JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 23.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 140,354 shares of the financial services provider's stock after selling 43,688 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in JPMorgan Chase & Co. were worth $34,429,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Sound Income Strategies LLC raised its stake in shares of JPMorgan Chase & Co. by 32.5% in the first quarter. Sound Income Strategies LLC now owns 10,859 shares of the financial services provider's stock worth $2,664,000 after purchasing an additional 2,661 shares during the last quarter. CogentBlue Wealth Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 57.2% in the first quarter. CogentBlue Wealth Advisors LLC now owns 1,633 shares of the financial services provider's stock worth $401,000 after purchasing an additional 594 shares during the last quarter. Aries Wealth Management raised its stake in shares of JPMorgan Chase & Co. by 3.1% in the first quarter. Aries Wealth Management now owns 18,445 shares of the financial services provider's stock worth $4,525,000 after purchasing an additional 552 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of JPMorgan Chase & Co. by 2.3% in the first quarter. Ritholtz Wealth Management now owns 78,931 shares of the financial services provider's stock worth $19,362,000 after purchasing an additional 1,784 shares during the last quarter. Finally, Morey & Quinn Wealth Partners LLC raised its stake in shares of JPMorgan Chase & Co. by 9.3% in the first quarter. Morey & Quinn Wealth Partners LLC now owns 1,626 shares of the financial services provider's stock worth $399,000 after purchasing an additional 138 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on JPM shares. UBS Group raised their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Wells Fargo & Company raised their price objective on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 10th. KGI Securities began coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating for the company. Finally, Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $269.65.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $270.21 on Tuesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The business's 50 day moving average price is $253.18 and its 200-day moving average price is $250.71. The firm has a market capitalization of $750.93 billion, a PE ratio of 13.69, a P/E/G ratio of 2.83 and a beta of 1.08. JPMorgan Chase & Co. has a 1 year low of $190.90 and a 1 year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. The firm had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business's revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.44 earnings per share. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 25,000 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the transaction, the chief executive officer now owns 133,381 shares of the company's stock, valued at approximately $32,947,774.62. The trade was a 15.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jennifer Piepszak sold 4,272 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.03, for a total value of $1,055,312.16. Following the transaction, the chief operating officer now directly owns 50,197 shares in the company, valued at $12,400,164.91. This trade represents a 7.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,722 shares of company stock valued at $25,599,477 over the last ninety days. Insiders own 0.47% of the company's stock.

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.

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