JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by NTV Asset Management LLC

NTV Asset Management LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 7.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,168 shares of the financial services provider's stock after selling 2,364 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.0% of NTV Asset Management LLC's holdings, making the stock its 21st biggest position. NTV Asset Management LLC's holdings in JPMorgan Chase & Co. were worth $7,646,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Redwood Park Advisors LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $29,000. Curat Global LLC acquired a new position in JPMorgan Chase & Co. during the 1st quarter valued at about $33,000. Sellwood Investment Partners LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $34,000. Investment Counsel Co. of Nevada acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $37,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $43,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JPM has been the subject of a number of research analyst reports. TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Evercore ISI set a $298.00 price target on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research note on Monday, July 7th. Keefe, Bruyette & Woods raised shares of JPMorgan Chase & Co. from a "market perform" rating to an "outperform" rating and set a $327.00 price target for the company in a research note on Wednesday, July 9th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Monday, July 7th. Finally, Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $284.42.

JPMorgan Chase & Co. Stock Down 0.5%

JPM stock opened at $286.78 on Monday. JPMorgan Chase & Co. has a 52-week low of $190.90 and a 52-week high of $296.40. The company's 50 day simple moving average is $270.98 and its 200-day simple moving average is $256.48. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $796.99 billion, a P/E ratio of 14.08, a P/E/G ratio of 2.62 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly 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. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The business had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same quarter in the previous year, the business earned $4.44 earnings per share. The firm's revenue was up 8.0% compared to the same quarter last year. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current 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 issued a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.95%. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Insider Activity

In other news, COO Jennifer Piepszak sold 6,128 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the sale, the chief operating officer owned 62,455 shares in the company, valued at $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeremy Barnum sold 40,014 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the sale, the chief financial officer owned 18,017 shares in the company, valued at $4,518,123.09. This represents a 68.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,200 shares of company stock worth $18,060,015 over the last three months. 0.47% of the stock is owned by insiders.

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.

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