JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Lessened by Callan Family Office LLC

Key Points

• Callan Family Office LLC reduced its holdings in JPMorgan Chase & Co. by 19.0%, owning 33,576 shares worth approximately $8.24 million, making it the firm's 27th largest position.
• Recent analyst ratings varied, with Baird R W downgrading JPM to a "strong sell," while Wells Fargo raised its target price to $325.00, indicating mixed sentiment among investors.
• JPMorgan Chase's latest quarterly earnings showed an EPS of $4.96, surpassing estimates and reflecting a 10.5% decline in revenue year-over-year.

Callan Family Office LLC lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 19.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,576 shares of the financial services provider's stock after selling 7,884 shares during the period. JPMorgan Chase & Co. makes up 0.6% of Callan Family Office LLC's investment portfolio, making the stock its 27th largest position. Callan Family Office LLC's holdings in JPMorgan Chase & Co. were worth $8,236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Brighton Jones LLC grew its position in shares of JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after buying an additional 4,841 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of JPMorgan Chase & Co. by 0.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock worth $46,068,000 after purchasing an additional 1,229 shares in the last quarter. Highview Capital Management LLC DE grew its holdings in shares of JPMorgan Chase & Co. by 16.1% in the fourth quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock worth $3,266,000 after acquiring an additional 1,893 shares during the period. KKM Financial LLC grew its holdings in shares of JPMorgan Chase & Co. by 3.9% in the fourth quarter. KKM Financial LLC now owns 16,854 shares of the financial services provider's stock worth $4,040,000 after acquiring an additional 640 shares during the period. Finally, Jump Financial LLC grew its holdings in shares of JPMorgan Chase & Co. by 211.8% in the fourth quarter. Jump Financial LLC now owns 13,013 shares of the financial services provider's stock worth $3,119,000 after acquiring an additional 8,840 shares during the period. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Down 1.3%

Shares of JPMorgan Chase & Co. stock traded down $3.68 during trading hours on Friday, reaching $290.48. 7,339,238 shares of the company's stock were exchanged, compared to its average volume of 7,940,475. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $798.75 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 1.93 and a beta of 1.11. The company has a fifty day moving average of $286.42 and a 200-day moving average of $263.59. JPMorgan Chase & Co. has a 52-week low of $200.61 and a 52-week high of $301.29.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping the consensus estimate 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 quarterly revenue was down 10.5% on a year-over-year basis. During the same period last year, the company posted $6.12 EPS. Sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 3rd were issued a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 1.9%. The ex-dividend date was Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is currently 28.73%.

Analyst Ratings Changes

JPM has been the topic of several research analyst reports. TD Securities restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. HSBC restated a "reduce" rating and set a $259.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Finally, Hsbc Global Res lowered JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $288.68.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, 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 transaction of $749,567.91. Following the completion of the sale, the general counsel directly owned 68,757 shares in the company, valued at $18,269,422.47. This trade represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the transaction, the chief operating officer owned 62,455 shares of the company's stock, valued at $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,557 shares of company stock valued at $4,113,796. 0.47% of the stock is owned by insiders.

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.