Profit Investment Management LLC Sells 1,215 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Profit Investment Management LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 20.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,807 shares of the financial services provider's stock after selling 1,215 shares during the period. Profit Investment Management LLC's holdings in JPMorgan Chase & Co. were worth $1,179,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in shares of JPMorgan Chase & Co. by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock worth $938,491,000 after purchasing an additional 319,730 shares in the last quarter. Capital & Planning LLC increased its holdings in shares of JPMorgan Chase & Co. by 13.3% in the 4th quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock worth $565,000 after purchasing an additional 276 shares in the last quarter. Financial Partners Group Inc increased its holdings in shares of JPMorgan Chase & Co. by 4.8% in the 4th quarter. Financial Partners Group Inc now owns 5,235 shares of the financial services provider's stock worth $1,255,000 after purchasing an additional 239 shares in the last quarter. Brighton Jones LLC increased its holdings 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 purchasing an additional 4,841 shares in the last quarter. Finally, Affinity Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 4.1% in the 4th quarter. Affinity Wealth Management LLC now owns 18,702 shares of the financial services provider's stock worth $4,483,000 after purchasing an additional 728 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CEO Troy L. Rohrbaugh sold 25,000 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.02, for a total value of $6,175,500.00. Following the sale, the chief executive officer now directly owns 133,381 shares of the company's stock, valued at approximately $32,947,774.62. The trade was a 15.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 6,608 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $1,755,811.68. Following the completion of the sale, the general counsel now directly owns 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. Insiders have sold a total of 95,594 shares of company stock valued at $23,991,061 over the last ninety days. 0.47% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Price Performance

NYSE:JPM traded up $0.46 on Monday, reaching $264.46. 6,008,253 shares of the company's stock traded hands, compared to its average volume of 9,550,450. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The stock has a 50-day simple moving average of $245.86 and a 200-day simple moving average of $249.24. The firm has a market cap of $734.96 billion, a PE ratio of 13.40, a P/E/G ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a 12 month low of $190.88 and a 12 month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. The business had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $4.44 earnings per share. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 2.12%. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of research analyst reports. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Royal Bank of Canada restated a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday. Bank of America dropped their price target on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. UBS Group raised their price target on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Finally, Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $267.15.

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.