Galvin Gaustad & Stein LLC Sells 7,507 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Galvin Gaustad & Stein LLC reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 129,784 shares of the financial services provider’s stock after selling 7,507 shares during the quarter. JPMorgan Chase & Co. comprises 2.8% of Galvin Gaustad & Stein LLC’s holdings, making the stock its 4th biggest position. Galvin Gaustad & Stein LLC’s holdings in JPMorgan Chase & Co. were worth $31,110,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in JPM. Mizuho Securities Co. Ltd. bought a new position in JPMorgan Chase & Co. in the third quarter valued at approximately $25,000. Catalyst Capital Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the 3rd quarter worth $27,000. West Financial Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth $37,000. New England Capital Financial Advisors LLC increased its holdings in JPMorgan Chase & Co. by 38.5% in the third quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 50 shares during the last quarter. Finally, Carolina Wealth Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 36.0% during the third quarter. Carolina Wealth Advisors LLC now owns 189 shares of the financial services provider’s stock worth $40,000 after buying an additional 50 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the sale, the general counsel now directly owns 47,620 shares of the company’s stock, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.79% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Evercore ISI increased their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. UBS Group boosted their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Citigroup raised their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Hold” and a consensus price target of $251.78.

JPMorgan Chase & Co. Stock Up 0.4 %

JPM stock opened at $265.83 on Tuesday. The company has a market cap of $748.41 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 2.83 and a beta of 1.11. JPMorgan Chase & Co. has a twelve month low of $171.30 and a twelve month high of $267.10. The business has a 50 day moving average price of $245.67 and a two-hundred day moving average price of $226.51. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same period in the previous year, the company earned $3.04 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Analysts anticipate that JPMorgan Chase & Co. will post 17.82 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.88%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.33%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of 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.