74,223,000 after buying an additional 1,997 shares during the last quarter. Finally, Brightwater Advisory LLC lifted its position in JPMorgan Chase & Co. by 3.2% during the 3rd quarter. Brightwater Advisory LLC now owns 2,476 shares of the financial services provider’s stock worth $522,000 after acquiring an additional 77 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the firm’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 approximately $12,092,622.80. This trade represents a 6.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on JPM shares. Royal Bank of Canada upped their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. UBS Group boosted their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Daiwa Capital Markets cut their price objective on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Finally, Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average target price of $251.78.

JPMorgan Chase & Co. Trading Up 2.4 %

JPMorgan Chase & Co. stock opened at $276.82 on Friday. The stock has a 50-day moving average price of $249.03 and a 200 day moving average price of $229.59. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The stock has a market cap of $779.34 billion, a PE ratio of 14.02, a P/E/G ratio of 2.87 and a beta of 1.12. JPMorgan Chase & Co. has a 52 week low of $172.62 and a 52 week high of $276.98.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. During the same period in the prior year, the company posted $3.04 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities research analysts predict that JPMorgan Chase & Co. will post 17.82 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.33%.

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.