Accel Wealth Management Cuts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Accel Wealth Management lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 23.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,106 shares of the financial services provider’s stock after selling 2,541 shares during the period. Accel Wealth Management’s holdings in JPMorgan Chase & Co. were worth $1,087,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Retirement Financial Solutions LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $26,000. Creative Capital Management Investments LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth about $30,000. HBC Financial Services PLLC boosted its position in JPMorgan Chase & Co. by 61.2% during the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 90 shares during the last quarter. New Millennium Group LLC acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $39,000. Finally, Marshall & Sullivan Inc. WA acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $60,000. Hedge funds and other institutional investors own 67.89% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on JPM. Oppenheimer cut their price objective on shares of JPMorgan Chase & Co. from $186.00 to $157.00 and set an “outperform” rating for the company in a report on Thursday, March 23rd. Citigroup increased their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Morgan Stanley cut their price objective on shares of JPMorgan Chase & Co. from $173.00 to $153.00 and set an “overweight” rating for the company in a report on Wednesday, April 5th. Evercore ISI cut their price objective on shares of JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday, April 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and cut their price objective for the company from $155.00 to $145.00 in a report on Friday, January 6th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $149.33.

Insiders Place Their Bets

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In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 375 shares of JPMorgan Chase & Co. stock in a transaction 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 acquisition, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 375 shares of JPMorgan Chase & Co. stock in a transaction 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 acquisition, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 23,148 shares of the stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the sale, the general counsel now owns 48,311 shares in the company, valued at $6,778,516.41. The disclosure for this sale can be found here. Insiders have sold a total of 37,887 shares of company stock worth $5,315,762 in the last ninety days. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $128.52 on Wednesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $376.75 billion, a P/E ratio of 10.64, a PEG ratio of 1.99 and a beta of 1.10. The company has a 50 day moving average price of $135.41 and a 200 day moving average price of $130.94. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $144.34.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.11 by $0.46. The firm had revenue of $34.55 billion during the quarter, compared to analysts’ expectations of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the company posted $3.33 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 12.82 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be issued a dividend of $1.00 per share. The ex-dividend date is Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a yield of 3.11%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.11%.

About JPMorgan Chase & Co.

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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.