Montis Financial LLC Sells 104 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Montis Financial LLC reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,525 shares of the financial services provider’s stock after selling 104 shares during the quarter. Montis Financial LLC’s holdings in JPMorgan Chase & Co. were worth $430,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in JPM. Morgan Stanley boosted its stake in JPMorgan Chase & Co. by 0.3% during the 3rd quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider’s stock valued at $9,127,754,000 after purchasing an additional 201,441 shares during the last quarter. FMR LLC boosted its position in shares of JPMorgan Chase & Co. by 1.2% during the third quarter. FMR LLC now owns 49,417,639 shares of the financial services provider’s stock valued at $7,166,546,000 after buying an additional 606,382 shares during the last quarter. Wellington Management Group LLP grew its holdings in JPMorgan Chase & Co. by 12.2% during the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after buying an additional 4,603,090 shares in the last quarter. Northern Trust Corp raised its position in JPMorgan Chase & Co. by 2.7% in the 3rd quarter. Northern Trust Corp now owns 33,089,310 shares of the financial services provider’s stock valued at $4,798,612,000 after buying an additional 871,091 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in JPMorgan Chase & Co. by 2.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 23,724,676 shares of the financial services provider’s stock valued at $3,442,313,000 after acquiring an additional 457,184 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $179.00, for a total value of $602,872.00. Following the sale, the insider now directly owns 202,093 shares in the company, valued at approximately $36,174,647. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction on Friday, February 16th. The stock was sold at an average price of $179.00, for a total transaction of $602,872.00. Following the sale, the insider now directly owns 202,093 shares of the company’s stock, valued at $36,174,647. The disclosure for this sale can be found here. Insiders have sold a total of 1,063,506 shares of company stock worth $195,024,605 over the last ninety days. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $195.63 on Thursday. The firm’s 50 day moving average is $191.74 and its 200 day moving average is $173.16. The stock has a market capitalization of $561.78 billion, a P/E ratio of 11.81, a PEG ratio of 2.38 and a beta of 1.13. JPMorgan Chase & Co. has a 12 month low of $133.13 and a 12 month high of $200.94. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The firm had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 15.98 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were given a dividend of $1.15 per share. The ex-dividend date was Thursday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 2.35%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Analyst Upgrades and Downgrades

JPM has been the subject of several analyst reports. Morgan Stanley lowered their target price on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a report on Monday, April 15th. BMO Capital Markets decreased their price objective on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research note on Monday, April 15th. Royal Bank of Canada restated an “outperform” rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. UBS Group decreased their price target on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Finally, Jefferies Financial Group boosted their price objective on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.05.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.