JPMorgan Chase & Co. (NYSE:JPM) is Brookmont Capital Management's 4th Largest Position

Key Points

• Brookmont Capital Management reduced its holdings in JPMorgan Chase & Co. by 8.8% during the first quarter, making it the firm's 4th largest position, valued at approximately $5.1 million.
• Insider transactions revealed Stacey Friedman and Jennifer Piepszak sold shares of JPMorgan, highlighting a 15.32% and 8.94% decrease in their respective ownership stakes.
• JPMorgan Chase recently reported $4.96 EPS, exceeding consensus estimates, but also noted a 10.5% decline in revenue compared to the previous year.

Brookmont Capital Management decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 8.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,897 shares of the financial services provider's stock after selling 2,013 shares during the period. JPMorgan Chase & Co. comprises approximately 2.9% of Brookmont Capital Management's holdings, making the stock its 4th largest position. Brookmont Capital Management's holdings in JPMorgan Chase & Co. were worth $5,126,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Integrity Financial Corp WA lifted its stake in shares of JPMorgan Chase & Co. by 18.4% during the 1st quarter. Integrity Financial Corp WA now owns 3,314 shares of the financial services provider's stock valued at $813,000 after buying an additional 516 shares in the last quarter. NS Partners Ltd lifted its stake in shares of JPMorgan Chase & Co. by 1.4% during the 1st quarter. NS Partners Ltd now owns 176,708 shares of the financial services provider's stock valued at $43,346,000 after buying an additional 2,438 shares in the last quarter. Savvy Advisors Inc. lifted its stake in shares of JPMorgan Chase & Co. by 11.2% during the 1st quarter. Savvy Advisors Inc. now owns 21,759 shares of the financial services provider's stock valued at $5,337,000 after buying an additional 2,193 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of JPMorgan Chase & Co. by 44.4% during the 1st quarter. National Bank of Canada FI now owns 4,518,740 shares of the financial services provider's stock valued at $1,108,415,000 after buying an additional 1,388,992 shares in the last quarter. Finally, LaSalle St. Investment Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 13.1% during the 1st quarter. LaSalle St. Investment Advisors LLC now owns 6,753 shares of the financial services provider's stock valued at $1,656,000 after buying an additional 783 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the transaction, the general counsel directly owned 36,520 shares in the company, valued at approximately $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the sale, the chief operating officer directly owned 62,455 shares of the company's stock, valued at $16,392,563.85. The trade was a 8.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,557 shares of company stock worth $4,113,796 over the last 90 days. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded down $2.36 during mid-day trading on Wednesday, hitting $290.49. 8,416,683 shares of the company's stock traded hands, compared to its average volume of 8,127,799. The company has a market capitalization of $798.77 billion, a P/E ratio of 14.90, a PEG ratio of 1.95 and a beta of 1.11. JPMorgan Chase & Co. has a 1 year low of $200.61 and a 1 year high of $301.29. The company's 50-day moving average is $285.29 and its two-hundred day moving average is $263.25. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating the consensus estimate of $4.48 by $0.48. The company had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The firm's revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.12 EPS. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. Phillip Securities cut shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Robert W. Baird cut shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target on the stock. in a research note on Friday, June 27th. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, TD Securities reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $288.68.

JPMorgan Chase & Co. 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.