Pekin Hardy Strauss Inc. Sells 834 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Pekin Hardy Strauss Inc. lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,592 shares of the financial services provider’s stock after selling 834 shares during the period. Pekin Hardy Strauss Inc.’s holdings in JPMorgan Chase & Co. were worth $3,498,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Oak Ridge Investments LLC lifted its holdings in shares of JPMorgan Chase & Co. by 4.2% in the third quarter. Oak Ridge Investments LLC now owns 1,396 shares of the financial services provider’s stock worth $294,000 after buying an additional 56 shares in the last quarter. Lincluden Management Ltd. increased its holdings in JPMorgan Chase & Co. by 0.9% during the 3rd quarter. Lincluden Management Ltd. now owns 25,411 shares of the financial services provider’s stock worth $5,358,000 after acquiring an additional 225 shares during the period. Norris Perne & French LLP MI lifted its stake in JPMorgan Chase & Co. by 17.9% in the 3rd quarter. Norris Perne & French LLP MI now owns 13,026 shares of the financial services provider’s stock worth $2,747,000 after purchasing an additional 1,979 shares in the last quarter. Summit Wealth Partners LLC boosted its holdings in JPMorgan Chase & Co. by 5.6% in the 3rd quarter. Summit Wealth Partners LLC now owns 5,623 shares of the financial services provider’s stock valued at $1,186,000 after purchasing an additional 297 shares during the period. Finally, Stephens Inc. AR grew its position in shares of JPMorgan Chase & Co. by 28.5% during the 3rd quarter. Stephens Inc. AR now owns 367,430 shares of the financial services provider’s stock valued at $77,476,000 after purchasing an additional 81,467 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JPM has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Citigroup lifted their price target 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. Wells Fargo & Company upped their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Oppenheimer cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. 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 investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Hold” and an average price target of $251.78.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $249.94 on Wednesday. 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 $259.14 and a 200-day moving average price of $237.92. JPMorgan Chase & Co. has a 52 week low of $179.20 and a 52 week high of $280.25. The firm has a market capitalization of $698.85 billion, a PE ratio of 12.66, a P/E/G ratio of 2.83 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results 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. The business had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.04 EPS. As a group, equities research analysts expect 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. Shareholders of record on Monday, January 6th were paid 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 2.00%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the business’s stock in a transaction on 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 $42,737,529.04. The trade was a 19.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 46,326 shares of company stock worth $12,448,445 in the last quarter. Company 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.