Frontier Wealth Management LLC Sells 900 Shares of JPMorgan Chase & Co. (JPM)

Frontier Wealth Management LLC reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,812 shares of the financial services provider’s stock after selling 900 shares during the period. Frontier Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,918,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its position in JPMorgan Chase & Co. by 7.5% in the fourth quarter. State Street Corp now owns 169,177,566 shares of the financial services provider’s stock valued at $14,598,334,000 after buying an additional 11,844,085 shares during the period. FMR LLC boosted its position in JPMorgan Chase & Co. by 19.4% in the fourth quarter. FMR LLC now owns 96,587,143 shares of the financial services provider’s stock valued at $8,334,505,000 after buying an additional 15,715,835 shares during the period. Dimensional Fund Advisors LP boosted its position in JPMorgan Chase & Co. by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 27,903,541 shares of the financial services provider’s stock valued at $2,407,756,000 after buying an additional 340,065 shares during the period. UBS Asset Management Americas Inc. boosted its position in JPMorgan Chase & Co. by 1.5% in the third quarter. UBS Asset Management Americas Inc. now owns 13,303,093 shares of the financial services provider’s stock valued at $885,852,000 after buying an additional 202,633 shares during the period. Finally, Sanders Capital LLC boosted its position in JPMorgan Chase & Co. by 0.9% in the third quarter. Sanders Capital LLC now owns 9,290,326 shares of the financial services provider’s stock valued at $633,451,000 after buying an additional 83,400 shares during the period. 73.65% of the stock is currently owned by institutional investors and hedge funds.

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

JPMorgan Chase & Co. (NYSE:JPM) traded down 1.20% during trading on Friday, hitting $84.52. The stock had a trading volume of 20,776,532 shares. JPMorgan Chase & Co. has a 52-week low of $57.05 and a 52-week high of $93.98. The company has a market cap of $300.28 billion, a price-to-earnings ratio of 13.01 and a beta of 1.49. The firm’s 50-day moving average price is $88.46 and its 200-day moving average price is $82.54. JPMorgan Chase & Co. also saw some unusual options trading activity on Wednesday. Stock traders purchased 7,306 put options on the stock. This represents an increase of approximately 125% compared to the typical volume of 3,243 put options.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Thursday, April 13th. The financial services provider reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.13. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 10.91%. The company earned $25.59 billion during the quarter, compared to the consensus estimate of $24.40 billion. During the same quarter in the prior year, the firm posted $1.35 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 6.2% on a year-over-year basis. Analysts predict that JPMorgan Chase & Co. will post $6.69 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Tuesday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.48. JPMorgan Chase & Co.’s dividend payout ratio is currently 31.02%.

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Several equities analysts have recently issued reports on the company. Nomura reissued a “neutral” rating and set a $83.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday. Keefe, Bruyette & Woods restated a “market perform” rating and set a $47.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, April 14th. Sandler O’Neill restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 11th. Goldman Sachs Group Inc set a $89.00 price target on JPMorgan Chase & Co. and gave the company a “hold” rating in a research report on Wednesday, January 11th. Finally, CLSA restated a “buy” rating and set a $79.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 11th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $79.03.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 10,792 shares of the company’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $85.07, for a total value of $918,075.44. Following the completion of the transaction, the general counsel now owns 63,344 shares in the company, valued at $5,388,674.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Matthew E. Zames sold 3,405 shares of the stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $85.06, for a total transaction of $289,629.30. Following the sale, the chief operating officer now owns 329,019 shares of the company’s stock, valued at approximately $27,986,356.14. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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