Crystal Rock Capital Management Has $6.30 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Key Points

• Crystal Rock Capital Management reduced its stake in JPMorgan Chase & Co. by 6.0%, holding 25,668 shares worth approximately $6.3 million at the end of the latest quarter.
• Insider trading activity revealed that CFO Jeremy Barnum sold 40,014 shares, indicating a significant decrease of 68.95% in his position, while insiders sold a total of 71,200 shares valued at over $18 million last quarter.
• The company recently announced a quarterly $1.40 dividend, which will be paid on July 31st, marking a 1.88% yield and a payout ratio of 28.73%.

Crystal Rock Capital Management reduced its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,668 shares of the financial services provider's stock after selling 1,630 shares during the quarter. JPMorgan Chase & Co. makes up 4.3% of Crystal Rock Capital Management's portfolio, making the stock its 9th largest holding. Crystal Rock Capital Management's holdings in JPMorgan Chase & Co. were worth $6,296,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oakwell Private Wealth Management LLC grew its position in shares of JPMorgan Chase & Co. by 8.1% during the 1st quarter. Oakwell Private Wealth Management LLC now owns 6,996 shares of the financial services provider's stock worth $1,716,000 after buying an additional 523 shares during the period. Flynn Zito Capital Management LLC grew its position in shares of JPMorgan Chase & Co. by 17.0% during the 1st quarter. Flynn Zito Capital Management LLC now owns 2,418 shares of the financial services provider's stock worth $593,000 after buying an additional 352 shares during the period. PFG Advisors grew its position in shares of JPMorgan Chase & Co. by 24.2% during the 1st quarter. PFG Advisors now owns 41,630 shares of the financial services provider's stock worth $10,212,000 after buying an additional 8,115 shares during the period. Ignite Planners LLC grew its position in shares of JPMorgan Chase & Co. by 8.6% during the 1st quarter. Ignite Planners LLC now owns 10,856 shares of the financial services provider's stock worth $2,680,000 after buying an additional 862 shares during the period. Finally, Van Strum & Towne Inc. grew its position in shares of JPMorgan Chase & Co. by 4.3% during the 1st quarter. Van Strum & Towne Inc. now owns 39,773 shares of the financial services provider's stock worth $9,756,000 after buying an additional 1,644 shares during the period. 71.55% of the stock is owned by institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the stock in a transaction dated 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 transaction, the director directly owned 91,539 shares in the company, valued at approximately $22,884,750. This represents a 9.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jennifer Piepszak sold 6,129 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.76, for a total value of $1,536,908.04. Following the transaction, the chief operating officer owned 68,583 shares in the company, valued at approximately $17,197,873.08. The trade was a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,200 shares of company stock valued at $18,060,015 over the last 90 days. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM traded down $3.42 during trading on Thursday, reaching $296.22. 2,076,304 shares of the stock traded hands, compared to its average volume of 10,027,213. The company has a 50-day moving average of $279.75 and a 200-day moving average of $260.92. The stock has a market capitalization of $823.21 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 52-week low of $190.90 and a 52-week high of $301.29.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $44.91 billion for the quarter, compared to analysts' expectations of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. The firm's quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.12 EPS. Analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal 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 paid a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 1.89%. JPMorgan Chase & Co.'s dividend payout ratio is currently 28.73%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. UBS Group lifted their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, April 17th. HSBC restated a "reduce" rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, 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. Three analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average 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.