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JPMorgan Chase & Co. Shares (NYSE:JPM) sold by Romano Brothers AND Company


Romano Brothers AND Company cut its position in JPMorgan Chase & Co. shares. (NYSE:JPM) in the fourth quarter up 6.3%, Holdings Channel reports. The institutional investor owned 29,815 shares of the financial services provider, after selling 1,990 shares during the quarter. Romano Brothers AND Company’s interests in JPMorgan Chase & Co. were worth $5,072,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in JPM. Curbstone Financial Management Corp increased its stake in JPMorgan Chase & Co. during the fourth quarter by 0.3%. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider’s stock worth $4,070,000 after purchasing an additional 60 shares in the last quarter. Gray Street Capital LLC increased its stake in JPMorgan Chase & Co. during the fourth quarter by 0.9%. Gray Street Capital LLC now owns 6,994 shares of the financial services provider’s stock worth $1,190,000 after purchasing an additional 60 shares in the last quarter. Financial Management Network Inc. increased its stake in JPMorgan Chase & Co. during the fourth quarter by 0.8%. Financial Management Network Inc. now owns 7,523 shares of the financial services company worth $1,296,000 after purchasing an additional 61 shares in the last quarter. Sendero Wealth Management LLC increased its stake in JPMorgan Chase & Co. during the fourth quarter by 1.1%. Sendero Wealth Management LLC now owns 5,811 shares of the financial services provider’s stock worth $988,000 after purchasing an additional 62 shares in the last quarter. Finally, Raleigh Capital Management Inc. his stake in JPMorgan Chase & Co. during the third quarter by 0.8%. Raleigh Capital Management Inc. now owns 8,151 shares of the financial services company worth $1,182,000 after purchasing an additional 64 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s shares.

Buying and selling with insider information

In related news, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the transaction, the CEO now owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In other news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction on Friday, February 16. The shares sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the sale, the CEO now owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Vice Chairman Peter Scher also sold 1,810 shares in a transaction on Friday, February 16. The stock sold at an average price of $178.96, for a total transaction of $323,917.60. Following the completion of the sale, the insider now directly owns 44,956 shares of the company’s stock, valued at approximately $8,045,325.76. The explanation of this sale can be found here. Last quarter, insiders sold 1,020,696 company shares worth $186,794,151. Insiders own 0.79% of the company’s shares.

Analysts set new price targets

A number of analysts have recently commented on JPM stock. Keefe, Bruyette & Woods raised their price target on JPMorgan Chase & Co shares. from $182.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Jefferies Financial Group raised its price target on JPMorgan Chase & Co shares. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8. Oppenheimer lowered his price target for JPMorgan Chase & Co. shares. from $219.00 to $217.00 and set an “outperform” rating on the stock in a report on Monday, April 15. Morgan Stanley lowered its price target for JPMorgan Chase & Co shares. from $221.00 to $216.00 and set an “overweight” rating on the stock in a report on Monday, April 15. Finally, Wells Fargo & Company raised its price target for JPMorgan Chase & Co. shares. from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, March 20. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

Check out our latest report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Stock Performance

JPM shares opened at $185.80 on Friday. JPMorgan Chase & Co. has a one-year low of $131.81 and a one-year high of $200.94. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. The company has a 50-day moving average of $188.83 and a 200-day moving average of $169.06. The company has a market cap of $533.63 billion, a price-to-earnings ratio of 11.22, a price-to-earnings growth ratio of 2.28, and a beta of 1.15.

JPMorgan Chase & Co. increases dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30. Investors of record on Friday, April 5 will receive a dividend of $1.15 per share. This is a positive change from JPMorgan Chase & Co’s previous quarterly dividend. from $1.05. The ex-dividend date of this dividend is Thursday, April 4. This represents a dividend of $4.60 annually and a yield of 2.48%. JPMorgan Chase & Co.’s dividend payout ratio amounts to 27.78%.

JPMorgan Chase & Co. Profile

(Free report)

JPMorgan Chase & Co is active worldwide as a financial services provider. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB) and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and credit products, cash management and payments and services; mortgage production and servicing activities; residential mortgages and mortgage loans; and credit cards, auto loans, leasing, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

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Want to see which other hedge funds own JPM? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for JPMorgan Chase & Co. (NYSE:JPM – Free Report).

Quarterly institutional ownership for JPMorgan Chase & Co.  (NYSE:JPM)



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