Souders Financial Advisors cut its position in JPMorgan Chase & Co. (NYSE:JPM) by 19.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,728 shares of the financial services provider’s stock after selling 7,169 shares during the quarter. JPMorgan Chase & Co. comprises 1.0% of Souders Financial Advisors’ holdings, making the stock its 28th biggest position. Souders Financial Advisors’ holdings in JPMorgan Chase & Co. were worth $7,126,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in JPM. Mizuho Securities Co. Ltd. acquired a new position in shares of JPMorgan Chase & Co. in the 3rd quarter worth approximately $25,000. Midwest Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $43,000. Peterson Financial Group Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 3rd quarter worth approximately $45,000. Legacy Investment Solutions LLC acquired a new position in shares of JPMorgan Chase & Co. in the 3rd quarter worth approximately $45,000. Finally, Collier Financial acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $45,000. 71.55% of the stock is currently owned by institutional investors.
Insider Activity at JPMorgan Chase & Co.
In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction on 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 in the company, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction 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 completion of the transaction, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This 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 worth $12,448,445 over the last ninety days. Insiders own 0.79% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Stock Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Stock Up 3.4 %
Shares of NYSE JPM opened at $232.94 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 market cap of $651.31 billion, a price-to-earnings ratio of 11.80, a PEG 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. The stock has a 50-day moving average price of $258.29 and a two-hundred day moving average price of $238.70.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter in the prior year, the firm posted $3.04 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year. As a group, analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.
JPMorgan Chase & Co. 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.
Read More
- Five stocks we like better than JPMorgan Chase & Co.
- Why Invest in 5G? How to Invest in 5G Stocks
- Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead
- How to Read Stock Charts for Beginners
- How Super Micro Computer Stock Is Defying the Market Sell-Off
- What does consumer price index measure?
- AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.