JPMorgan Chase & Co. (JPM) Shares Sold by Bridge Creek Capital Management LLC

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Bridge Creek Capital Management LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.3% during the 4th quarter, Holdings Channel reports. The fund owned 43,222 shares of the financial services provider’s stock after selling 125 shares during the period. JPMorgan Chase & Co. accounts for 2.4% of Bridge Creek Capital Management LLC’s portfolio, making the stock its 4th biggest position. Bridge Creek Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $4,219,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Contravisory Investment Management Inc. lifted its stake in JPMorgan Chase & Co. by 188.3% in the fourth quarter. Contravisory Investment Management Inc. now owns 542 shares of the financial services provider’s stock valued at $53,000 after buying an additional 354 shares during the period. Bogart Wealth LLC lifted its stake in JPMorgan Chase & Co. by 19.0% in the fourth quarter. Bogart Wealth LLC now owns 625 shares of the financial services provider’s stock valued at $61,000 after buying an additional 100 shares during the period. Arlington Partners LLC raised its position in shares of JPMorgan Chase & Co. by 126.6% during the third quarter. Arlington Partners LLC now owns 895 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 500 shares during the period. Investment Partners LTD. raised its position in shares of JPMorgan Chase & Co. by 12.5% during the third quarter. Investment Partners LTD. now owns 21,950 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 2,436 shares during the period. Finally, O Brien Wealth Partners LLC raised its position in shares of JPMorgan Chase & Co. by 1,120.9% during the third quarter. O Brien Wealth Partners LLC now owns 1,111 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 1,020 shares during the period. Institutional investors and hedge funds own 69.88% of the company’s stock.

A number of brokerages have recently weighed in on JPM. Morgan Stanley upped their target price on JPMorgan Chase & Co. from $124.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday. Credit Suisse Group upped their target price on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday. BMO Capital Markets upped their target price on JPMorgan Chase & Co. from $116.00 to $118.00 and gave the stock a “market perform” rating in a research report on Monday. Zacks Investment Research raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Monday. Finally, HSBC set a $102.00 target price on JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $123.05.

In related news, General Counsel Stacey Friedman sold 3,022 shares of the stock in a transaction on Tuesday, January 29th. The stock was sold at an average price of $105.00, for a total value of $317,310.00. Following the completion of the sale, the general counsel now directly owns 12,519 shares of the company’s stock, valued at approximately $1,314,495. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas B. Petno sold 11,659 shares of the stock in a transaction on Tuesday, January 29th. The shares were sold at an average price of $105.00, for a total value of $1,224,195.00. The disclosure for this sale can be found here. Insiders sold a total of 39,191 shares of company stock valued at $4,102,110 over the last three months. 0.73% of the stock is currently owned by insiders.

NYSE JPM opened at $109.94 on Tuesday. The firm has a market capitalization of $381.67 billion, a P/E ratio of 12.22, a P/E/G ratio of 1.65 and a beta of 1.11. JPMorgan Chase & Co. has a 12 month low of $91.11 and a 12 month high of $119.24. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.33. The business had revenue of $29.12 billion during the quarter, compared to analyst estimates of $27.95 billion. JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. During the same period in the prior year, the firm posted $2.37 EPS. Equities analysts expect that JPMorgan Chase & Co. will post 9.68 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is currently 35.56%.

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JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. 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 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, payment processing, auto loan, and leasing services.

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

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