JPMorgan Chase & Co. (NYSE:JPM) is Winslow Asset Management Inc.'s 6th Largest Position

Winslow Asset Management Inc. decreased its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,177 shares of the financial services provider's stock after selling 3,570 shares during the period. JPMorgan Chase & Co. comprises 3.6% of Winslow Asset Management Inc.'s investment portfolio, making the stock its 6th biggest position. Winslow Asset Management Inc.'s holdings in JPMorgan Chase & Co. were worth $16,233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Violich Capital Management Inc. increased its stake in shares of JPMorgan Chase & Co. by 0.7% during the first quarter. Violich Capital Management Inc. now owns 20,260 shares of the financial services provider's stock worth $4,970,000 after purchasing an additional 135 shares in the last quarter. Sage Mountain Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 0.8% during the first quarter. Sage Mountain Advisors LLC now owns 48,980 shares of the financial services provider's stock worth $12,015,000 after purchasing an additional 369 shares in the last quarter. Summit Wealth Group LLC increased its stake in shares of JPMorgan Chase & Co. by 25.7% during the first quarter. Summit Wealth Group LLC now owns 2,633 shares of the financial services provider's stock worth $646,000 after purchasing an additional 539 shares in the last quarter. Wealthfront Advisers LLC increased its stake in shares of JPMorgan Chase & Co. by 10.0% during the first quarter. Wealthfront Advisers LLC now owns 317,991 shares of the financial services provider's stock worth $78,003,000 after purchasing an additional 28,829 shares in the last quarter. Finally, First Business Financial Services Inc. increased its stake in shares of JPMorgan Chase & Co. by 5.5% during the first quarter. First Business Financial Services Inc. now owns 33,072 shares of the financial services provider's stock worth $8,113,000 after purchasing an additional 1,717 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 6,128 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the sale, the chief operating officer directly owned 62,455 shares of the company's stock, valued at $16,392,563.85. This represents a 8.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $10,034,310.78. Following the sale, the chief financial officer directly owned 18,017 shares in the company, valued at approximately $4,518,123.09. The trade was a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,200 shares of company stock valued at $18,060,015 over the last 90 days. Insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. HSBC restated a "reduce" rating and set a $259.00 price target on shares of JPMorgan Chase & Co. in a research 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 research report on Monday, July 7th. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Robert W. Baird lowered 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. Finally, TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a "buy" rating and a $305.00 price target on the stock. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $288.68.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $290.68 on Tuesday. The company's 50 day simple moving average is $274.67 and its 200-day simple moving average is $258.17. The company has a market capitalization of $807.81 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 2.53 and a beta of 1.10. JPMorgan Chase & Co. has a 1 year low of $190.90 and a 1 year high of $296.40. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.89 and a current ratio of 0.88.

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 (EPS) for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $6.12 EPS. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 28.73%.

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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