Strategy Asset Managers LLC Trims Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Strategy Asset Managers LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 65,921 shares of the financial services provider's stock after selling 4,392 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 3.3% of Strategy Asset Managers LLC's holdings, making the stock its 3rd biggest holding. Strategy Asset Managers LLC's holdings in JPMorgan Chase & Co. were worth $16,171,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Hemington Wealth Management grew its holdings in JPMorgan Chase & Co. by 2.4% during the 1st quarter. Hemington Wealth Management now owns 9,923 shares of the financial services provider's stock worth $2,434,000 after acquiring an additional 234 shares during the last quarter. WealthShield Partners LLC raised its stake in shares of JPMorgan Chase & Co. by 9.5% during the first quarter. WealthShield Partners LLC now owns 32,022 shares of the financial services provider's stock worth $7,855,000 after buying an additional 2,765 shares during the last quarter. Warburton Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the first quarter worth approximately $273,000. Goldman Sachs Group Inc. raised its position in shares of JPMorgan Chase & Co. by 2.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,548,182 shares of the financial services provider's stock valued at $5,040,469,000 after acquiring an additional 548,853 shares during the period. Finally, PrairieView Partners LLC raised its position in shares of JPMorgan Chase & Co. by 3.8% in the 1st quarter. PrairieView Partners LLC now owns 1,350 shares of the financial services provider's stock valued at $331,000 after acquiring an additional 50 shares during the period. Institutional investors own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

JPM has been the topic of several research analyst reports. UBS Group raised their target price 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. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price on the stock. in a report on Friday, June 27th. Bank of America lifted their price objective on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Finally, Baird R W cut shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $288.68.

JPMorgan Chase & Co. Price Performance

JPM stock traded down $2.36 during midday trading on Wednesday, reaching $290.49. The company had a trading volume of 8,301,670 shares, compared to its average volume of 9,961,356. The company has a market capitalization of $798.77 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 1.92 and a beta of 1.11. The stock has a 50 day moving average price of $284.76 and a 200-day moving average price of $263.06. JPMorgan Chase & Co. has a 1-year low of $200.61 and a 1-year high of $301.29. 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. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS 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 the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. JPMorgan Chase & Co.'s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.12 earnings per share. Equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

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

Insider Activity

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,608 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was 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 owned 36,520 shares of the company's stock, valued at approximately $9,703,729.20. The trade was a 15.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jennifer Piepszak sold 6,128 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following 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 disclosure for this sale can be found here. In the last three months, insiders have sold 15,557 shares of company stock valued at $4,113,796. Insiders own 0.47% of the company's stock.

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.