Brian Low Financial Group LLC Sells 4,267 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Brian Low Financial Group LLC reduced its JPMorgan Chase stake by 38.7% in Q1, selling 4,267 shares and leaving it with 6,749 shares valued at about $1.985 million.
• Insider selling continued at JPMorgan, with COO Jennifer Piepszak and General Counsel Stacey Friedman both trimming their holdings in pre-arranged Rule 10b5-1 transactions; insiders have sold 33,623 shares over the last 90 days.
• JPMorgan reported better-than-expected quarterly results, raised its dividend to $1.50 per share, and recently won approval for a new $50 billion share buyback after passing the Federal Reserve’s stress test.

Brian Low Financial Group LLC cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 38.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,749 shares of the financial services provider's stock after selling 4,267 shares during the period. JPMorgan Chase & Co. makes up 1.3% of Brian Low Financial Group LLC's portfolio, making the stock its 16th largest position. Brian Low Financial Group LLC's holdings in JPMorgan Chase & Co. were worth $1,985,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in JPM. Fidelis Capital Partners LLC raised its holdings in JPMorgan Chase & Co. by 7.9% during the 4th quarter. Fidelis Capital Partners LLC now owns 70,077 shares of the financial services provider's stock valued at $22,580,000 after buying an additional 5,101 shares during the last quarter. Howard Capital Management Inc. grew its holdings in JPMorgan Chase & Co. by 18.2% in the 4th quarter. Howard Capital Management Inc. now owns 25,784 shares of the financial services provider's stock worth $8,308,000 after acquiring an additional 3,976 shares during the last quarter. Andra AP fonden grew its holdings in JPMorgan Chase & Co. by 3.2% in the 3rd quarter. Andra AP fonden now owns 107,700 shares of the financial services provider's stock worth $33,972,000 after acquiring an additional 3,300 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in shares of JPMorgan Chase & Co. by 51.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 8,883 shares of the financial services provider's stock valued at $2,862,000 after acquiring an additional 3,027 shares during the period. Finally, Banco Santander S.A. increased its position in shares of JPMorgan Chase & Co. by 9.0% in the third quarter. Banco Santander S.A. now owns 452,612 shares of the financial services provider's stock valued at $142,767,000 after acquiring an additional 37,550 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,919 shares of the company's stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total value of $1,522,036.98. Following the sale, the chief operating officer directly owned 85,082 shares of the company's stock, valued at $26,326,072.44. This represents a 5.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $330.73, for a total value of $1,808,100.91. Following the completion of the transaction, the general counsel owned 40,961 shares of the company's stock, valued at approximately $13,547,031.53. This trade represents a 11.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 33,623 shares of company stock worth $10,427,835 over the last ninety days. 0.41% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $328.73 on Friday. JPMorgan Chase & Co. has a 1 year low of $279.10 and a 1 year high of $343.45. The company has a market cap of $880.83 billion, a P/E ratio of 15.74, a PEG ratio of 1.53 and a beta of 1.00. The firm has a 50-day moving average of $311.44 and a 200 day moving average of $308.42. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.86 and a quick ratio of 0.86.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $5.94 EPS for the quarter, topping the consensus estimate of $5.50 by $0.44. JPMorgan Chase & Co. had a net margin of 20.66% and a return on equity of 17.54%. The business had revenue of $50.54 billion during the quarter, compared to analyst estimates of $48.30 billion. During the same period last year, the business posted $5.07 earnings per share. JPMorgan Chase & Co.'s quarterly revenue was up 10.0% compared to the same quarter last year. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 22.43 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a dividend of $1.50 per share. The ex-dividend date is Monday, July 6th. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. JPMorgan Chase & Co.'s payout ratio is currently 28.74%.

More JPMorgan Chase & Co. News

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: JPMorgan cleared the Federal Reserve’s annual stress test, reinforcing that the bank is well capitalized and can withstand a severe downturn. That result supports higher payouts and helps confirm the firm’s balance-sheet strength. Article Title
• Positive Sentiment: The board approved a 10% dividend increase and a new $50 billion share buyback, which is a strong signal of confidence in earnings power and capital generation. Article Title
• Positive Sentiment: The stock recently hit an all-time high as investors reacted favorably to the dividend boost, buyback authorization, and ongoing confidence in JPMorgan’s earnings and capital return profile. Article Title

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a "neutral" rating on shares of JPMorgan Chase & Co. in a research note on Thursday. Evercore boosted their price target on JPMorgan Chase & Co. from $320.00 to $340.00 and gave the company an "outperform" rating in a report on Friday, April 17th. DZ Bank reaffirmed a "neutral" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, April 15th. Zacks Research cut JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 8th. Finally, Autonomous Res cut their price objective on JPMorgan Chase & Co. from $360.00 to $324.00 and set a "neutral" rating on the stock in a research report on Monday, April 6th. Fourteen analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Hold" and a consensus price target of $339.58.

About JPMorgan Chase & Co.

JPMorgan Chase & Co NYSE: JPM is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm's principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

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