Lbp Am Sa Sells 3,494 Shares of JPMorgan Chase & Co. (NYSE:JPM)

LBP AM SA trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 121,303 shares of the financial services provider's stock after selling 3,494 shares during the period. LBP AM SA's holdings in JPMorgan Chase & Co. were worth $29,756,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hurlow Wealth Management Group Inc. raised its holdings in JPMorgan Chase & Co. by 0.7% in the fourth quarter. Hurlow Wealth Management Group Inc. now owns 5,538 shares of the financial services provider's stock valued at $1,328,000 after acquiring an additional 40 shares in the last quarter. Wimmer Associates 1 LLC grew its position in shares of JPMorgan Chase & Co. by 1.0% during the fourth quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider's stock worth $986,000 after acquiring an additional 40 shares during the last quarter. Twin Lakes Capital Management LLC grew its position in shares of JPMorgan Chase & Co. by 0.3% during the fourth quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider's stock worth $3,340,000 after acquiring an additional 40 shares during the last quarter. Rockbridge Investment Management LCC grew its position in shares of JPMorgan Chase & Co. by 2.3% during the fourth quarter. Rockbridge Investment Management LCC now owns 1,838 shares of the financial services provider's stock worth $441,000 after acquiring an additional 41 shares during the last quarter. Finally, WorthPointe LLC grew its position in JPMorgan Chase & Co. by 2.9% in the 4th quarter. WorthPointe LLC now owns 1,546 shares of the financial services provider's stock valued at $371,000 after buying an additional 43 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 1.4%

Shares of NYSE JPM traded up $3.89 during mid-day trading on Thursday, hitting $289.71. 4,322,219 shares of the company traded hands, compared to its average volume of 9,510,110. JPMorgan Chase & Co. has a 1 year low of $190.90 and a 1 year high of $296.40. The stock has a market capitalization of $805.13 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 2.61 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. The business has a 50 day moving average of $273.18 and a two-hundred day moving average of $257.22.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 17.06% and a net margin of 20.52%. The business had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same period in the prior year, the business posted $6.12 earnings per share. JPMorgan Chase & Co.'s revenue was down 10.5% compared to the same quarter last year. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is currently 28.73%.

Insiders Place Their Bets

In other news, CFO Jeremy Barnum sold 40,014 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the completion of the sale, the chief financial officer directly owned 18,017 shares of the company's stock, valued at $4,518,123.09. This trade represents a 68.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 2,821 shares of the firm's 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 directly owned 68,757 shares of the company's stock, valued at $18,269,422.47. This trade represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,200 shares of company stock valued at $18,060,015 in the last 90 days. Insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on JPM. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday. Bank of America lifted their price target on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday. TD Securities reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. UBS Group boosted their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Finally, HSBC restated a "reduce" rating and issued a $259.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $288.68.

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.