Greenwood Capital Associates LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,895 shares of the financial services provider's stock after selling 2,270 shares during the quarter. JPMorgan Chase & Co. comprises about 1.4% of Greenwood Capital Associates LLC's holdings, making the stock its 12th largest position. Greenwood Capital Associates LLC's holdings in JPMorgan Chase & Co. were worth $10,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Capital & Planning LLC increased its position in JPMorgan Chase & Co. by 13.3% during the 4th quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock worth $565,000 after purchasing an additional 276 shares in the last quarter. Brighton Jones LLC increased its position in JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after purchasing an additional 4,841 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $66,088,000. Tectonic Advisors LLC increased its position in JPMorgan Chase & Co. by 4.4% during the 4th quarter. Tectonic Advisors LLC now owns 5,197 shares of the financial services provider's stock worth $1,246,000 after purchasing an additional 218 shares in the last quarter. Finally, Choreo LLC boosted its holdings in JPMorgan Chase & Co. by 5.7% in the 4th quarter. Choreo LLC now owns 175,435 shares of the financial services provider's stock worth $42,012,000 after acquiring an additional 9,409 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.
Insider Buying and Selling
In related news, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the sale, the insider now directly owns 49,127 shares of the company's stock, valued at $12,130,438.84. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the sale, the chief executive officer now directly owns 133,381 shares of the company's stock, valued at approximately $32,947,774.62. This represents a 15.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,722 shares of company stock valued at $25,599,477 over the last quarter. Corporate insiders own 0.47% of the company's stock.
JPMorgan Chase & Co. Stock Performance
Shares of NYSE JPM traded down $3.52 during midday trading on Friday, hitting $264.72. The company's stock had a trading volume of 7,095,259 shares, compared to its average volume of 9,533,023. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $280.25. The firm's fifty day moving average price is $252.10 and its 200-day moving average price is $250.57. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The firm has a market cap of $735.69 billion, a P/E ratio of 13.41, a P/E/G ratio of 2.83 and a beta of 1.08.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. The firm had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.'s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $4.44 EPS. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 2.12%. JPMorgan Chase & Co.'s payout ratio is 27.49%.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an "overweight" rating in a report on Tuesday, June 10th. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Royal Bank of Canada restated a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Finally, TD Cowen assumed coverage on JPMorgan Chase & Co. in a report on Thursday, May 15th. They issued a "buy" rating and a $305.00 price target for the company. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $269.65.
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About JPMorgan Chase & Co.
(
Free Report)
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.
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