Colonial River Investments LLC Sells 7,353 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Colonial River Investments LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 51.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,001 shares of the financial services provider's stock after selling 7,353 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.9% of Colonial River Investments LLC's holdings, making the stock its 25th biggest position. Colonial River Investments LLC's holdings in JPMorgan Chase & Co. were worth $1,717,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Uniting Wealth Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 2.9% in the 1st quarter. Uniting Wealth Partners LLC now owns 3,145 shares of the financial services provider's stock worth $771,000 after purchasing an additional 88 shares in the last quarter. Little House Capital LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.7% in the 1st quarter. Little House Capital LLC now owns 33,175 shares of the financial services provider's stock worth $8,138,000 after purchasing an additional 568 shares in the last quarter. J. L. Bainbridge & Co. Inc. raised its holdings in shares of JPMorgan Chase & Co. by 1.4% in the 1st quarter. J. L. Bainbridge & Co. Inc. now owns 3,140 shares of the financial services provider's stock worth $770,000 after purchasing an additional 44 shares in the last quarter. Capitol Family Office Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth approximately $517,000. Finally, Patron Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 8.1% in the 1st quarter. Patron Partners LLC now owns 5,484 shares of the financial services provider's stock worth $1,345,000 after purchasing an additional 410 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 1.4%

JPMorgan Chase & Co. stock traded up $4.13 during trading hours on Friday, hitting $296.13. The company had a trading volume of 6,541,646 shares, compared to its average volume of 9,527,821. The firm's fifty day moving average is $266.97 and its 200-day moving average is $254.56. JPMorgan Chase & Co. has a fifty-two week low of $190.90 and a fifty-two week high of $296.40. The firm has a market capitalization of $822.96 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 2.75 and a beta of 1.10. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The company had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same quarter in the prior year, the business posted $4.44 EPS. JPMorgan Chase & Co.'s quarterly revenue was up 8.0% on a year-over-year basis. On average, research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm 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 dividend of $1.40 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 1.89%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.49%.

Wall Street Analyst Weigh In

A number of research firms recently commented on JPM. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price on the stock. in a report on Friday, June 27th. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Royal Bank Of Canada set a $305.00 price target on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, June 30th. Citigroup restated a "neutral" rating and set a $275.00 price target (up previously from $250.00) on shares of JPMorgan Chase & Co. in a report on Wednesday, June 25th. Finally, TD Cowen began coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a "buy" rating and a $305.00 price target on the stock. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $277.74.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 6,608 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the completion of the sale, the general counsel directly owned 36,520 shares of the company's stock, valued at approximately $9,703,729.20. This represents a 15.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jennifer Piepszak sold 6,129 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.76, for a total transaction of $1,536,908.04. Following the sale, the chief operating officer directly owned 68,583 shares of the company's stock, valued at approximately $17,197,873.08. This represents a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,200 shares of company stock worth $18,060,015. Company insiders own 0.47% of the company's stock.

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.