Hunter Associates Investment Management LLC sold 2,029 shares to JPMorgan Chase & Co. (NYSE:JPM)


Hunter Associates Investment Management LLC trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 37.7% during the first quarter, HoldingsChannel reports. The fund owned 3,350 shares of the financial services provider’s stock after selling 2,029 shares during the period. Hunter Associates Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in JPM. KLCM Advisors Inc. increased its holdings in shares of JPMorgan Chase & Co. by 0.5% in the 4th quarter. KLCM Advisors Inc. now owns 12,800 shares of the financial services provider’s stock valued at $2,027,000 after acquiring an additional 69 shares during the period. Hurlow Wealth Management Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 1.1% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 6,166 shares of the financial services provider’s stock valued at $793,000 after acquiring an additional 69 shares during the period. Bigelow Investment Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. in the first quarter. by 1.0% in the 4th quarter. Bigelow Investment Advisors LLC now owns 6,886 shares of the financial services provider’s stock valued at $1,090,000 after acquiring an additional 69 shares during the period. Valley Brook Capital Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 0.4% in the 4th quarter. Valley Brook Capital Group Inc. now owns 18,319 shares of the financial services provider’s stock valued at $2,900,000 after acquiring an additional 70 shares during the period. Finally, Cable Hill Partners LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.2% in the 4th quarter. Cable Hill Partners LLC now owns 6,063 shares of the financial services provider’s stock worth $960,000 after acquiring an additional 70 shares during the period. 70.35% of the shares are currently owned by institutional investors.

JPMorgan Chase & Co. Trading up 4.6%

NYSE:JPM opened at $112.95 on Friday. The business’s 50-day moving average is $119.34, and its two-hundred-day moving average is $134.51. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.82, and a quick-earnings ratio of 0.82. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96. The firm has a market cap of $331.74 billion, a PE ratio of 8.38, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating ) last posted its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, meeting the consensus estimate of $2.76. JPMorgan Chase & Co. has a return on equity of 16.58% and a net margin of 33.61%. The company had revenue of $30.72 billion for the quarter, compared to analyst estimates of $31.82 billion. During the same period last year, the company reported earnings of $3.78 per share. The company’s revenue was up .8% compared to the same quarter last year. Analysts predict that JPMorgan Chase & Co. will report 11.37 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend announcement

The firm also recently declared 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. The ex-dividend date is Tuesday, July 5th. This represents a $4.00 annual dividend and a dividend yield of 3.54%. JPMorgan Chase & Co.’s dividend payout ratio. it is currently 29.67%.

Changes in analyst ratings

A number of equities analysts have commented on JPM shares. Barclays lowered its price target on JPMorgan Chase & Co. from $200.00 to $162.00 and set an “overweight” rating on the stock in a report on Friday. Berenberg Bank set a $120.00 target price on JPMorgan Chase & Co . in a report dated Tuesday, April 19th. Societe Generale upgraded JPMorgan Chase & Co.’s rating. from a “hold” rating to a “buy” rating and boosted their target price for the company from $145.00 to $150.00 in a report on Tuesday, May 24th. Oppenheimer lowered their target price on JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Evercore ISI lowered their price target on JPMorgan Chase & Co. from $135.00 to $125.00 in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $143.95, according to MarketBeat.com.

Internal activity

In other news, insider Ashley Bacon sold 21,012 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 178,588 shares in the company, valued at $23,223,583.52. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed via this hyperlink. Insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

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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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Want to see what other hedge funds hold JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Get Rating).

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



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