JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Decreased by Capital Management Associates NY

Key Points

• Capital Management Associates NY has reduced its holdings in JPMorgan Chase & Co. by 30.3%, now holding 8,500 shares valued at approximately $2.08 million.
• Despite some reduction in holdings by specific funds, institutional investors and hedge funds collectively own about 71.55% of the company's stock.
• JPMorgan Chase & Co. recently declared a quarterly dividend of $1.40 per share, resulting in an annualized dividend of $5.60 and a dividend yield of 1.9%.

Capital Management Associates NY cut its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 30.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,500 shares of the financial services provider's stock after selling 3,702 shares during the period. JPMorgan Chase & Co. comprises approximately 4.1% of Capital Management Associates NY's portfolio, making the stock its 4th largest position. Capital Management Associates NY's holdings in JPMorgan Chase & Co. were worth $2,085,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tredje AP fonden raised its holdings in shares of JPMorgan Chase & Co. by 24.0% in the first quarter. Tredje AP fonden now owns 1,015,040 shares of the financial services provider's stock valued at $248,989,000 after buying an additional 196,584 shares during the last quarter. Squire Investment Management Company LLC raised its holdings in shares of JPMorgan Chase & Co. by 10.7% in the first quarter. Squire Investment Management Company LLC now owns 2,455 shares of the financial services provider's stock valued at $602,000 after buying an additional 237 shares during the last quarter. Vestcor Inc raised its holdings in shares of JPMorgan Chase & Co. by 1.9% in the first quarter. Vestcor Inc now owns 53,992 shares of the financial services provider's stock valued at $13,244,000 after buying an additional 981 shares during the last quarter. Brucke Financial Inc. raised its holdings in shares of JPMorgan Chase & Co. by 6.9% in the first quarter. Brucke Financial Inc. now owns 7,650 shares of the financial services provider's stock valued at $1,871,000 after buying an additional 492 shares during the last quarter. Finally, FOCUS Wealth Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 5.4% in the first quarter. FOCUS Wealth Advisors LLC now owns 1,355 shares of the financial services provider's stock valued at $332,000 after buying an additional 69 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on JPM. Keefe, Bruyette & Woods increased their price target on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. UBS Group increased their price target on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. HSBC reissued a "reduce" rating and set a $259.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Evercore ISI set a $298.00 price target on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, July 7th. Finally, Piper Sandler restated an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $288.68.

JPMorgan Chase & Co. Trading Up 0.0%

Shares of JPM stock traded up $0.07 during mid-day trading on Wednesday, reaching $291.44. The company's stock had a trading volume of 6,326,839 shares, compared to its average volume of 10,062,375. The company's 50 day simple moving average is $282.23 and its 200-day simple moving average is $262.14. JPMorgan Chase & Co. has a 12-month low of $200.20 and a 12-month high of $301.29. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $809.93 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 1.97 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business's revenue was down 10.5% on a year-over-year basis. During the same period last year, the business earned $6.12 EPS. On average, research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd were issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 28.73%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the transaction, the chief operating officer directly owned 62,455 shares of the company's stock, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 6,608 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the completion of the transaction, the general counsel directly owned 36,520 shares of the company's stock, valued at $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,557 shares of company stock valued at $4,113,796. 0.47% of the stock is 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.