Natixis Advisors LLC Sells 17,710 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Key Points

• Natixis Advisors LLC reduced its stake in JPMorgan Chase & Co. by 0.8%, owning approximately $538 million worth of the stock, which now represents 1.0% of its investment portfolio.
• JPMorgan Chase & Co. reported $4.96 EPS for the last quarter, exceeding analysts' expectations, although revenue was down 10.5% compared to the same quarter last year.
• The company declared a quarterly dividend of $1.40 per share, resulting in an annualized yield of 1.9% and a dividend payout ratio of 28.73%.

Natixis Advisors LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,194,140 shares of the financial services provider's stock after selling 17,710 shares during the quarter. JPMorgan Chase & Co. makes up about 1.0% of Natixis Advisors LLC's holdings, making the stock its 10th biggest position. Natixis Advisors LLC owned 0.08% of JPMorgan Chase & Co. worth $538,223,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of JPM. Roble Belko & Company Inc raised its stake in shares of JPMorgan Chase & Co. by 2.0% during the first quarter. Roble Belko & Company Inc now owns 2,332 shares of the financial services provider's stock worth $572,000 after purchasing an additional 46 shares during the last quarter. NorthRock Partners LLC increased its stake in JPMorgan Chase & Co. by 1.1% in the 1st quarter. NorthRock Partners LLC now owns 61,338 shares of the financial services provider's stock valued at $15,046,000 after buying an additional 677 shares during the period. North Star Asset Management Inc. increased its stake in JPMorgan Chase & Co. by 0.6% in the 1st quarter. North Star Asset Management Inc. now owns 75,718 shares of the financial services provider's stock valued at $18,574,000 after buying an additional 473 shares during the period. FSB Premier Wealth Management Inc. raised its position in JPMorgan Chase & Co. by 6.1% during the 1st quarter. FSB Premier Wealth Management Inc. now owns 13,850 shares of the financial services provider's stock worth $3,397,000 after buying an additional 798 shares during the last quarter. Finally, SlateStone Wealth LLC lifted its stake in shares of JPMorgan Chase & Co. by 2.3% in the 1st quarter. SlateStone Wealth LLC now owns 74,717 shares of the financial services provider's stock worth $18,328,000 after acquiring an additional 1,685 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on JPM shares. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Citigroup set a $275.00 price objective on JPMorgan Chase & Co. and gave the company a "buy" rating in a report on Monday, July 7th. TD Cowen started coverage on JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a "buy" rating and a $305.00 target price for the company. TD Securities restated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Finally, Royal Bank Of Canada set a $305.00 price objective on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, June 30th. 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $288.68.

JPMorgan Chase & Co. Trading Down 1.5%

JPM traded down $4.32 during trading on Thursday, hitting $287.03. The company's stock had a trading volume of 8,055,914 shares, compared to its average volume of 8,559,338. JPMorgan Chase & Co. has a twelve month low of $200.61 and a twelve month high of $301.29. The firm's 50 day moving average price is $282.79 and its 200-day moving average price is $262.34. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.89. The stock has a market cap of $797.67 billion, a PE ratio of 15.17, a PEG ratio of 1.94 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released 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 firm had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. The firm's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $6.12 earnings per share. On average, analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current 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 given a dividend of $1.40 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 2.0%. JPMorgan Chase & Co.'s dividend payout ratio is 28.73%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the transaction, the general counsel owned 36,520 shares of the company's stock, valued at $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction 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 completion of the transaction, the chief operating officer owned 62,455 shares in the company, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,557 shares of company stock valued at $4,113,796 in the last ninety days. 0.47% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Company 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.