JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Mackay Shields LLC

Mackay Shields LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 441,494 shares of the financial services provider’s stock after selling 14,984 shares during the period. Mackay Shields LLC’s holdings in JPMorgan Chase & Co. were worth $69,910,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. increased its holdings in JPMorgan Chase & Co. by 100.0% in the third quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 160 shares of the financial services provider’s stock worth $26,000 after buying an additional 80 shares during the last quarter. Lowe Wealth Advisors LLC boosted its position in JPMorgan Chase & Co. by 230.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 165 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 115 shares during the period. MFA Wealth Advisors LLC bought a new stake in JPMorgan Chase & Co. during the third quarter worth approximately $32,000. Carolina Wealth Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 176.5% in the fourth quarter. Carolina Wealth Advisors LLC now owns 235 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 150 shares during the period. Finally, PFG Private Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $59,000. Hedge funds and other institutional investors own 69.39% of the company’s stock.

Shares of NYSE:JPM opened at $125.54 on Monday. JPMorgan Chase & Co. has a twelve month low of $125.02 and a twelve month high of $172.96. The firm has a market cap of $369.06 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 2.28 and a beta of 1.11. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.83 and a current ratio of 0.82. The business has a fifty day moving average of $140.10 and a 200-day moving average of $154.09.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings results on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.07). The firm had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $30.53 billion. JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. JPMorgan Chase & Co.’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.50 EPS. On average, analysts anticipate that JPMorgan Chase & Co. will post 11.06 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, April 30th. Investors of record on Wednesday, April 6th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Tuesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio is 29.67%.

In related news, CEO Jennifer Piepszak sold 4,668 shares of the firm’s stock in a transaction dated Thursday, April 14th. The stock was sold at an average price of $126.19, for a total value of $589,054.92. Following the transaction, the chief executive officer now owns 11,135 shares in the company, valued at $1,405,125.65. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.79% of the stock is owned by company insiders.

Several research firms have recently weighed in on JPM. StockNews.com began coverage on JPMorgan Chase & Co. in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Wells Fargo & Company reduced their price objective on JPMorgan Chase & Co. from $180.00 to $150.00 and set an “equal weight” rating for the company in a research report on Monday, April 4th. Zacks Investment Research raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $147.00 price objective for the company in a research report on Monday, March 21st. Citigroup reduced their target price on JPMorgan Chase & Co. from $188.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, January 18th. Finally, Argus reduced their target price on JPMorgan Chase & Co. from $177.00 to $155.00 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $164.00.

About JPMorgan Chase & Co. (Get Rating)

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 s deposit, investment and lending products, payments, 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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