NBW Capital LLC Sells 13,111 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Key Points

• NBW Capital LLC has reduced its stake in JPMorgan Chase & Co. by 24.8%, selling 13,111 shares and currently holding a total of 39,663 shares, valued at approximately $9.73 million.
• Institutional investors collectively own 71.55% of JPMorgan Chase & Co.'s stock, with notable new investments from firms like MJT & Associates and University of Illinois Foundation.
• In recent financial performance, JPMorgan Chase reported $4.96 EPS for the quarter, exceeding analyst expectations, while announcing a $1.40 quarterly dividend with a yield of 1.9%.

NBW Capital LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 24.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 39,663 shares of the financial services provider's stock after selling 13,111 shares during the period. JPMorgan Chase & Co. comprises approximately 2.2% of NBW Capital LLC's portfolio, making the stock its 13th biggest position. NBW Capital LLC's holdings in JPMorgan Chase & Co. were worth $9,729,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $28,000. University of Illinois Foundation purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $30,000. Curat Global LLC purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $33,000. Measured Risk Portfolios Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $44,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $54,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insiders Place Their Bets

In related news, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction on 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 transaction, the chief operating officer owned 62,455 shares of the company's stock, valued at $16,392,563.85. This represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 6,608 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $1,755,811.68. Following the transaction, the general counsel directly owned 36,520 shares in the company, valued at $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,557 shares of company stock worth $4,113,796. 0.47% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Piper Sandler restated an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. Bank of America increased their target price 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. Truist Financial increased their target price on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Morgan Stanley increased their target price on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Finally, Hsbc Global Res cut shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and a consensus target price of $288.68.

JPMorgan Chase & Co. Price Performance

JPM traded down $2.36 during trading on Wednesday, reaching $290.49. The stock had a trading volume of 8,416,683 shares, compared to its average volume of 8,127,799. The stock has a market cap of $798.77 billion, a PE ratio of 14.90, a PEG ratio of 1.95 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. JPMorgan Chase & Co. has a one year low of $200.61 and a one year high of $301.29. The business has a 50-day moving average of $285.29 and a 200-day moving average of $263.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results 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 analysts' expectations 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 was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm 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 company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 3rd were paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is currently 28.73%.

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.