Home Federal Bank of Tennessee cut its holdings in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,272 shares of the financial services provider’s stock after selling 155 shares during the quarter. JPMorgan Chase & Co. comprises about 0.9% of Home Federal Bank of Tennessee’s investment portfolio, making the stock its 19th biggest holding. Home Federal Bank of Tennessee’s holdings in JPMorgan Chase & Co. were worth $2,450,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Retirement Financial Solutions LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $26,000. HBC Financial Services PLLC raised its holdings in JPMorgan Chase & Co. by 61.2% during the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock worth $27,000 after buying an additional 90 shares during the period. Creative Capital Management Investments LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $30,000. Horizons Wealth Management acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $39,000. Finally, New Millennium Group LLC acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $39,000. 67.89% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 10,340 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the completion of the sale, the chief executive officer now owns 544,136 shares of the company’s stock, valued at $76,336,839.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Mary E. Erdoes sold 10,340 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the completion of the transaction, the chief executive officer now directly owns 544,136 shares in the company, valued at $76,336,839.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mellody L. Hobson purchased 375 shares of the business’s stock in a transaction dated Thursday, January 19th. The shares were acquired at an average price of $134.53 per share, with a total value of $50,448.75. Following the completion of the acquisition, the director now owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The disclosure for this purchase can be found here. Insiders sold 37,887 shares of company stock valued at $5,315,762 over the last 90 days. 0.79% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
JPMorgan Chase & Co. Stock Up 0.2 %
Shares of JPMorgan Chase & Co. stock opened at $129.14 on Thursday. The stock has a market capitalization of $380.10 billion, a P/E ratio of 10.69, a PEG ratio of 1.94 and a beta of 1.12. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. The stock has a 50 day moving average price of $137.16 and a two-hundred day moving average price of $130.01. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $144.34.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) 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 return on equity of 14.68% and a net margin of 24.34%. The company’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.33 earnings per share. Equities analysts expect that JPMorgan Chase & Co. will post 12.88 earnings per share for the current year.
JPMorgan Chase & Co. Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a yield of 3.10%. JPMorgan Chase & Co.’s payout ratio is currently 33.11%.
JPMorgan Chase & Co. Company Profile
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.
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