Blair William & Co. IL Sells 65,475 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Key Points

• Blair William & Co. IL reduced its holdings in JPMorgan Chase & Co. by 2.7%, now owning 2,319,136 shares worth approximately $568,884,000.
• JPMorgan Chase recently reported $4.96 EPS for the quarter, exceeding estimates, but revenue decreased by 10.5% year-over-year.
• The company declared a quarterly dividend of $1.40, translating to a 1.9% yield, with the dividend payout ratio standing at 28.73%.

Blair William & Co. IL cut its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,319,136 shares of the financial services provider's stock after selling 65,475 shares during the quarter. JPMorgan Chase & Co. makes up 1.7% of Blair William & Co. IL's investment portfolio, making the stock its 6th biggest holding. Blair William & Co. IL owned about 0.08% of JPMorgan Chase & Co. worth $568,884,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Manchester Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 4.8% in the 1st quarter. Manchester Capital Management LLC now owns 17,466 shares of the financial services provider's stock valued at $4,285,000 after purchasing an additional 801 shares during the period. Delta Financial Group Inc. lifted its position in JPMorgan Chase & Co. by 1.0% during the 1st quarter. Delta Financial Group Inc. now owns 22,474 shares of the financial services provider's stock worth $5,575,000 after acquiring an additional 227 shares during the period. Scotia Capital Inc. lifted its position in JPMorgan Chase & Co. by 2.7% during the 1st quarter. Scotia Capital Inc. now owns 1,570,653 shares of the financial services provider's stock worth $385,281,000 after acquiring an additional 41,659 shares during the period. Phocas Financial Corp. acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $209,000. Finally, Cheviot Value Management LLC lifted its position in JPMorgan Chase & Co. by 7.6% during the 1st quarter. Cheviot Value Management LLC now owns 8,383 shares of the financial services provider's stock worth $2,117,000 after acquiring an additional 593 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 2,821 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $749,567.91. Following the sale, the general counsel owned 68,757 shares in the company, valued at $18,269,422.47. This trade represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jennifer Piepszak sold 6,128 shares of the firm's stock in a transaction on 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 sale, the chief operating officer owned 62,455 shares in the company, valued at $16,392,563.85. This trade represents a 8.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,557 shares of company stock worth $4,113,796 in the last 90 days. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock traded up $1.61 during mid-day trading on Friday, hitting $288.55. 6,633,369 shares of the company were exchanged, compared to its average volume of 8,541,502. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.89. The business's 50 day simple moving average is $283.74 and its two-hundred day simple moving average is $262.70. The company has a market capitalization of $793.44 billion, a P/E ratio of 14.81, a PEG ratio of 1.93 and a beta of 1.11. JPMorgan Chase & Co. has a 12-month low of $200.61 and a 12-month high of $301.29.

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 for the quarter, topping the consensus estimate of $4.48 by $0.48. The company 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 was down 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $6.12 earnings per share. Analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on JPM shares. Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price objective for the company. in a research report on Friday, June 27th. Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Friday, June 27th. TD Cowen started coverage on JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a "buy" rating and a $305.00 price objective for the company. TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Finally, KGI Securities started coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating for the company. Three analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and an average target price of $288.68.

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.