JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Foster & Motley Inc.

Key Points

• Foster & Motley Inc. has reduced its holdings in JPMorgan Chase & Co. by 6.2%, owning 57,738 shares valued at approximately $14.16 million.
• JPMorgan Chase & Co. is currently rated as a "Moderate Buy" by analysts, with a consensus price target of $288.68, following several upgrades and coverage initiations from various research firms.
• Insider transactions have been notable, with COO Jennifer Piepszak selling over 6,000 shares, reflecting a trend where insiders have sold 15,557 shares combined in the last quarter.

Foster & Motley Inc. cut its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,738 shares of the financial services provider's stock after selling 3,788 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.9% of Foster & Motley Inc.'s investment portfolio, making the stock its 19th biggest position. Foster & Motley Inc.'s holdings in JPMorgan Chase & Co. were worth $14,163,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of JPM. MJT & Associates Financial Advisory Group Inc. acquired a new position in JPMorgan Chase & Co. in the 1st quarter valued at about $28,000. Redwood Park Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at approximately $29,000. Curat Global LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at approximately $33,000. Investment Counsel Co. of Nevada acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $37,000. Finally, Measured Risk Portfolios Inc. purchased a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Down 1.5%

NYSE:JPM traded down $4.32 during trading hours on Thursday, hitting $287.03. The company's stock had a trading volume of 8,055,914 shares, compared to its average volume of 8,559,338. JPMorgan Chase & Co. has a 52-week low of $200.61 and a 52-week high of $301.29. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $797.67 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11. The stock has a fifty day moving average of $282.79 and a 200-day moving average of $262.34.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its 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 firm had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. The firm's revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.12 earnings per share. On average, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 3rd were paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 28.73%.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of research analyst reports. Robert W. Baird downgraded JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price on the stock. in a research report on Friday, June 27th. Wells Fargo & Company raised their price objective on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada set a $305.00 target price on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a research report on Monday, June 30th. Wall Street Zen raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and a consensus price target of $288.68.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the transaction, the chief operating officer owned 62,455 shares in the company, valued at $16,392,563.85. This represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 2,821 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 15,557 shares of company stock worth $4,113,796 over the last quarter. 0.47% of the stock is owned by company insiders.

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.