JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by BHK Investment Advisors LLC

BHK Investment Advisors LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,324 shares of the financial services provider’s stock after selling 904 shares during the period. JPMorgan Chase & Co. makes up 0.8% of BHK Investment Advisors LLC’s investment portfolio, making the stock its 17th largest position. BHK Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,235,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Synergy Financial Group LTD acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $226,000. Trifecta Capital Advisors LLC lifted its position in JPMorgan Chase & Co. by 0.7% during the fourth quarter. Trifecta Capital Advisors LLC now owns 23,492 shares of the financial services provider’s stock valued at $5,631,000 after buying an additional 154 shares in the last quarter. Coyle Financial Counsel LLC lifted its position in JPMorgan Chase & Co. by 31.7% during the fourth quarter. Coyle Financial Counsel LLC now owns 2,174 shares of the financial services provider’s stock valued at $521,000 after buying an additional 523 shares in the last quarter. Prasad Wealth Partners LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $361,000. Finally, BankPlus Trust Department acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $3,063,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

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 transaction of $337,612.50. Following the completion of the sale, the insider now owns 50,377 shares in the company, 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 Securities & Exchange Commission, which is available at this link. Also, 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 sale, the chief executive officer now owns 158,381 shares of the company’s stock, valued at approximately $42,737,529.04. The trade was a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,326 shares of company stock worth $12,448,445 over the last 90 days. Insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Oppenheimer cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. 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. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research report on Friday, January 3rd. Finally, Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average target price of $251.78.

JPMorgan Chase & Co. Stock Down 2.2 %

Shares of NYSE:JPM opened at $246.12 on Friday. 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 company has a fifty day simple moving average of $259.38 and a 200 day simple moving average of $238.07. The firm has a market cap of $688.17 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month 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. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same quarter in the previous year, the firm earned $3.04 earnings per share. The business’s revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced 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 was Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 2.03%. JPMorgan Chase & Co.’s payout ratio is 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.