JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Rempart Asset Management Inc.

Rempart Asset Management Inc. reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 11.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,138 shares of the financial services provider's stock after selling 13,348 shares during the period. JPMorgan Chase & Co. makes up about 5.3% of Rempart Asset Management Inc.'s investment portfolio, making the stock its 4th biggest position. Rempart Asset Management Inc.'s holdings in JPMorgan Chase & Co. were worth $25,545,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of JPM. Norges Bank acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $8,310,884,000. Northern Trust Corp lifted its holdings in JPMorgan Chase & Co. by 15.4% in the fourth quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock valued at $8,113,147,000 after buying an additional 4,515,147 shares during the period. Proficio Capital Partners LLC lifted its holdings in JPMorgan Chase & Co. by 34,259.3% in the fourth quarter. Proficio Capital Partners LLC now owns 3,499,499 shares of the financial services provider's stock valued at $838,865,000 after buying an additional 3,489,314 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in JPMorgan Chase & Co. by 31.4% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,684,810 shares of the financial services provider's stock valued at $2,561,256,000 after purchasing an additional 2,551,899 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in JPMorgan Chase & Co. by 16.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,550,491 shares of the financial services provider's stock valued at $4,207,028,000 after purchasing an additional 2,465,572 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Down 0.2%

Shares of JPM stock traded down $0.40 during trading hours on Friday, hitting $263.97. 10,976,619 shares of the company were exchanged, compared to its average volume of 9,584,167. The business has a 50 day moving average of $245.86 and a two-hundred day moving average of $249.13. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 52 week low of $190.88 and a 52 week high of $280.25. The company has a market capitalization of $733.60 billion, a PE ratio of 13.37, a PEG ratio of 2.83 and a beta of 1.07.

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 (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the prior year, the firm earned $4.44 earnings per share. The firm's revenue was up 8.0% compared to the same quarter last year. 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 announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is 27.49%.

Analyst Ratings Changes

JPM has been the subject of several recent analyst reports. Morgan Stanley upped their target price on shares of JPMorgan Chase & Co. from $235.00 to $236.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 20th. TD Cowen initiated coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a "buy" rating and a $305.00 target price for the company. TD Securities upped their target price on shares of JPMorgan Chase & Co. from $305.00 to $315.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Finally, Wall Street Zen raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Eleven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $266.65.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 25,000 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $247.02, for a total value of $6,175,500.00. Following the completion of the sale, the chief executive officer now owns 133,381 shares in the company, valued at $32,947,774.62. This trade represents a 15.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the sale, the insider now owns 49,127 shares of the company's stock, valued at approximately $12,130,438.84. This represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,594 shares of company stock worth $23,991,061. 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.