Cantor Fitzgerald Investment Advisors L.P. Sells 19,297 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Cantor Fitzgerald Investment Advisors L.P. cut its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 17.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 93,113 shares of the financial services provider's stock after selling 19,297 shares during the period. JPMorgan Chase & Co. makes up about 1.7% of Cantor Fitzgerald Investment Advisors L.P.'s investment portfolio, making the stock its 11th largest holding. Cantor Fitzgerald Investment Advisors L.P.'s holdings in JPMorgan Chase & Co. were worth $22,841,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Redwood Park Advisors LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $29,000. Curat Global LLC bought a new position in JPMorgan Chase & Co. in the 1st quarter worth $33,000. Sellwood Investment Partners LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter worth $34,000. Investment Counsel Co. of Nevada purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at $37,000. Finally, Prudent Man Investment Management Inc. bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $43,000. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Up 1.7%

JPM stock traded up $4.82 during mid-day trading on Thursday, reaching $288.88. 8,930,830 shares of the stock traded hands, compared to its average volume of 9,496,412. JPMorgan Chase & Co. has a one year low of $190.90 and a one year high of $289.40. The stock has a market capitalization of $802.81 billion, a PE ratio of 14.18, a PEG ratio of 2.64 and a beta of 1.08. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89. The business has a 50-day moving average price of $259.29 and a two-hundred day moving average price of $252.14.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. The firm had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $4.44 EPS. Equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a dividend of $1.40 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 1.94%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

Analyst Ratings Changes

Several research analysts have recently commented on JPM shares. Bank of America raised their price objective on JPMorgan Chase & Co. from $300.00 to $325.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 10th. Citigroup reaffirmed a "neutral" rating and set a $275.00 price target (up previously from $250.00) on shares of JPMorgan Chase & Co. in a report on Wednesday. KGI Securities assumed coverage on JPMorgan Chase & Co. in a report on Sunday, April 13th. They set a "hold" rating for the company. Finally, Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $273.15.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the completion of the sale, the director now directly owns 91,539 shares of the company's stock, valued at approximately $22,884,750. This trade represents a 9.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jennifer Piepszak sold 6,129 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.76, for a total value of $1,536,908.04. Following the transaction, the chief operating officer now owns 68,583 shares of the company's stock, valued at approximately $17,197,873.08. The trade was a 8.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,200 shares of company stock worth $18,060,015 over the last 90 days. Company insiders own 0.47% of the company's stock.

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.