JPMorgan Chase & Co. $JPM Shares Sold by Sapient Capital LLC

Key Points

• Sapient Capital LLC reduced its stake in JPMorgan Chase & Co. by 0.8% in the second quarter, now holding 472,376 shares valued at approximately $136.95 million.
• The company reported $4.96 earnings per share (EPS) for the quarter, exceeding analysts' expectations and indicating a net margin of 20.52% despite a 10.5% decrease in revenue year-over-year.
• JPMorgan Chase & Co. declared a quarterly dividend of $1.50 per share, reflecting an increase from the previous dividend of $1.40, with a payout ratio of 28.73%.

Sapient Capital LLC lowered its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 472,376 shares of the financial services provider's stock after selling 3,810 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.5% of Sapient Capital LLC's portfolio, making the stock its 8th biggest holding. Sapient Capital LLC's holdings in JPMorgan Chase & Co. were worth $136,947,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in shares of JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after acquiring an additional 4,841 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of JPMorgan Chase & Co. by 0.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock valued at $46,068,000 after acquiring an additional 1,229 shares during the last quarter. Highview Capital Management LLC DE boosted its position in shares of JPMorgan Chase & Co. by 16.1% during the 4th quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock valued at $3,266,000 after acquiring an additional 1,893 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $12,657,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $72,000. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Up 0.3%

JPM stock traded up $1.02 during midday trading on Friday, reaching $314.25. 23,513,937 shares of the company were exchanged, compared to its average volume of 9,678,109. 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 1-year low of $202.16 and a 1-year high of $315.80. The stock's 50-day simple moving average is $295.88 and its 200 day simple moving average is $268.71. The company has a market cap of $864.11 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 2.07 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company had revenue of $44.91 billion for the quarter, compared to analysts' expectations of $43.76 billion. During the same quarter last year, the company earned $6.12 earnings per share. The firm's revenue for the quarter was down 10.5% on a year-over-year basis. On average, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Monday, October 6th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. JPMorgan Chase & Co.'s dividend payout ratio is currently 30.79%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the sale, the director directly owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.47% of the company's stock.

Analyst Ratings Changes

JPM has been the topic of several research analyst reports. Royal Bank Of Canada restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Thursday, September 11th. Morgan Stanley upped their price target on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Evercore ISI set a $298.00 price objective on JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, July 7th. HSBC restated a "reduce" rating and set a $259.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods increased their price target on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $292.78.

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.