Bradley Foster & Sargent Inc. CT reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 874,602 shares of the financial services provider’s stock after selling 15,240 shares during the quarter. JPMorgan Chase & Co. comprises approximately 3.4% of Bradley Foster & Sargent Inc. CT’s portfolio, making the stock its 2nd largest holding. Bradley Foster & Sargent Inc. CT’s holdings in JPMorgan Chase & Co. were worth $85,379,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Adirondack Trust Co. raised its position in JPMorgan Chase & Co. by 0.5% during the fourth quarter. Adirondack Trust Co. now owns 20,026 shares of the financial services provider’s stock valued at $1,955,000 after acquiring an additional 99 shares in the last quarter. Bogart Wealth LLC raised its position in JPMorgan Chase & Co. by 19.0% during the fourth quarter. Bogart Wealth LLC now owns 625 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 100 shares in the last quarter. Watch Point Trust Co raised its position in JPMorgan Chase & Co. by 0.3% during the fourth quarter. Watch Point Trust Co now owns 35,305 shares of the financial services provider’s stock valued at $3,447,000 after acquiring an additional 104 shares in the last quarter. New Potomac Partners LLC raised its position in JPMorgan Chase & Co. by 0.5% during the fourth quarter. New Potomac Partners LLC now owns 23,102 shares of the financial services provider’s stock valued at $2,255,000 after acquiring an additional 105 shares in the last quarter. Finally, Truewealth LLC raised its position in JPMorgan Chase & Co. by 0.8% during the fourth quarter. Truewealth LLC now owns 14,215 shares of the financial services provider’s stock valued at $1,388,000 after acquiring an additional 108 shares in the last quarter. Institutional investors and hedge funds own 69.48% of the company’s stock.

In related news, Director Mellody L. Hobson bought 1,700 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were acquired at an average price of $114.26 per share, with a total value of $194,242.00. Following the completion of the transaction, the director now owns 7,485 shares of the company’s stock, valued at approximately $855,236.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas B. Petno sold 18,303 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $109.74, for a total transaction of $2,008,571.22. Following the transaction, the chief executive officer now directly owns 259,386 shares in the company, valued at approximately $28,465,019.64. The disclosure for this sale can be found here. Insiders have sold 157,573 shares of company stock worth $17,293,454 in the last ninety days. 0.76% of the stock is currently owned by insiders.

A number of equities analysts have recently commented on JPM shares. BMO Capital Markets dropped their price target on shares of JPMorgan Chase & Co. from $124.00 to $123.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 16th. Zacks Investment Research lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. Barclays reissued a “buy” rating and issued a $140.00 price target on shares of JPMorgan Chase & Co. in a research report on Thursday, February 21st. Morgan Stanley lifted their price target on shares of JPMorgan Chase & Co. from $124.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Finally, Credit Suisse Group lifted their price target on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $123.85.

Shares of JPM stock opened at $109.90 on Thursday. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $119.24. The firm has a market cap of $375.63 billion, a P/E ratio of 12.21, a P/E/G ratio of 1.56 and a beta of 1.16. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.00 and a current ratio of 1.00.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.33. JPMorgan Chase & Co. had a net margin of 24.28% and a return on equity of 14.23%. The business had revenue of $29.12 billion for the quarter, compared to analyst estimates of $27.95 billion. During the same quarter in the previous year, the firm posted $2.37 earnings per share. Analysts predict that JPMorgan Chase & Co. will post 10 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 35.56%.

ILLEGAL ACTIVITY NOTICE: “Bradley Foster & Sargent Inc. CT Sells 15,240 Shares of JPMorgan Chase & Co. (JPM)” was first published by Marea Informative and is owned by of Marea Informative. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://www.mareainformativa.com/news/2019/05/16/bradley-foster-sargent-inc-ct-sells-15240-shares-of-jpmorgan-chase-co-jpm.html.

About JPMorgan Chase & Co.

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 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, payment processing, auto loan, and leasing services.

Read More: Gross Domestic Product (GDP)

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.