Cherry Creek Investment Advisors Inc. sold 1,048 shares of JPMorgan Chase & Co. (NYSE:JPM)


Cherry Creek Investment Advisors Inc. reduced its holdings in JPMorgan Chase & Co. (NYSE: JPM ) by 15.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,705 shares of the financial services provider’s stock after selling 1,048 shares during the quarter. Holdings of Cherry Creek Investment Advisors Inc. at JPMorgan Chase & Co. were worth $778,000 as of their most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. State Street Corp increased its stake in shares of JPMorgan Chase & Co. by 1.6% in the fourth quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock valued at $22,441,376,000 after acquiring an additional 2,277,065 shares during the last quarter. Geode Capital Management LLC increased its position in JPMorgan Chase & Co . by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 47,806,506 shares of the financial services provider’s stock valued at $7,548,705,000 after purchasing an additional 687,571 shares in the last quarter. Norges Bank bought a new stake in JPMorgan Chase & Co. in the 4th quarter, valued at about $4,092,843,000. Charles Schwab Investment Management Inc. increased its position in JPMorgan Chase & Co. by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,802,465 shares of the financial services provider’s stock valued at $2,819,021,000 after buying an additional 273,693 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in JPMorgan Chase & Co. by 1.4% in the 4th quarter. Parametric Portfolio Associates LLC now owns 11,276,722 shares of the financial services provider’s stock valued at $1,785,669,000 after purchasing an additional 160,698 shares in the last quarter. Institutional investors own 70.35% of the company’s shares.

JPM has been the subject of several recent analyst reports. BMO Capital Markets raised their price objective on shares of JPMorgan Chase & Co. from $150.00 to $156.00 in a research report on Tuesday, May 24th. Barclays set a $200.00 target price on shares of JPMorgan Chase & Co. in a research report on Thursday, June 30th. Morgan Stanley cut its price objective on shares of JPMorgan Chase & Co. from $152.00 to $149.00 and set an “underweight” rating on the stock in a research report on Friday, June 24th. Royal Bank of Canada set a $175.00 target price on shares of JPMorgan Chase & Co. and gave the company an “outperform” rating in a research report on Thursday, April 14th. Finally, StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a report dated Thursday, March 31st. They assign a “hold” rating to the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $159.33, based on data from MarketBeat.

JPM opened at $114.36 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.82, and a debt-to-equity ratio of 1.16. The company has a market cap of $335.88 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 2.04 and a beta of 1.15. The company’s 50-day moving average is $120.53 and its 200-day moving average is $135.81. JPMorgan Chase & Co. it has a 12-month low of $109.30 and a 12-month high of $172.96.

JPMorgan Chase & Co. (NYSE: JPM – Get Rating ) last posted its quarterly earnings data on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.10). The business had revenue of $30.72 billion during the quarter, compared to analysts’ expectations of $30.53 billion. JPMorgan Chase & Co. has a return on equity of 16.58% and a net margin of 33.61%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business reported $4.50 EPS. As a group, analysts predict that JPMorgan Chase & Co. will post 11.23 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th will be paid a dividend of $1.00 per share. This represents a dividend of $4.00 per year and a yield of 3.50%. The ex-dividend date is Tuesday, July 5th. The payout ratio of JPMorgan Chase & Co. is 29.67%.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 21,012 shares of the firm’s stock in a transaction that occurred on Tuesday, April 19th. The shares were sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the sale, the insider now owns 178,588 shares in the company, valued at approximately $23,223,583.52. The transaction was disclosed in a document filed with the SEC, which is available via this hyperlink. Also, CEO Jennifer Pipsack sold 4,668 shares of the firm’s stock in a transaction that occurred on Thursday, April 14th. The shares were sold at an average price of $126.19, for a total transaction of $589,054.92. Following the sale, the chief executive officer now owns 11,135 shares in the company, valued at approximately $1,405,125.65. Disclosure of this sale can be found here. 0.79% of shares are currently owned by company insiders.

About JPMorgan Chase & Co. (Get Rating)

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer and Community Banking (CCB), Corporate and Investment Banking (CIB), Commercial Banking (CB) and Asset and Wealth Management (AWM). The CCB segment offers deposit, investment and credit products, payments and consumer services; lending, deposit and cash management and payment solutions for small businesses; mortgage issuing and servicing activities; residential mortgages and residential loans; and credit cards, auto loans and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co.  (NYSE:JPM)



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