Sentry Investment Management LLC Sells 2,920 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Sentry Investment Management LLC reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 21.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,454 shares of the financial services provider’s stock after selling 2,920 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.2% of Sentry Investment Management LLC’s investment portfolio, making the stock its 13th largest position. Sentry Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,506,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of JPM. Prossimo Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 0.5% during the third quarter. Prossimo Advisors LLC now owns 8,740 shares of the financial services provider’s stock worth $1,843,000 after acquiring an additional 47 shares during the period. White Pine Investment CO raised its stake in shares of JPMorgan Chase & Co. by 1.0% in the third quarter. White Pine Investment CO now owns 37,683 shares of the financial services provider’s stock valued at $7,946,000 after buying an additional 357 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of JPMorgan Chase & Co. by 0.8% in the third quarter. Janney Montgomery Scott LLC now owns 1,793,267 shares of the financial services provider’s stock valued at $378,128,000 after buying an additional 14,224 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of JPMorgan Chase & Co. by 1.0% in the third quarter. Harbor Capital Advisors Inc. now owns 58,861 shares of the financial services provider’s stock valued at $12,411,000 after buying an additional 579 shares during the period. Finally, Latitude Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 2.1% in the third quarter. Latitude Advisors LLC now owns 5,258 shares of the financial services provider’s stock valued at $1,109,000 after buying an additional 110 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the transaction, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. This represents a 19.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the transaction, the insider now owns 50,377 shares of the company’s stock, valued at $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 46,326 shares of company stock worth $12,448,445. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $246.12 on Friday. JPMorgan Chase & Co. has a 52 week low of $179.20 and a 52 week high of $280.25. The business has a 50-day simple moving average of $259.38 and a 200 day simple moving average of $238.07. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The stock has a market cap of $688.17 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 2.83 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. During the same period in the previous year, the business earned $3.04 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. On average, research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 25.33%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on JPM. UBS Group boosted their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods boosted their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research note on Friday, January 3rd. Finally, Barclays lifted their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $251.78.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.