Cape ANN Savings Bank Trims Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Cape ANN Savings Bank decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,965 shares of the financial services provider’s stock after selling 180 shares during the period. JPMorgan Chase & Co. accounts for about 1.3% of Cape ANN Savings Bank’s holdings, making the stock its 20th biggest position. Cape ANN Savings Bank’s holdings in JPMorgan Chase & Co. were worth $2,149,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Midwest Capital Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $43,000. Colonial River Investments LLC increased its stake in shares of JPMorgan Chase & Co. by 3.6% in the fourth quarter. Colonial River Investments LLC now owns 14,354 shares of the financial services provider’s stock worth $3,441,000 after purchasing an additional 502 shares in the last quarter. Birchcreek Wealth Management LLC increased its stake in shares of JPMorgan Chase & Co. by 3.5% in the fourth quarter. Birchcreek Wealth Management LLC now owns 7,153 shares of the financial services provider’s stock worth $1,715,000 after purchasing an additional 241 shares in the last quarter. Partners Wealth Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $971,000. Finally, World Equity Group Inc. increased its stake in shares of JPMorgan Chase & Co. by 99.7% in the fourth quarter. World Equity Group Inc. now owns 13,296 shares of the financial services provider’s stock worth $3,187,000 after purchasing an additional 6,638 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $251.55 on Thursday. The company has a market capitalization of $703.35 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 2.83 and a beta of 1.12. The business has a 50 day moving average of $259.33 and a 200 day moving average of $238.02. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 1-year low of $179.20 and a 1-year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping 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 firm had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same period in the previous year, the business posted $3.04 EPS. The business’s quarterly revenue was up 10.9% on a year-over-year basis. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 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. Shareholders 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 annualized dividend and a yield of 1.99%. JPMorgan Chase & Co.’s payout ratio is 25.33%.

Insider Activity

In related news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction 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 transaction, the general counsel now directly owns 47,620 shares of the company’s stock, valued at $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. 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 transaction, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. The trade was a 19.14 % 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 currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research note on Friday, January 3rd. Robert W. Baird cut shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price on the stock. in a research note on Thursday, November 7th. Citigroup boosted their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods increased their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $251.78.

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.