Heck Capital Advisors LLC Sells 8,874 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Heck Capital Advisors LLC reduced its stake in JPMorgan Chase & Co. by 60.7%, owning 5,737 shares valued at approximately $1.41 million as of its latest SEC filing.
• JPMorgan reported an earnings per share (EPS) of $4.96 for the last quarter, exceeding analysts' expectations and indicating a 10.5% year-over-year revenue decline.
• The company declared a quarterly dividend of $1.40 per share, representing an annualized yield of 1.9% with a dividend payout ratio of 28.73%.

Heck Capital Advisors LLC lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 60.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,737 shares of the financial services provider's stock after selling 8,874 shares during the period. Heck Capital Advisors LLC's holdings in JPMorgan Chase & Co. were worth $1,407,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. MJT & Associates Financial Advisory Group Inc. acquired a new position in JPMorgan Chase & Co. in the first quarter valued at $28,000. University of Illinois Foundation acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at approximately $30,000. Curat Global LLC acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at approximately $33,000. Measured Risk Portfolios Inc. acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $44,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $54,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

NYSE:JPM traded down $1.42 during mid-day trading on Tuesday, reaching $290.11. The stock had a trading volume of 3,341,854 shares, compared to its average volume of 9,863,949. The stock has a 50-day simple moving average of $286.92 and a two-hundred day simple moving average of $263.72. The stock has a market capitalization of $797.73 billion, a PE ratio of 14.89, a P/E/G ratio of 1.93 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. JPMorgan Chase & Co. has a 12 month low of $200.61 and a 12 month high of $301.29.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. The firm 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 company's revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.12 earnings per share. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insiders Place Their Bets

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 owned 62,455 shares of the company's stock, valued at $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on JPM. TD Cowen began coverage on JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a "buy" rating and a $305.00 price objective on the stock. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Robert W. Baird cut shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target on the stock. in a research report on Friday, June 27th. TD Securities reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Finally, Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $288.68.

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.