JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.5% in the fourth quarter, HoldingsChannel reports. The firm owned 1,022,304 shares of the financial services provider’s stock after selling 59,111 shares during the period. JPMorgan Chase & Co. accounts for about 0.9% of State of Tennessee Department of Treasury’s holdings, making the stock its 20th biggest holding. State of Tennessee Department of Treasury’s holdings in JPMorgan Chase & Co. were worth $245,056,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of JPM. Redwood Park Advisors LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at $29,000. Sellwood Investment Partners LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $34,000. Investment Counsel Co. of Nevada purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $37,000. Prudent Man Investment Management Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $43,000. Finally, Midwest Capital Advisors LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth about $43,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the completion of the sale, the chief operating officer now directly owns 54,469 shares in the company, valued at $14,698,459.65. This trade represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the sale, the insider now directly owns 49,127 shares in the company, valued at $12,130,438.84. This trade represents a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,545 shares of company stock worth $19,149,144 over the last quarter. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Trading Up 0.9 %

Shares of JPM stock opened at $231.79 on Monday. 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. has a twelve month low of $185.98 and a twelve month high of $280.25. The company’s 50-day moving average price is $244.72 and its 200-day moving average price is $243.10. The stock has a market cap of $645.07 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 2.83 and a beta of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same period in the previous year, the business posted $4.44 EPS. JPMorgan Chase & Co.’s revenue was up 8.0% on a year-over-year basis. As a group, equities analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be paid a dividend of $1.40 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date is Friday, April 4th. This represents a $5.60 annualized dividend and a yield of 2.42%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.49%.

Wall Street Analyst Weigh In

JPM has been the topic of several research analyst reports. Baird R W raised JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Evercore ISI reduced their price objective on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating for the company in a research report on Tuesday, April 1st. KGI Securities started coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They issued a “hold” rating on the stock. Finally, Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $255.67.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.