JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by one8zero8 LLC

Key Points

• one8zero8 LLC reduced its position in JPMorgan Chase & Co. by 3.8%, owning 55,559 shares worth approximately $13.6 million after selling 2,180 shares.
• JPMorgan Chase's recent quarterly earnings report showed an EPS of $4.96, beating estimates of $4.48, but revenue decreased by 10.5% compared to the same quarter last year.
• The company announced a quarterly dividend of $1.40 per share, resulting in an annualized dividend yield of 1.9% and a payout ratio of 28.73%.

one8zero8 LLC reduced its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,559 shares of the financial services provider's stock after selling 2,180 shares during the quarter. JPMorgan Chase & Co. comprises approximately 3.2% of one8zero8 LLC's portfolio, making the stock its 6th biggest position. one8zero8 LLC's holdings in JPMorgan Chase & Co. were worth $13,628,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Redwood Park Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $29,000. Curat Global LLC purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter worth approximately $33,000. Investment Counsel Co. of Nevada purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $37,000. Prudent Man Investment Management Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $43,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $44,000. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Down 2.4%

JPM opened at $289.21 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a market cap of $803.74 billion, a P/E ratio of 14.84, a PEG ratio of 2.00 and a beta of 1.11. JPMorgan Chase & Co. has a 52 week low of $190.90 and a 52 week high of $301.29. The business's fifty day simple moving average is $281.04 and its 200 day simple moving average is $261.57.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. The business's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $6.12 earnings per share. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 3rd were paid a dividend of $1.40 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.9%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 28.73%.

Insider Buying and Selling

In related news, Director Linda Bammann sold 9,500 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the sale, the director owned 91,539 shares of the company's stock, valued at $22,884,750. This trade represents a 9.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 2,821 shares of the stock in a transaction on Tuesday, May 20th. The shares were 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 in the company, valued at approximately $18,269,422.47. The trade was a 3.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,200 shares of company stock worth $18,060,015 in the last ninety days. 0.47% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. UBS Group upped their price target 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. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Evercore ISI set a $298.00 price objective on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research report on Monday, July 7th. Finally, Bank of America increased their price objective on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.

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