J P Morgan Chase & Co (JPM) Shares Sold by Highwater Wealth Management LLC

Highwater Wealth Management LLC decreased its stake in J P Morgan Chase & Co (NYSE:JPM) by 11.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,110 shares of the financial services provider’s stock after selling 408 shares during the period. Highwater Wealth Management LLC’s holdings in J P Morgan Chase & Co were worth $273,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in JPM. First Bank & Trust bought a new stake in J P Morgan Chase & Co during the fourth quarter valued at $457,000. Aveo Capital Partners LLC bought a new stake in J P Morgan Chase & Co during the fourth quarter valued at $519,000. Cornercap Investment Counsel Inc. bought a new stake in J P Morgan Chase & Co during the fourth quarter valued at $3,093,000. Robinson Value Management Ltd. bought a new stake in J P Morgan Chase & Co during the fourth quarter valued at $3,744,000. Finally, Hall Laurie J Trustee bought a new stake in J P Morgan Chase & Co during the fourth quarter valued at $995,000. 74.26% of the stock is currently owned by institutional investors.

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

Shares of J P Morgan Chase & Co (NYSE:JPM) opened at 86.18 on Friday. The stock has a market cap of $306.14 billion, a price-to-earnings ratio of 13.27 and a beta of 1.22. The stock’s 50 day moving average is $85.69 and its 200-day moving average is $86.73. J P Morgan Chase & Co has a 12-month low of $57.05 and a 12-month high of $93.98.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings results on Thursday, April 13th. The financial services provider reported $1.65 EPS for the quarter, beating the consensus estimate of $1.52 by $0.13. The company had revenue of $25.59 billion during the quarter, compared to analysts’ expectations of $24.40 billion. J P Morgan Chase & Co had a return on equity of 11.25% and a net margin of 23.82%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.35 EPS. Equities analysts anticipate that J P Morgan Chase & Co will post $6.66 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, July 3rd. J P Morgan Chase & Co’s payout ratio is currently 30.82%.

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Several research firms have weighed in on JPM. Zacks Investment Research downgraded shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research report on Friday, March 3rd. Credit Suisse Group boosted their target price on shares of J P Morgan Chase & Co to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, March 15th. Jefferies Group LLC reissued a “buy” rating and set a $94.00 target price on shares of J P Morgan Chase & Co in a research report on Wednesday, March 8th. Instinet boosted their target price on shares of J P Morgan Chase & Co from $82.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, March 1st. Finally, BMO Capital Markets reissued a “hold” rating on shares of J P Morgan Chase & Co in a research report on Wednesday, March 1st. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have issued a buy rating to the stock. J P Morgan Chase & Co presently has a consensus rating of “Buy” and a consensus target price of $82.01.

In related news, General Counsel Stacey Friedman sold 10,792 shares of the business’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $85.07, for a total transaction of $918,075.44. Following the transaction, the general counsel now directly owns 63,344 shares of the company’s stock, valued at approximately $5,388,674.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Matthew E. Zames sold 3,405 shares of the business’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $85.06, for a total value of $289,629.30. Following the transaction, the chief operating officer now directly owns 329,019 shares in the company, valued at $27,986,356.14. The disclosure for this sale can be found here. Insiders have sold a total of 20,711 shares of company stock valued at $1,775,791 in the last quarter. Company insiders own 0.85% of the company’s stock.

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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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