New Mexico Educational Retirement Board Sells 4,800 Shares of JPMorgan Chase & Co. (NYSE:JPM)

New Mexico Educational Retirement Board lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 135,650 shares of the financial services provider’s stock after selling 4,800 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.1% of New Mexico Educational Retirement Board’s holdings, making the stock its 11th largest position. New Mexico Educational Retirement Board’s holdings in JPMorgan Chase & Co. were worth $32,517,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Adell Harriman & Carpenter Inc. boosted its stake in JPMorgan Chase & Co. by 0.4% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 117,092 shares of the financial services provider’s stock valued at $28,068,000 after purchasing an additional 445 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in JPMorgan Chase & Co. by 0.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider’s stock valued at $46,068,000 after purchasing an additional 1,229 shares during the period. Valeo Financial Advisors LLC boosted its stake in JPMorgan Chase & Co. by 0.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 171,858 shares of the financial services provider’s stock valued at $41,196,000 after purchasing an additional 609 shares during the period. AustralianSuper Pty Ltd boosted its stake in JPMorgan Chase & Co. by 161.5% during the 4th quarter. AustralianSuper Pty Ltd now owns 47,160 shares of the financial services provider’s stock valued at $11,305,000 after purchasing an additional 29,129 shares during the period. Finally, Campbell Wealth Management boosted its stake in JPMorgan Chase & Co. by 16.5% during the 4th quarter. Campbell Wealth Management now owns 2,201 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 312 shares during the period. Institutional investors own 71.55% of the company’s stock.

Insider Activity

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 158,381 shares of the company’s stock, valued at $42,737,529.04. This represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,326 shares of company stock worth $12,448,445 in the last three months. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. 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. Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a report on Thursday, January 16th. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Bank of America upped their price target on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target for the company in a report on Friday, January 3rd. 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. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $251.78.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $264.14 on Monday. JPMorgan Chase & Co. has a 52 week low of $179.20 and a 52 week high of $280.25. The company’s 50 day moving average price is $256.12 and its two-hundred day moving average price is $235.45. 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 stock has a market cap 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.

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

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.89%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.33%.

About JPMorgan Chase & Co.

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.