JPMorgan Chase & Co. (NYSE:JPM) Stock Position Lowered by Commerce Bank

Commerce Bank lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,198,021 shares of the financial services provider's stock after selling 5,119 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.9% of Commerce Bank's holdings, making the stock its 6th biggest position. Commerce Bank's holdings in JPMorgan Chase & Co. were worth $293,875,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in JPM. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at approximately $28,000. Redwood Park Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $29,000. Curat Global LLC purchased a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $33,000. Investment Counsel Co. of Nevada bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $37,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $44,000. Institutional investors own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on JPM. Evercore ISI set a $298.00 target price on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a research note on Monday, July 7th. Royal Bank Of Canada set a $305.00 target price on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research report on Monday, June 30th. Morgan Stanley upped their price target on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Finally, Citigroup set a $275.00 target price on shares of JPMorgan Chase & Co. and gave the stock a "buy" rating in a report on Monday, July 7th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $288.68.

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 6,128 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the completion of the sale, the chief operating officer directly owned 62,455 shares of the company's stock, valued at approximately $16,392,563.85. This trade represents a 8.94% 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, General Counsel Stacey Friedman sold 2,821 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $749,567.91. Following the completion of the transaction, the general counsel directly owned 68,757 shares in the company, valued at $18,269,422.47. This trade represents a 3.94% 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 three months. 0.47% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Trading Up 0.6%

Shares of NYSE JPM traded up $1.61 during trading hours on Friday, hitting $288.55. 6,633,369 shares of the company traded hands, compared to its average volume of 10,026,404. The company's 50 day moving average price is $283.24 and its 200 day moving average price is $262.53. JPMorgan Chase & Co. has a 12 month low of $200.61 and a 12 month high of $301.29. The stock has a market capitalization of $801.91 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.25.

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

JPMorgan Chase & Co. Dividend Announcement

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

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.