Family Legacy Inc. Cuts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Family Legacy Inc. cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 31,425 shares of the financial services provider’s stock after selling 660 shares during the period. JPMorgan Chase & Co. comprises 2.6% of Family Legacy Inc.’s portfolio, making the stock its 3rd biggest holding. Family Legacy Inc.’s holdings in JPMorgan Chase & Co. were worth $7,640,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. B. Metzler seel. Sohn & Co. AG grew its holdings in shares of JPMorgan Chase & Co. by 31.4% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 465,360 shares of the financial services provider’s stock valued at $111,470,000 after acquiring an additional 111,171 shares in the last quarter. Seven Mile Advisory increased its position in shares of JPMorgan Chase & Co. by 1.8% during the 4th quarter. Seven Mile Advisory now owns 8,568 shares of the financial services provider’s stock worth $2,054,000 after purchasing an additional 150 shares during the last quarter. Colrain Capital LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $360,000. Summit Financial LLC boosted its holdings in shares of JPMorgan Chase & Co. by 8.2% in the 4th quarter. Summit Financial LLC now owns 94,276 shares of the financial services provider’s stock valued at $22,599,000 after buying an additional 7,167 shares during the last quarter. Finally, Hoey Investments Inc. grew its stake in shares of JPMorgan Chase & Co. by 40.6% in the fourth quarter. Hoey Investments Inc. now owns 36,396 shares of the financial services provider’s stock valued at $8,724,000 after buying an additional 10,517 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JPM. UBS Group increased their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. Bank of America cut their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating for the company in a research report on Wednesday. Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $215.00 to $220.00 in a report on Friday, March 7th. Finally, Barclays raised their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $254.83.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the transaction, the insider now owns 49,127 shares in the company, valued at $12,130,438.84. The trade was a 2.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the transaction, the chief executive officer now directly owns 158,381 shares of the company’s stock, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,848 shares of company stock worth $19,987,908 over the last three months. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Down 8.1 %

Shares of NYSE:JPM opened at $210.09 on Friday. The company has a market capitalization of $587.43 billion, a P/E ratio of 10.64, a P/E/G ratio of 2.83 and a beta of 1.01. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The business’s 50 day simple moving average is $254.71 and its 200 day simple moving average is $241.29. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same quarter last year, the business earned $3.04 earnings per share. JPMorgan Chase & Co.’s revenue was up 10.9% on a year-over-year basis. On average, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be given a dividend of $1.40 per share. This is a positive change 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 dividend yield of 2.67%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 28.37%.

About JPMorgan Chase & Co.

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.