JPMorgan Chase & Co. (JPM) Shares Sold by Tillar Wenstrup Advisors LLC

Tillar Wenstrup Advisors LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,789 shares of the financial services provider’s stock after selling 616 shares during the period. Tillar Wenstrup Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JPM. Janus Henderson Group PLC grew its position in JPMorgan Chase & Co. by 517.3% during the 2nd quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock worth $507,632,000 after purchasing an additional 4,654,113 shares in the last quarter. Alliancebernstein L.P. grew its position in JPMorgan Chase & Co. by 29.2% during the 2nd quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock worth $1,595,542,000 after purchasing an additional 3,945,948 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after buying an additional 3,717,683 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of JPMorgan Chase & Co. by 40.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock valued at $892,886,000 after buying an additional 2,828,726 shares during the period. Finally, Harbour Capital Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 8,767.4% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,794,464 shares of the financial services provider’s stock valued at $30,574,000 after buying an additional 2,762,950 shares during the period. Hedge funds and other institutional investors own 73.75% of the company’s stock.

A number of brokerages have issued reports on JPM. Keefe, Bruyette & Woods reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 11th. Deutsche Bank lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lifted their target price for the company from $90.00 to $96.00 in a research note on Tuesday, September 26th. Robert W. Baird reissued a “hold” rating and set a $88.00 target price on shares of JPMorgan Chase & Co. in a research note on Thursday, September 21st. Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Friday, December 8th. Finally, Jefferies Group reissued a “buy” rating and set a $102.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, September 15th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. presently has an average rating of “Hold” and an average target price of $93.63.

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $109.04 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $110.03. The stock has a market cap of $378,340.00, a price-to-earnings ratio of 15.64, a P/E/G ratio of 2.11 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.09. JPMorgan Chase & Co. had a net margin of 24.08% and a return on equity of 11.68%. The business had revenue of $25.33 billion during the quarter, compared to analyst estimates of $24.91 billion. During the same quarter in the previous year, the business earned $1.58 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 2.6% compared to the same quarter last year. research analysts forecast that JPMorgan Chase & Co. will post 6.92 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is presently 32.14%.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the transaction, the general counsel now owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.88% of the stock is currently owned by insiders.

TRADEMARK VIOLATION WARNING: This piece was posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another publication, it was illegally copied and republished in violation of United States & international copyright and trademark law. The legal version of this piece can be accessed at https://www.chaffeybreeze.com/2018/01/05/jpmorgan-chase-co-jpm-shares-sold-by-tillar-wenstrup-advisors-llc.html.

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.

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply