JPMorgan Chase & Co. $JPM Holdings Trimmed by Butensky & Cohen Financial Security Inc.

Key Points

• Butensky & Cohen Financial Security Inc. reduced its stake in JPMorgan Chase & Co. by 4.4%, holding 22,035 shares valued at approximately $6.39 million, making it the firm's fourth largest holding.
• JPMorgan Chase & Co. recently announced a quarterly dividend increase to $1.50 per share, up from $1.40, with a dividend yield of 1.9%.
• Analysts generally maintain a positive outlook on JPMorgan, with a consensus rating of "Moderate Buy" and a target price of $292.78.

Butensky & Cohen Financial Security Inc. lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,035 shares of the financial services provider's stock after selling 1,014 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.9% of Butensky & Cohen Financial Security Inc.'s holdings, making the stock its 4th largest holding. Butensky & Cohen Financial Security Inc.'s holdings in JPMorgan Chase & Co. were worth $6,388,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Florida Financial Advisors LLC grew its holdings in JPMorgan Chase & Co. by 62.5% during the first quarter. Florida Financial Advisors LLC now owns 9,863 shares of the financial services provider's stock worth $2,416,000 after purchasing an additional 3,792 shares during the period. Crown Wealth Group LLC raised its position in JPMorgan Chase & Co. by 5.4% during the first quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider's stock valued at $1,060,000 after purchasing an additional 222 shares in the last quarter. Mosaic Financial Group LLC grew its position in JPMorgan Chase & Co. by 0.8% during the 1st quarter. Mosaic Financial Group LLC now owns 9,296 shares of the financial services provider's stock worth $2,280,000 after acquiring an additional 78 shares during the last quarter. Morse Asset Management Inc grew its position in JPMorgan Chase & Co. by 19.5% during the 1st quarter. Morse Asset Management Inc now owns 2,569 shares of the financial services provider's stock worth $630,000 after acquiring an additional 420 shares during the last quarter. Finally, Hidden Cove Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 4.2% in the first quarter. Hidden Cove Wealth Management LLC now owns 2,758 shares of the financial services provider's stock valued at $677,000 after purchasing an additional 112 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the transaction, the director owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Price Performance

NYSE JPM traded down $2.23 on Monday, hitting $312.55. The company had a trading volume of 7,508,137 shares, compared to its average volume of 7,917,725. JPMorgan Chase & Co. has a 12-month low of $202.16 and a 12-month high of $315.80. The company has a market capitalization of $859.42 billion, a PE ratio of 16.04, a PEG ratio of 2.09 and a beta of 1.13. The company's fifty day moving average price is $296.43 and its 200-day moving average price is $269.43. 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 released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same quarter in the prior year, the firm earned $6.12 earnings per share. The company's revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be issued a $1.50 dividend. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. The ex-dividend date is Monday, October 6th. This represents a $6.00 annualized dividend and a yield of 1.9%. JPMorgan Chase & Co.'s payout ratio is 28.73%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on JPM shares. Phillip Securities cut shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Thursday, September 11th. Morgan Stanley lifted their target price on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Citigroup set a $275.00 price objective on shares of JPMorgan Chase & Co. and gave the company a "buy" rating in a research report on Monday, July 7th. Finally, Bank of America lifted their target price on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $292.78.

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.