JPMorgan Chase & Co. $JPM Holdings Lowered by Insight Inv LLC

Key Points

• Insight Inv LLC reduced its holdings in JPMorgan Chase & Co. by 54.4% in the second quarter, now owning 13,402 shares valued at approximately $3,885,000.
• JPMorgan Chase recently declared a quarterly dividend of $1.50, an increase from the previous $1.40, representing an annualized amount of $6.00 and a 2.0% yield.
• JPMorgan's latest earnings report showed an EPS of $5.07, surpassing analyst expectations, with revenue up 8.8% year-over-year at $46.43 billion.

Insight Inv LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 54.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,402 shares of the financial services provider's stock after selling 15,974 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 2.6% of Insight Inv LLC's holdings, making the stock its 6th biggest holding. Insight Inv LLC's holdings in JPMorgan Chase & Co. were worth $3,885,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after buying an additional 4,841 shares during the period. GAMMA Investing LLC increased its stake in shares of JPMorgan Chase & Co. by 5.8% in the first quarter. GAMMA Investing LLC now owns 96,029 shares of the financial services provider's stock worth $23,556,000 after buying an additional 5,296 shares during the period. Ironwood Wealth Management LLC. increased its stake in shares of JPMorgan Chase & Co. by 0.7% in the first quarter. Ironwood Wealth Management LLC. now owns 15,400 shares of the financial services provider's stock worth $3,778,000 after buying an additional 107 shares during the period. Acorns Advisers LLC increased its stake in shares of JPMorgan Chase & Co. by 6.9% in the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider's stock worth $379,000 after buying an additional 100 shares during the period. Finally, Robertson Stephens Wealth Management LLC increased its stake in shares of JPMorgan Chase & Co. by 5.4% in the first quarter. Robertson Stephens Wealth Management LLC now owns 41,279 shares of the financial services provider's stock worth $10,126,000 after buying an additional 2,106 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $297.81 on Friday. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $318.01. The stock has a market cap of $818.91 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 1.81 and a beta of 1.13. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The company's fifty day moving average price is $302.82 and its 200-day moving average price is $278.54.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, beating analysts' consensus estimates of $4.83 by $0.24. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The firm had revenue of $46.43 billion for the quarter, compared to analysts' expectations of $44.42 billion. During the same quarter in the previous year, the business posted $4.37 EPS. The company's quarterly revenue was up 8.8% on a year-over-year basis. On average, equities analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be given a $1.50 dividend. The ex-dividend date of this dividend is Monday, October 6th. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. JPMorgan Chase & Co.'s payout ratio is presently 29.72%.

Analysts Set New Price Targets

Several research analysts recently commented on JPM shares. Zacks Research downgraded shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Daiwa Capital Markets lifted their target price on shares of JPMorgan Chase & Co. from $330.00 to $332.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 8th. Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. TD Cowen lifted their price target on shares of JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a "buy" rating in a report on Friday, October 3rd. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $366.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday. Fifteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and a consensus target price of $319.40.

Insider Activity

In other news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the transaction, the director owned 82,207 shares of the company's stock, valued at $24,492,753.58. The trade was a 10.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Company 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.

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