Harbor Capital Advisors Inc. Sells 4,568 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Harbor Capital Advisors Inc. reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 7.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,722 shares of the financial services provider's stock after selling 4,568 shares during the period. JPMorgan Chase & Co. makes up about 0.6% of Harbor Capital Advisors Inc.'s investment portfolio, making the stock its 23rd largest position. Harbor Capital Advisors Inc.'s holdings in JPMorgan Chase & Co. were worth $13,669,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of JPM. Fourth Dimension Wealth LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $471,000. Disciplined Investments LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $217,000. LGT Group Foundation boosted its holdings in shares of JPMorgan Chase & Co. by 2.8% in the fourth quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock worth $126,040,000 after buying an additional 14,300 shares during the period. Kinsale Capital Group Inc. increased its position in shares of JPMorgan Chase & Co. by 11.1% in the fourth quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider's stock worth $10,483,000 after acquiring an additional 4,375 shares in the last quarter. Finally, Jag Capital Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 10.5% during the fourth quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock valued at $353,000 after acquiring an additional 140 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Jennifer Piepszak sold 4,272 shares of the firm'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 transaction, the chief operating officer now directly owns 50,197 shares of the company's stock, valued at approximately $12,400,164.91. This trade represents a 7.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeremy Barnum sold 40,014 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total value of $10,034,310.78. Following the sale, the chief financial officer now directly owns 18,017 shares of the company's stock, valued at $4,518,123.09. The trade was a 68.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,722 shares of company stock valued at $25,599,477 over the last quarter. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Down 1.3%

NYSE JPM traded down $3.52 during trading on Friday, reaching $264.72. The company's stock had a trading volume of 7,094,900 shares, compared to its average volume of 9,518,637. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $735.69 billion, a PE ratio of 13.41, a PEG ratio of 2.83 and a beta of 1.08. JPMorgan Chase & Co. has a 1-year low of $190.88 and a 1-year high of $280.25. The business has a 50-day moving average price of $251.13 and a 200-day moving average price of $250.46.

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 earnings per share for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter last year, the firm earned $4.44 EPS. JPMorgan Chase & Co.'s revenue for the quarter was up 8.0% on a year-over-year basis. On average, research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a $1.40 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.12%. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Analyst Ratings Changes

A number of research firms recently commented on JPM. Wall Street Zen raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Royal Bank of Canada restated a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Morgan Stanley reaffirmed an "equal weight" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. KGI Securities assumed coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating on the stock. Finally, UBS Group increased their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $269.65.

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.