Bard Financial Services Inc. Lowers Position in JPMorgan Chase & Co. (NYSE:JPM)

Bard Financial Services Inc. reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,685 shares of the financial services provider's stock after selling 2,045 shares during the quarter. JPMorgan Chase & Co. comprises about 1.4% of Bard Financial Services Inc.'s portfolio, making the stock its 15th biggest position. Bard Financial Services Inc.'s holdings in JPMorgan Chase & Co. were worth $11,207,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. USA Financial Formulas bought a new position in JPMorgan Chase & Co. in the 1st quarter valued at about $225,000. Founders Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $200,000. Rowlandmiller & PARTNERS.ADV boosted its position in shares of JPMorgan Chase & Co. by 1.4% during the first quarter. Rowlandmiller & PARTNERS.ADV now owns 25,101 shares of the financial services provider's stock valued at $6,157,000 after buying an additional 351 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in JPMorgan Chase & Co. by 8.4% during the 1st quarter. Redhawk Wealth Advisors Inc. now owns 10,544 shares of the financial services provider's stock valued at $2,587,000 after acquiring an additional 819 shares in the last quarter. Finally, CX Institutional lifted its position in shares of JPMorgan Chase & Co. by 4.6% during the first quarter. CX Institutional now owns 24,610 shares of the financial services provider's stock valued at $6,037,000 after purchasing an additional 1,073 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock traded down $3.37 during trading hours on Friday, hitting $264.87. 4,445,425 shares of the company's stock were exchanged, compared to its average volume of 9,508,988. The company has a market capitalization of $736.10 billion, a PE ratio of 13.42, a PEG ratio of 2.83 and a beta of 1.08. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12-month low of $190.88 and a 12-month high of $280.25. The business's 50 day simple moving average is $251.13 and its 200-day simple moving average is $250.46.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. During the same quarter last year, the company earned $4.44 EPS. The firm's revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced 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 2.11%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 25,000 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $247.02, for a total value of $6,175,500.00. Following the transaction, the chief executive officer now owns 133,381 shares in the company, valued at approximately $32,947,774.62. The trade was a 15.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeremy Barnum sold 40,014 shares of the stock in a transaction dated 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 now owns 18,017 shares of the company's stock, valued at approximately $4,518,123.09. This represents a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,722 shares of company stock worth $25,599,477 in the last ninety days. 0.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of recent analyst reports. Robert W. Baird upped their price objective on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company an "overweight" rating in a research note on Tuesday. Royal Bank of Canada reissued a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Evercore ISI decreased their price objective on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Finally, TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a "buy" rating and a $305.00 target price on the stock. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $269.65.

About JPMorgan Chase & Co.

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.