J P Morgan Chase & Co (JPM) Shares Sold by Afam Capital Inc.

Afam Capital Inc. cut its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 1.3% during the third quarter, Holdings Channel reports. The firm owned 126,539 shares of the financial services provider’s stock after selling 1,632 shares during the period. J P Morgan Chase & Co comprises about 1.3% of Afam Capital Inc.’s portfolio, making the stock its 9th largest position. Afam Capital Inc.’s holdings in J P Morgan Chase & Co were worth $8,426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Family Firm Inc. increased its position in shares of J P Morgan Chase & Co by 0.3% in the second quarter. Family Firm Inc. now owns 3,489 shares of the financial services provider’s stock valued at $217,000 after buying an additional 11 shares during the period. Marshwinds Advisory Co. increased its position in shares of J P Morgan Chase & Co by 0.3% in the third quarter. Marshwinds Advisory Co. now owns 4,383 shares of the financial services provider’s stock valued at $292,000 after buying an additional 11 shares during the period. Jackson Grant Investment Advisers Inc. increased its position in shares of J P Morgan Chase & Co by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,014 shares of the financial services provider’s stock valued at $125,000 after buying an additional 14 shares during the period. ELM Advisors LLC increased its position in shares of J P Morgan Chase & Co by 0.5% in the third quarter. ELM Advisors LLC now owns 4,013 shares of the financial services provider’s stock valued at $267,000 after buying an additional 20 shares during the period. Finally, Sabal Trust CO increased its position in shares of J P Morgan Chase & Co by 0.6% in the third quarter. Sabal Trust CO now owns 3,630 shares of the financial services provider’s stock valued at $242,000 after buying an additional 20 shares during the period. Institutional investors own 73.65% of the company’s stock.

Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

J P Morgan Chase & Co (NYSE:JPM) opened at 87.00 on Friday. The firm has a market cap of $310.65 billion, a price-to-earnings ratio of 14.05 and a beta of 1.49. The company’s 50 day moving average is $85.92 and its 200-day moving average is $74.65. J P Morgan Chase & Co has a 1-year low of $54.33 and a 1-year high of $88.17.

J P Morgan Chase & Co (NYSE:JPM) last issued its earnings results on Friday, January 13th. The financial services provider reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.29. J P Morgan Chase & Co had a net margin of 23.45% and a return on equity of 10.91%. The business had revenue of $24.30 billion for the quarter, compared to analyst estimates of $23.48 billion. During the same period in the previous year, the business earned $1.68 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. On average, analysts predict that J P Morgan Chase & Co will post $6.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th were given a dividend of $0.48 per share. The ex-dividend date was Wednesday, January 4th. This represents a $1.92 annualized dividend and a dividend yield of 2.21%. J P Morgan Chase & Co’s dividend payout ratio (DPR) is currently 31.02%.

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A number of analysts have recently commented on the company. Vetr upgraded J P Morgan Chase & Co from a “sell” rating to a “hold” rating and set a $82.89 price objective for the company in a report on Monday, December 19th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $88.00 price objective (up from $77.00) on shares of J P Morgan Chase & Co in a report on Wednesday, November 30th. FBR & Co restated an “outperform” rating on shares of J P Morgan Chase & Co in a report on Tuesday, January 17th. Macquarie restated a “neutral” rating and set a $70.00 price objective on shares of J P Morgan Chase & Co in a report on Monday, October 17th. Finally, RBC Capital Markets restated a “buy” rating on shares of J P Morgan Chase & Co in a report on Saturday, December 17th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $77.05.

In other news, CEO Douglas B. Petno sold 6,728 shares of J P Morgan Chase & Co stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $84.16, for a total transaction of $566,228.48. Following the sale, the chief executive officer now directly owns 115,938 shares in the company, valued at approximately $9,757,342.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ashley Bacon sold 12,986 shares of J P Morgan Chase & Co stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $84.15, for a total transaction of $1,092,771.90. Following the sale, the insider now owns 67,670 shares in the company, valued at $5,694,430.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 202,699 shares of company stock worth $17,009,515. 0.85% of the stock is owned by company insiders.

About J P Morgan Chase & Co

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J P Morgan Chase & Co (NYSE:JPM).

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