Sawyer & Company Inc Cuts Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Sawyer & Company Inc lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 8.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,595 shares of the financial services provider's stock after selling 1,455 shares during the period. JPMorgan Chase & Co. makes up about 1.5% of Sawyer & Company Inc's portfolio, making the stock its 22nd largest position. Sawyer & Company Inc's holdings in JPMorgan Chase & Co. were worth $3,825,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Weaver Capital Management LLC grew its position in shares of JPMorgan Chase & Co. by 5.9% in the 1st quarter. Weaver Capital Management LLC now owns 15,483 shares of the financial services provider's stock worth $3,798,000 after buying an additional 867 shares during the last quarter. Monte Financial Group LLC grew its position in shares of JPMorgan Chase & Co. by 4.4% in the 1st quarter. Monte Financial Group LLC now owns 8,555 shares of the financial services provider's stock worth $1,984,000 after buying an additional 357 shares during the last quarter. Aspire Private Capital LLC grew its position in JPMorgan Chase & Co. by 2.5% during the 1st quarter. Aspire Private Capital LLC now owns 4,776 shares of the financial services provider's stock worth $1,172,000 after purchasing an additional 117 shares during the last quarter. CCG Wealth Management LLC grew its position in JPMorgan Chase & Co. by 20.4% during the 1st quarter. CCG Wealth Management LLC now owns 1,839 shares of the financial services provider's stock worth $451,000 after purchasing an additional 312 shares during the last quarter. Finally, Deltec Asset Management LLC grew its position in JPMorgan Chase & Co. by 259.7% during the 1st quarter. Deltec Asset Management LLC now owns 6,925 shares of the financial services provider's stock worth $1,699,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insider Buying and Selling

In related news, COO Jennifer Piepszak sold 6,129 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.76, for a total value of $1,536,908.04. Following the completion of the sale, the chief operating officer now owns 68,583 shares of the company's stock, valued at approximately $17,197,873.08. The trade was a 8.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linda Bammann sold 9,500 shares of the business's 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 sale, the director now directly owns 91,539 shares of the company's stock, valued at approximately $22,884,750. The trade was a 9.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,200 shares of company stock valued at $18,060,015. 0.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on JPM shares. Evercore ISI dropped their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Morgan Stanley boosted their target price on shares of JPMorgan Chase & Co. from $236.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Monday. UBS Group boosted their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. Finally, TD Cowen started coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a "buy" rating and a $305.00 price objective for the company. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $271.90.

JPMorgan Chase & Co. Stock Performance

JPM opened at $281.18 on Wednesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a fifty day moving average price of $258.21 and a 200 day moving average price of $251.92. JPMorgan Chase & Co. has a 1 year low of $190.90 and a 1 year high of $282.72. The stock has a market cap of $781.42 billion, a P/E ratio of 13.80, a P/E/G ratio of 2.59 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The firm had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. During the same period in the previous year, the business posted $4.44 EPS. The business's revenue was up 8.0% compared to the same quarter last year. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share 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 paid a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

About JPMorgan Chase & Co.

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.

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