JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Hibernia Wealth Partners LLC

Hibernia Wealth Partners LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 70.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,055 shares of the financial services provider's stock after selling 2,518 shares during the quarter. Hibernia Wealth Partners LLC's holdings in JPMorgan Chase & Co. were worth $259,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in JPM. Fourth Dimension Wealth LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at about $471,000. Disciplined Investments LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $217,000. LGT Group Foundation grew its holdings in JPMorgan Chase & Co. by 2.8% during the fourth quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock valued at $126,040,000 after purchasing an additional 14,300 shares during the period. Kinsale Capital Group Inc. raised its stake in shares of JPMorgan Chase & Co. by 11.1% in the fourth quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider's stock valued at $10,483,000 after buying an additional 4,375 shares during the period. Finally, Jag Capital Management LLC lifted its position in shares of JPMorgan Chase & Co. by 10.5% during the 4th quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock valued at $353,000 after buying an additional 140 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on JPM shares. Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price objective for the company. in a report on Friday, June 27th. Royal Bank Of Canada set a $305.00 price target on JPMorgan Chase & Co. and gave the company an "outperform" rating in a research report on Monday. Evercore ISI raised their target price on JPMorgan Chase & Co. from $280.00 to $298.00 and gave the stock an "outperform" rating in a research note on Wednesday. TD Cowen started coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They issued a "buy" rating and a $305.00 price target on the stock. Finally, Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Hold" and a consensus price target of $277.74.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 2,821 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $749,567.91. Following the completion of the sale, the general counsel owned 68,757 shares of the company's stock, valued at $18,269,422.47. The trade was 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 at this link. Also, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. 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 completion of the sale, the chief operating officer owned 62,455 shares in the company, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,200 shares of company stock valued at $18,060,015 over the last quarter. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Up 1.4%

JPM traded up $4.13 on Friday, reaching $296.13. 6,541,646 shares of the company traded hands, compared to its average volume of 9,527,821. The company has a market cap of $822.96 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 2.72 and a beta of 1.10. The firm has a fifty day simple moving average of $265.91 and a two-hundred day simple moving average of $254.16. JPMorgan Chase & Co. has a one year low of $190.90 and a one year high of $296.40. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23.

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

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.89%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.

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.