JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Timber Creek Capital Management LLC

Timber Creek Capital Management LLC trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.3% in the first quarter, Holdings Channel reports. The firm owned 1,950 shares of the financial services provider’s stock after selling 67 shares during the period. Timber Creek Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $296,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $3,501,714,000. Sanders Capital LLC lifted its stake in JPMorgan Chase & Co. by 364.4% during the fourth quarter. Sanders Capital LLC now owns 12,191,489 shares of the financial services provider’s stock worth $1,661,572,000 after purchasing an additional 9,566,427 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in JPMorgan Chase & Co. by 22.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,288,837 shares of the financial services provider’s stock worth $3,848,803,000 after purchasing an additional 5,610,076 shares during the last quarter. Morgan Stanley lifted its stake in JPMorgan Chase & Co. by 5.5% during the fourth quarter. Morgan Stanley now owns 39,207,003 shares of the financial services provider’s stock worth $4,982,034,000 after purchasing an additional 2,044,249 shares during the last quarter. Finally, FMR LLC lifted its stake in JPMorgan Chase & Co. by 4.6% during the fourth quarter. FMR LLC now owns 38,458,423 shares of the financial services provider’s stock worth $4,886,911,000 after purchasing an additional 1,691,888 shares during the last quarter. Institutional investors own 69.02% of the company’s stock.

Shares of NYSE:JPM opened at $150.54 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.16. JPMorgan Chase & Co. has a 52-week low of $82.40 and a 52-week high of $161.69. The stock’s fifty day simple moving average is $153.59 and its 200-day simple moving average is $130.48. The company has a market capitalization of $456.45 billion, a P/E ratio of 19.68, a P/E/G ratio of 2.87 and a beta of 1.23.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, April 13th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.10 by $1.40. The business had revenue of $32.30 billion for the quarter, compared to the consensus estimate of $29.97 billion. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. The business’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 earnings per share. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 7.83 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 30th. Shareholders of record on Tuesday, April 6th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, April 5th. This represents a $3.60 annualized dividend and a yield of 2.39%. JPMorgan Chase & Co.’s dividend payout ratio is presently 34.35%.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 11,930 shares of the company’s stock in a transaction dated Thursday, April 15th. The stock was sold at an average price of $150.91, for a total transaction of $1,800,356.30. Also, CEO Douglas B. Petno sold 22,011 shares of the company’s stock in a transaction dated Friday, January 29th. The stock was sold at an average price of $129.84, for a total value of $2,857,908.24. Insiders have sold 83,141 shares of company stock valued at $12,082,545 over the last 90 days. 0.78% of the stock is currently owned by insiders.

Several research firms recently weighed in on JPM. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 14th. Zacks Investment Research raised JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating and set a $177.00 price target on the stock in a research report on Monday. Bank of America raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 13th. Oppenheimer reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, January 19th. Finally, Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $135.00 to $150.00 and gave the stock a “market perform” rating in a research report on Monday, January 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. JPMorgan Chase & Co. currently has a consensus rating of “Buy” and a consensus price target of $145.23.

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, auto loan, and leasing services.

Further Reading: Do equity income investments outperform growth and income investments?

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

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