JPMorgan Chase & Co. (NYSE:JPM) Position Trimmed by Second Half Financial Partners LLC

Key Points

• Second Half Financial Partners LLC reduced its holdings in JPMorgan Chase by 65.2% during the 1st quarter, bringing its ownership to 4,603 shares valued at approximately $1,129,000.
• JPMorgan Chase's recent quarterly earnings report showed an EPS of $4.96, exceeding analysts' expectations by $0.48, despite a year-over-year revenue decrease of 10.5%.
• The company has announced a quarterly dividend of $1.40 per share, resulting in an annualized dividend yield of 1.9% with a payout ratio of 28.73%.

Second Half Financial Partners LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 65.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,603 shares of the financial services provider's stock after selling 8,643 shares during the period. JPMorgan Chase & Co. comprises about 0.6% of Second Half Financial Partners LLC's portfolio, making the stock its 27th largest holding. Second Half Financial Partners LLC's holdings in JPMorgan Chase & Co. were worth $1,129,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Redwood Park Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $29,000. Curat Global LLC bought a new position in shares of JPMorgan Chase & Co. during the first quarter worth about $33,000. Investment Counsel Co. of Nevada bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $37,000. Prudent Man Investment Management Inc. bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $43,000. Finally, Measured Risk Portfolios Inc. bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $44,000. Institutional investors own 71.55% of the company's stock.

Analyst Ratings Changes

JPM has been the subject of several recent research reports. TD Cowen initiated 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 for the company. Phillip Securities lowered shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. UBS Group upped their price target on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Evercore ISI set a $298.00 price objective on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, July 7th. Finally, Bank of America upped their price objective on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $288.68.

Insider Activity

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the company's stock in a transaction dated 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 completion of the sale, the chief operating officer directly owned 62,455 shares of the company's stock, valued at approximately $16,392,563.85. This represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Stacey Friedman sold 2,821 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $749,567.91. Following the sale, the general counsel directly owned 68,757 shares of the company's stock, valued at $18,269,422.47. This represents a 3.94% 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 ninety days. Corporate insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $289.21 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a one year low of $190.90 and a one year high of $301.29. The firm has a market capitalization of $803.74 billion, a PE ratio of 14.84, a P/E/G ratio of 2.00 and a beta of 1.11. The firm has a 50-day moving average of $281.04 and a two-hundred day moving average of $261.57.

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 EPS for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same period in the prior year, the firm earned $6.12 earnings per share. The business's quarterly revenue was down 10.5% on a year-over-year basis. On average, analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.9%. JPMorgan Chase & Co.'s dividend payout ratio is currently 28.73%.

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.

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