Farmers & Merchants Investments Inc. Sells 7,640 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Farmers & Merchants Investments Inc. trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,365 shares of the financial services provider's stock after selling 7,640 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.3% of Farmers & Merchants Investments Inc.'s holdings, making the stock its 13th largest holding. Farmers & Merchants Investments Inc.'s holdings in JPMorgan Chase & Co. were worth $40,319,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Capital & Planning LLC increased its holdings in shares of JPMorgan Chase & Co. by 13.3% in the fourth quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock valued at $565,000 after purchasing an additional 276 shares in the last quarter. Brighton Jones LLC increased its stake in shares of JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after buying an additional 4,841 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $66,088,000. SMART Wealth LLC raised its position in shares of JPMorgan Chase & Co. by 117.5% during the fourth quarter. SMART Wealth LLC now owns 8,566 shares of the financial services provider's stock worth $2,053,000 after acquiring an additional 4,628 shares during the last quarter. Finally, Centerline Wealth Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $624,000. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Up 2.0%

JPM stock traded up $5.26 during mid-day trading on Monday, hitting $270.21. 6,911,093 shares of the company were exchanged, compared to its average volume of 9,529,124. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $280.25. The firm's 50 day simple moving average is $252.10 and its 200 day simple moving average is $250.57. The firm has a market cap of $750.93 billion, a P/E ratio of 13.69, a P/E/G ratio of 2.83 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the business posted $4.44 earnings per share. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared 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. This represents a $5.60 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is 27.49%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on JPM shares. Bank of America lowered their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. TD Cowen began coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a "buy" rating and a $305.00 price target for the company. UBS Group boosted their price target on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Morgan Stanley reaffirmed an "equal weight" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Finally, KGI Securities assumed coverage on shares of JPMorgan Chase & Co. in a report on Sunday, April 13th. They set a "hold" rating for the company. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $269.65.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,272 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.03, for a total value of $1,055,312.16. Following the sale, the chief operating officer now owns 50,197 shares in the company, valued at approximately $12,400,164.91. The trade was a 7.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.02, for a total value of $6,175,500.00. Following the transaction, the chief executive officer now directly owns 133,381 shares of the company's stock, valued at approximately $32,947,774.62. This trade represents a 15.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,722 shares of company stock valued at $25,599,477 in the last 90 days. 0.47% of the stock is currently owned by company insiders.

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.