Advisory Alpha LLC Reduces Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Advisory Alpha LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 29.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 8,388 shares of the financial services provider's stock after selling 3,498 shares during the quarter. Advisory Alpha LLC's holdings in JPMorgan Chase & Co. were worth $2,058,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Redwood Park Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $29,000. Sellwood Investment Partners LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $34,000. Investment Counsel Co. of Nevada purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $37,000. Midwest Capital Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $43,000. Finally, Prudent Man Investment Management Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $43,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Jennifer Piepszak sold 4,272 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $247.03, for a total value of $1,055,312.16. Following the sale, the chief operating officer now owns 50,197 shares in the company, valued at approximately $12,400,164.91. The trade was a 7.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jeremy Barnum sold 40,014 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the completion of the sale, the chief financial officer now owns 18,017 shares in the company, valued at $4,518,123.09. This represents a 68.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,594 shares of company stock worth $23,991,061 over the last quarter. Insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a "buy" rating and a $305.00 price objective on the stock. Morgan Stanley reiterated an "equal weight" rating on shares of JPMorgan Chase & Co. in a research note on Monday. KGI Securities assumed coverage on shares of JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a "hold" rating on the stock. Finally, UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $267.15.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock traded up $0.90 on Monday, hitting $264.90. 4,099,618 shares of the company traded hands, compared to its average volume of 9,543,613. The stock has a market capitalization of $736.18 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a 52 week low of $190.88 and a 52 week high of $280.25. The business has a 50-day simple moving average of $245.86 and a 200 day simple moving average of $249.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.44. The firm had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.44 earnings per share. Research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is currently 27.49%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.