Livingston Group Asset Management CO operating as Southport Capital Management Sells 176 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Livingston Group Asset Management CO operating as Southport Capital Management decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,295 shares of the financial services provider’s stock after selling 176 shares during the period. JPMorgan Chase & Co. comprises approximately 0.9% of Livingston Group Asset Management CO operating as Southport Capital Management’s investment portfolio, making the stock its 27th biggest holding. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in JPMorgan Chase & Co. were worth $2,452,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Arlington Partners LLC boosted its holdings in JPMorgan Chase & Co. by 21.5% during the fourth quarter. Arlington Partners LLC now owns 480 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 85 shares during the last quarter. Johnson Financial Group Inc. lifted its position in shares of JPMorgan Chase & Co. by 0.3% during the 3rd quarter. Johnson Financial Group Inc. now owns 30,520 shares of the financial services provider’s stock worth $2,938,000 after buying an additional 89 shares in the last quarter. Stuart Chaussee & Associates Inc. boosted its stake in shares of JPMorgan Chase & Co. by 25.9% in the 3rd quarter. Stuart Chaussee & Associates Inc. now owns 466 shares of the financial services provider’s stock worth $45,000 after buying an additional 96 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 2.0% in the third quarter. Tortoise Investment Management LLC now owns 5,018 shares of the financial services provider’s stock valued at $483,000 after acquiring an additional 100 shares in the last quarter. Finally, First National Bank Sioux Falls grew its holdings in shares of JPMorgan Chase & Co. by 1.4% in the fourth quarter. First National Bank Sioux Falls now owns 7,366 shares of the financial services provider’s stock valued at $936,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 62.92% of the company’s stock.

In other JPMorgan Chase & Co. news, CFO Jennifer Piepszak sold 3,297 shares of the stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $101.11, for a total value of $333,359.67. Also, insider Nicole Giles sold 2,281 shares of the firm’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $100.98, for a total transaction of $230,335.38. In the last ninety days, insiders have sold 21,386 shares of company stock valued at $2,460,813. 0.78% of the stock is owned by corporate insiders.

Shares of NYSE JPM opened at $140.35 on Thursday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.88 and a current ratio of 0.88. JPMorgan Chase & Co. has a fifty-two week low of $76.91 and a fifty-two week high of $141.66. The stock has a market cap of $427.82 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 3.20 and a beta of 1.22. The stock has a fifty day moving average of $124.63 and a 200-day moving average of $106.64.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Monday, October 19th. The financial services provider reported $2.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.23 by $0.69. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. The business had revenue of $29.90 billion during the quarter, compared to analyst estimates of $28.20 billion. During the same quarter in the previous year, the firm earned $2.68 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 7.48 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, January 31st. Stockholders of record on Wednesday, January 6th will be given a $0.90 dividend. The ex-dividend date is Tuesday, January 5th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.57%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 34.35%.

Several research analysts have weighed in on JPM shares. Keefe, Bruyette & Woods cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $125.00 to $130.00 in a research report on Wednesday, November 18th. Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “underweight” rating in a report on Monday, November 30th. Barclays increased their price target on shares of JPMorgan Chase & Co. from $144.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, January 4th. Daiwa Capital Markets started coverage on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 6th. They issued an “outperform” rating and a $139.00 price objective on the stock. Finally, Bank of America upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eighteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $121.51.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in 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.

See Also: Dividend Yield

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

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