Capital Insight Partners LLC Sells 1,328 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Capital Insight Partners LLC reduced its holdings in JPMorgan Chase & Co. by 4.1%, owning 31,422 shares valued at approximately $9.1 million, making it the 17th largest holding in their portfolio.
• Several institutional investors have increased their stakes in JPMorgan Chase, with Kingstone Capital Partners growing its position by over 609,867%, now holding 72.9 million shares valued at over $21 billion.
• JPMorgan Chase & Co. has recently announced an increase in its quarterly dividend from $1.40 to $1.50 per share, reflecting an annualized dividend yield of 1.9%.

Capital Insight Partners LLC lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,422 shares of the financial services provider's stock after selling 1,328 shares during the period. JPMorgan Chase & Co. comprises about 1.6% of Capital Insight Partners LLC's portfolio, making the stock its 17th largest holding. Capital Insight Partners LLC's holdings in JPMorgan Chase & Co. were worth $9,110,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in JPM. Kingstone Capital Partners Texas LLC grew its position in shares of JPMorgan Chase & Co. by 609,867.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 72,897,211 shares of the financial services provider's stock valued at $21,133,630,000 after acquiring an additional 72,885,260 shares during the period. Bank of New York Mellon Corp grew its position in shares of JPMorgan Chase & Co. by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 24,801,153 shares of the financial services provider's stock valued at $6,083,723,000 after acquiring an additional 454,226 shares during the period. Goldman Sachs Group Inc. grew its position in shares of JPMorgan Chase & Co. by 2.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,548,182 shares of the financial services provider's stock valued at $5,040,469,000 after acquiring an additional 548,853 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of JPMorgan Chase & Co. by 5.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,441,044 shares of the financial services provider's stock valued at $4,523,588,000 after acquiring an additional 890,553 shares during the period. Finally, Nuveen LLC bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $3,972,807,000. Institutional investors own 71.55% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on JPM shares. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price objective for the company. in a research report on Friday, June 27th. The Goldman Sachs Group set a $330.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday. Hsbc Global Res cut shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $298.00 to $336.00 and gave the stock an "equal weight" rating in a research note on Monday. Finally, Royal Bank Of Canada restated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Thursday, September 11th. Fourteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of "Hold" and a consensus target price of $303.45.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $309.89 on Friday. The stock has a market capitalization of $852.11 billion, a PE ratio of 15.90, a PEG ratio of 2.03 and a beta of 1.13. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a 50 day moving average of $300.67 and a 200-day moving average of $274.48. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (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 analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm posted $6.12 EPS. On average, equities research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

Insider Activity

In related news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the sale, the director directly owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.

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