JPMorgan Chase & Co. (NYSE:JPM) is First National Advisers LLC's 7th Largest Position

Key Points

• First National Advisers LLC reduced its stake in JPMorgan Chase & Co. by 5.9%, selling 3,737 shares and retaining 59,414 shares, which now constitute approximately 2.3% of its overall holdings.
• JPMorgan's most recent earnings report showed $4.96 earnings per share, exceeding analysts' expectations, despite a 10.5% decline in revenue compared to the previous year.
• Despite selling pressure from insiders, institutional investors still maintain significant ownership, holding 71.55% of JPMorgan's stock.

First National Advisers LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,414 shares of the financial services provider's stock after selling 3,737 shares during the quarter. JPMorgan Chase & Co. accounts for 2.3% of First National Advisers LLC's investment portfolio, making the stock its 7th largest holding. First National Advisers LLC's holdings in JPMorgan Chase & Co. were worth $14,574,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Redwood Park Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $29,000. Curat Global LLC purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $33,000. Investment Counsel Co. of Nevada bought a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $37,000. Measured Risk Portfolios Inc. purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $44,000. Finally, Glass Jacobson Investment Advisors llc boosted its stake in shares of JPMorgan Chase & Co. by 41.4% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 222 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 65 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the transaction, the director owned 91,539 shares of the company's stock, valued at approximately $22,884,750. This trade represents a 9.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jennifer Piepszak sold 6,128 shares of the firm's stock in a transaction dated 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 transaction, the chief operating officer directly owned 62,455 shares in the company, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,200 shares of company stock valued at $18,060,015 in the last three months. Corporate insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock traded down $7.03 on Friday, hitting $289.21. The company's stock had a trading volume of 12,005,470 shares, compared to its average volume of 9,328,257. The firm has a fifty day moving average price of $281.04 and a 200-day moving average price of $261.64. JPMorgan Chase & Co. has a 1 year low of $190.90 and a 1 year high of $301.29. The company has a market capitalization of $803.74 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.89 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. The business's revenue 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, sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd were paid a $1.40 dividend. The ex-dividend date 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 (DPR) is currently 28.73%.

Analysts Set New Price Targets

JPM has been the subject of a number of recent research reports. TD Cowen began coverage on JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a "buy" rating and a $305.00 price objective for the company. Royal Bank Of Canada set a $305.00 price objective on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research note on Monday, June 30th. Phillip Securities downgraded JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Finally, Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus 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.