QV Investors Inc. Lowers Holdings in JPMorgan Chase & Co. (NYSE:JPM)

QV Investors Inc. reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 19.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,695 shares of the financial services provider's stock after selling 5,070 shares during the quarter. QV Investors Inc.'s holdings in JPMorgan Chase & Co. were worth $5,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of JPM. JPMorgan Chase & Co. increased its position in JPMorgan Chase & Co. by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock worth $938,491,000 after buying an additional 319,730 shares in the last quarter. Capital & Planning LLC increased its position in JPMorgan Chase & Co. by 13.3% in the fourth quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock worth $565,000 after buying an additional 276 shares in the last quarter. Financial Partners Group Inc increased its position in JPMorgan Chase & Co. by 4.8% in the fourth quarter. Financial Partners Group Inc now owns 5,235 shares of the financial services provider's stock worth $1,255,000 after buying an additional 239 shares in the last quarter. Brighton Jones LLC increased its position in JPMorgan Chase & Co. by 11.0% in the fourth 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 in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $66,088,000. 71.55% of the stock is owned by institutional investors.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,608 shares of the company's stock in a transaction on 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 approximately $9,703,729.20. This represents a 15.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the sale, the insider now owns 49,127 shares of the company's stock, valued at $12,130,438.84. This represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,594 shares of company stock worth $23,991,061 in the last quarter. 0.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on JPM. Royal Bank of Canada restated a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday. UBS Group lifted their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Robert W. Baird lifted their target price on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a "neutral" rating in a research note on Tuesday, May 20th. Finally, Evercore ISI decreased their target price on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Hold" and an average target price of $267.15.

JPMorgan Chase & Co. Trading Down 0.7%

JPM traded down $1.89 during trading hours on Wednesday, reaching $264.38. 5,619,804 shares of the company's stock traded hands, compared to its average volume of 10,486,852. The firm has a 50-day moving average price of $246.48 and a 200 day moving average price of $249.49. JPMorgan Chase & Co. has a 52-week low of $190.88 and a 52-week high of $280.25. 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 firm has a market capitalization of $734.74 billion, a PE ratio of 13.39, a PEG ratio of 2.83 and a beta of 1.07.

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

JPMorgan Chase & Co. Dividend Announcement

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

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.