JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Nachman Norwood & Parrott Inc


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Nachman Norwood & Parrott Inc lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,886 shares of the financial services provider’s stock after selling 250 shares during the quarter. Nachman Norwood & Parrott Inc’s holdings in JPMorgan Chase & Co. were worth $4,093,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of JPM. Heritage Wealth Advisors grew its stake in shares of JPMorgan Chase & Co. by 217.0% during the 4th quarter. Heritage Wealth Advisors now owns 49,563 shares of the financial services provider’s stock worth $6,298,000 after purchasing an additional 33,930 shares during the period. Pacifica Partners Inc. grew its stake in shares of JPMorgan Chase & Co. by 12.4% during the 4th quarter. Pacifica Partners Inc. now owns 19,140 shares of the financial services provider’s stock worth $2,400,000 after purchasing an additional 2,118 shares during the period. Next Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 5.1% during the 4th quarter. Next Capital Management LLC now owns 21,533 shares of the financial services provider’s stock worth $2,736,000 after purchasing an additional 1,045 shares during the period. TruWealth Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $9,248,000. Finally, Mandatum Life Insurance Co Ltd grew its stake in shares of JPMorgan Chase & Co. by 48.9% during the 4th quarter. Mandatum Life Insurance Co Ltd now owns 36,500 shares of the financial services provider’s stock worth $4,638,000 after purchasing an additional 11,986 shares during the period. Institutional investors own 69.02% of the company’s stock.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 11,930 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, April 15th. The shares were sold at an average price of $150.91, for a total transaction of $1,800,356.30. Also, CEO Douglas B. Petno sold 22,011 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, January 29th. The shares were sold at an average price of $129.84, for a total transaction of $2,857,908.24. Over the last quarter, insiders have sold 83,141 shares of company stock valued at $12,082,545. Company insiders own 0.78% of the company’s stock.

JPM has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $135.00 to $150.00 and gave the company a “market perform” rating in a research note on Monday, January 18th. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday. Oppenheimer reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, January 19th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of JPMorgan Chase & Co. from $142.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, April 1st. Finally, Credit Suisse Group lifted their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Monday, March 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $143.23.

Shares of NYSE JPM traded up $1.60 during trading on Friday, hitting $153.77. 344,451 shares of the company were exchanged, compared to its average volume of 15,460,797. JPMorgan Chase & Co. has a 12-month low of $82.40 and a 12-month high of $161.69. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.88 and a current ratio of 0.88. The company has a fifty day moving average price of $153.23 and a 200-day moving average price of $128.82. The firm has a market capitalization of $466.25 billion, a PE ratio of 20.10, a P/E/G ratio of 2.87 and a beta of 1.23.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, April 13th. The financial services provider reported $4.50 EPS for the quarter, topping the consensus estimate of $3.10 by $1.40. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. The business had revenue of $32.30 billion for the quarter, compared to analyst estimates of $29.97 billion. During the same quarter in the previous year, the firm earned $0.78 EPS. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. Research analysts anticipate that JPMorgan Chase & Co. will post 7.83 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 30th. Shareholders of record on Tuesday, April 6th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.34%. The ex-dividend date is Monday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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