Arjuna Capital Has $8.23 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Key Points

• Arjuna Capital has reduced its stake in JPMorgan Chase & Co. by 9.7%, now holding a total of 33,539 shares valued at approximately $8.23 million.
• COO Jennifer Piepszak and General Counsel Stacey Friedman both sold shares of JPMorgan Chase, with Piepszak selling 6,128 shares and Friedman selling 6,608 shares, indicating significant insider activity.
• JPMorgan Chase's stock traded up 1.1% to $292.63, following a recent positive earnings report that beat analyst expectations, showing an EPS of $4.96 compared to forecasts of $4.48.

Arjuna Capital trimmed its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 9.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,539 shares of the financial services provider's stock after selling 3,597 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.3% of Arjuna Capital's holdings, making the stock its 8th largest position. Arjuna Capital's holdings in JPMorgan Chase & Co. were worth $8,227,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of JPM. Brighton Jones LLC increased its position in shares of JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after purchasing an additional 4,841 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of JPMorgan Chase & Co. by 0.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock worth $46,068,000 after purchasing an additional 1,229 shares in the last quarter. Highview Capital Management LLC DE increased its position in shares of JPMorgan Chase & Co. by 16.1% during the 4th quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock worth $3,266,000 after purchasing an additional 1,893 shares in the last quarter. KKM Financial LLC grew its holdings in JPMorgan Chase & Co. by 3.9% during the 4th quarter. KKM Financial LLC now owns 16,854 shares of the financial services provider's stock worth $4,040,000 after acquiring an additional 640 shares during the last quarter. Finally, Peninsula Wealth LLC grew its holdings in JPMorgan Chase & Co. by 6.1% during the 4th quarter. Peninsula Wealth LLC now owns 2,983 shares of the financial services provider's stock worth $715,000 after acquiring an additional 172 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the sale, the chief operating officer owned 62,455 shares of the company's stock, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 2,821 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $749,567.91. Following the completion of the sale, the general counsel directly owned 68,757 shares of the company's stock, valued at approximately $18,269,422.47. The trade was a 3.94% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 15,557 shares of company stock valued at $4,113,796. 0.47% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock traded down $2.36 during trading on Wednesday, reaching $290.49. The company's stock had a trading volume of 8,416,683 shares, compared to its average volume of 9,976,850. The business's 50-day moving average price is $284.76 and its 200-day moving average price is $263.06. The firm has a market cap of $798.77 billion, a PE ratio of 14.90, a P/E/G ratio of 1.92 and a beta of 1.11. JPMorgan Chase & Co. has a 52 week low of $200.61 and a 52 week high of $301.29. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. The company had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. JPMorgan Chase & Co.'s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.12 earnings per share. Equities analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd were given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is presently 28.73%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on JPM. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. TD Securities reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price on the stock. in a report on Friday, June 27th. Finally, Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $288.68.

About JPMorgan Chase & Co.

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.