JPMorgan Chase & Co. $JPM is Boston Partners' Largest Position

Key Points

• Boston Partners has reduced its holdings in JPMorgan Chase & Co. by 12.1%, now owning approximately 7.35 million shares, which represents 2.2% of its total portfolio.
• JPMorgan's stock is currently valued at $290.48, down 1.3%, and has a market capitalization of $798.75 billion.
• The company recently declared a quarterly dividend of $1.40 per share, with an annualized yield of 1.9% and a payout ratio of 28.73%.

Boston Partners decreased its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 12.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,352,967 shares of the financial services provider's stock after selling 1,010,030 shares during the quarter. JPMorgan Chase & Co. makes up approximately 2.2% of Boston Partners' portfolio, making the stock its largest position. Boston Partners owned about 0.26% of JPMorgan Chase & Co. worth $1,800,720,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wimmer Associates 1 LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.0% in the 4th quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider's stock worth $986,000 after buying an additional 40 shares during the last quarter. Twin Lakes Capital Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.3% in the 4th quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider's stock worth $3,340,000 after buying an additional 40 shares during the last quarter. First Command Advisory Services Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 0.4% in the 1st quarter. First Command Advisory Services Inc. now owns 9,306 shares of the financial services provider's stock worth $2,283,000 after buying an additional 40 shares during the last quarter. Black Swift Group LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.7% in the 1st quarter. Black Swift Group LLC now owns 5,759 shares of the financial services provider's stock worth $1,413,000 after buying an additional 40 shares during the last quarter. Finally, Beacon Bridge Wealth Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.8% in the 1st quarter. Beacon Bridge Wealth Partners LLC now owns 2,231 shares of the financial services provider's stock worth $547,000 after buying an additional 40 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the 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 transaction, the chief operating officer directly owned 62,455 shares in the company, valued at $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock traded down $1.42 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. JPMorgan Chase & Co. has a 1 year low of $200.61 and a 1 year high of $301.29. The company has a market cap of $797.73 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 1.93 and a beta of 1.11. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. The business's 50 day moving average is $286.92 and its two-hundred day moving average is $263.72.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping the consensus estimate of $4.48 by $0.48. The company 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%. JPMorgan Chase & Co.'s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $6.12 earnings per share. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. 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. Phillip Securities downgraded shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. Royal Bank Of Canada set a $305.00 price objective on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, June 30th. TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Finally, Bank of America upped 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. One 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $288.68.

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.