O Brien Greene & Co. Inc Sells 1,000 Shares of JPMorgan Chase & Co. (NYSE:JPM)

O Brien Greene & Co. Inc cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 10.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,509 shares of the financial services provider’s stock after selling 1,000 shares during the period. O Brien Greene & Co. Inc’s holdings in JPMorgan Chase & Co. were worth $1,296,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JPM. Wealth Enhancement Advisory Services LLC raised its position in shares of JPMorgan Chase & Co. by 8.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 66,230 shares of the financial services provider’s stock valued at $10,103,000 after purchasing an additional 5,167 shares during the period. CIBC Private Wealth Group LLC raised its position in shares of JPMorgan Chase & Co. by 2.0% during the 1st quarter. CIBC Private Wealth Group LLC now owns 4,774,631 shares of the financial services provider’s stock valued at $726,840,000 after purchasing an additional 95,131 shares during the period. Quilter Plc raised its position in shares of JPMorgan Chase & Co. by 7.1% during the 1st quarter. Quilter Plc now owns 574,056 shares of the financial services provider’s stock valued at $87,389,000 after purchasing an additional 37,926 shares during the period. MV Capital Management Inc. grew its stake in JPMorgan Chase & Co. by 15.1% during the first quarter. MV Capital Management Inc. now owns 18,128 shares of the financial services provider’s stock valued at $2,760,000 after acquiring an additional 2,378 shares in the last quarter. Finally, South State CORP. grew its stake in JPMorgan Chase & Co. by 0.9% during the first quarter. South State CORP. now owns 156,592 shares of the financial services provider’s stock valued at $23,837,000 after acquiring an additional 1,450 shares in the last quarter. Institutional investors and hedge funds own 70.56% of the company’s stock.

JPM has been the subject of several research analyst reports. DA Davidson raised their target price on shares of JPMorgan Chase & Co. from $179.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, April 15th. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $173.00 target price on the stock. in a research report on Wednesday. Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday. Credit Suisse Group upped their price objective on JPMorgan Chase & Co. from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Monday, March 22nd. Finally, Royal Bank of Canada upped their price objective on JPMorgan Chase & Co. from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, April 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $151.79.

JPM stock traded down $0.73 during midday trading on Friday, reaching $159.67. The stock had a trading volume of 471,264 shares, compared to its average volume of 14,262,492. The firm has a fifty day simple moving average of $158.15. The firm has a market cap of $483.34 billion, a PE ratio of 12.74, a PEG ratio of 2.48 and a beta of 1.21. JPMorgan Chase & Co. has a 52-week low of $90.78 and a 52-week high of $167.44. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, April 13th. The financial services provider reported $4.50 earnings per share for the quarter, beating the consensus estimate of $3.10 by $1.40. JPMorgan Chase & Co. had a net margin of 31.15% and a return on equity of 16.66%. The firm had revenue of $32.30 billion during the quarter, compared to analyst estimates of $29.97 billion. During the same period in the previous year, the firm earned $0.78 EPS. The business’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, research analysts forecast that JPMorgan Chase & Co. will post 13.35 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, July 31st. Shareholders of record on Tuesday, July 6th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Friday, July 2nd. JPMorgan Chase & Co.’s payout ratio is currently 40.54%.

In other news, CEO Mary E. Erdoes sold 19,188 shares of the business’s stock in a transaction that occurred on Thursday, April 15th. The shares were sold at an average price of $150.90, for a total value of $2,895,469.20. Also, General Counsel Stacey Friedman sold 16,965 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, April 15th. The shares were sold at an average price of $150.90, for a total transaction of $2,560,018.50. Insiders have sold a total of 61,130 shares of company stock worth $9,224,636 in the last quarter. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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

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

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