Penserra Capital Management LLC Sells 7,130 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Penserra Capital Management LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 96.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 228 shares of the financial services provider's stock after selling 7,130 shares during the quarter. Penserra Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $55,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Crew Capital Management Ltd. boosted its stake in JPMorgan Chase & Co. by 0.9% in the 1st quarter. Crew Capital Management Ltd. now owns 6,371 shares of the financial services provider's stock worth $1,563,000 after purchasing an additional 54 shares during the period. Hendley & Co. Inc. acquired a new position in JPMorgan Chase & Co. in the 1st quarter worth approximately $368,000. US Asset Management LLC boosted its stake in JPMorgan Chase & Co. by 18.0% in the 1st quarter. US Asset Management LLC now owns 9,961 shares of the financial services provider's stock worth $2,443,000 after purchasing an additional 1,516 shares during the period. Traveka Wealth LLC boosted its stake in JPMorgan Chase & Co. by 2.8% in the 1st quarter. Traveka Wealth LLC now owns 6,756 shares of the financial services provider's stock worth $1,657,000 after purchasing an additional 186 shares during the period. Finally, Pure Portfolios Holdings LLC boosted its stake in JPMorgan Chase & Co. by 31.9% in the 1st quarter. Pure Portfolios Holdings LLC now owns 1,261 shares of the financial services provider's stock worth $309,000 after purchasing an additional 305 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Activity

In related news, CFO Jeremy Barnum sold 40,014 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total value of $10,034,310.78. Following the transaction, the chief financial officer owned 18,017 shares in the company, valued at $4,518,123.09. This trade represents a 68.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. 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 completion of the transaction, the director owned 91,539 shares in the company, valued at $22,884,750. This trade represents a 9.40% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,200 shares of company stock worth $18,060,015. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Performance

JPM traded down $1.41 during trading on Friday, hitting $286.78. The stock had a trading volume of 7,378,197 shares, compared to its average volume of 9,530,369. The firm has a market cap of $796.99 billion, a PE ratio of 14.08, a P/E/G ratio of 2.62 and a beta of 1.10. JPMorgan Chase & Co. has a 12 month low of $190.90 and a 12 month high of $296.40. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. The company has a 50 day simple moving average of $270.98 and a 200-day simple moving average of $256.39.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. The firm had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.44 EPS. Analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company 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 $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 1.95%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of research analyst reports. Baird R W downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Friday, June 27th. Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. KGI Securities initiated coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They issued a "hold" rating for the company. Finally, TD Cowen initiated coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 15th. They issued a "buy" rating and a $305.00 target price for the company. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $284.42.

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.