Bank of New Hampshire Sells 1,820 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Bank of New Hampshire trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 34,013 shares of the financial services provider’s stock after selling 1,820 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.4% of Bank of New Hampshire’s portfolio, making the stock its 17th largest position. Bank of New Hampshire’s holdings in JPMorgan Chase & Co. were worth $4,561,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. HBC Financial Services PLLC raised its holdings in JPMorgan Chase & Co. by 61.2% during the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after buying an additional 90 shares during the last quarter. Grayhawk Investment Strategies Inc. bought a new position in shares of JPMorgan Chase & Co. during the second quarter valued at about $32,000. Horizons Wealth Management purchased a new stake in shares of JPMorgan Chase & Co. during the second quarter worth about $39,000. New Millennium Group LLC bought a new stake in shares of JPMorgan Chase & Co. in the second quarter worth about $39,000. Finally, Parkwood LLC raised its position in JPMorgan Chase & Co. by 7.1% during the 2nd quarter. Parkwood LLC now owns 43,703 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 2,885 shares during the last quarter. 67.89% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Mellody L. Hobson bought 375 shares of the stock in a transaction that occurred on Thursday, January 19th. The shares were bought at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the transaction, the director now owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, General Counsel Stacey Friedman sold 23,148 shares of the stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total value of $3,247,895.88. Following the completion of the sale, the general counsel now directly owns 48,311 shares of the company’s stock, valued at $6,778,516.41. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mellody L. Hobson acquired 375 shares of the firm’s stock in a transaction dated Thursday, January 19th. The shares were purchased at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the transaction, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 37,887 shares of company stock valued at $5,315,762. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Down 3.8 %

JPMorgan Chase & Co. stock opened at $125.81 on Friday. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $144.34. The business’s fifty day moving average is $139.06 and its 200 day moving average is $129.31. The stock has a market capitalization of $370.30 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 1.99 and a beta of 1.12. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.11 by $0.46. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The firm had revenue of $34.55 billion for the quarter, compared to the consensus estimate of $34.23 billion. During the same quarter last year, the firm posted $3.33 EPS. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 12.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Credit Suisse Group set a $155.00 target price on JPMorgan Chase & Co. in a report on Monday, February 27th. UBS Group set a $156.00 target price on JPMorgan Chase & Co. in a report on Friday, January 13th. Piper Sandler raised their target price on JPMorgan Chase & Co. from $150.00 to $157.00 in a research note on Tuesday, January 17th. Deutsche Bank Aktiengesellschaft cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their price target for the stock from $155.00 to $145.00 in a research note on Friday, January 6th. Finally, Oppenheimer raised their price objective on JPMorgan Chase & Co. from $177.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, February 2nd. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $150.78.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.