Pinion Investment Advisors LLC Has $2.34 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Pinion Investment Advisors LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,753 shares of the financial services provider’s stock after selling 184 shares during the period. JPMorgan Chase & Co. makes up about 0.9% of Pinion Investment Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Pinion Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. Charles Schwab Investment Management Inc. raised its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,103,063 shares of the financial services provider’s stock worth $4,818,905,000 after buying an additional 71,122 shares in the last quarter. James Reed Financial Services Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $324,000. Tacita Capital Inc raised its holdings in shares of JPMorgan Chase & Co. by 7.5% during the 4th quarter. Tacita Capital Inc now owns 2,507 shares of the financial services provider’s stock worth $601,000 after buying an additional 175 shares in the last quarter. WMG Financial Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 5.4% during the 4th quarter. WMG Financial Advisors LLC now owns 2,834 shares of the financial services provider’s stock worth $679,000 after buying an additional 146 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of JPMorgan Chase & Co. by 3.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 636,912 shares of the financial services provider’s stock worth $152,674,000 after buying an additional 20,088 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $215.00 to $220.00 in a report on Friday, March 7th. Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research report on Friday, January 3rd. Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, 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 report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $252.89.

JPMorgan Chase & Co. Trading Down 1.6 %

NYSE JPM opened at $224.32 on Friday. The business’s 50-day moving average price is $258.50 and its two-hundred day moving average price is $238.60. JPMorgan Chase & Co. has a 12 month low of $179.20 and a 12 month high of $280.25. The firm has a market capitalization of $627.21 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

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

Insider Activity

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the transaction, the chief executive officer now directly 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was 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 in the company, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,326 shares of company stock valued at $12,448,445 in the last ninety days. 0.79% of the stock is owned by company insiders.

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.