JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Sustainable Insight Capital Management LLC

Key Points

• Sustainable Insight Capital Management LLC has reduced its holdings in JPMorgan Chase & Co. by 6.7%, selling 1,543 shares and retaining a total of 21,352 shares.
• GAMMA Investing LLC significantly increased its holdings of JPMorgan Chase by 25,861.9%, owning now 23,556,011 shares, valued at approximately $5.78 billion.
• JPMorgan Chase & Co. reported a quarterly earnings per share (EPS) of $4.96, beating market expectations, although revenue was down 10.5% year-over-year.

Sustainable Insight Capital Management LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,352 shares of the financial services provider's stock after selling 1,543 shares during the period. JPMorgan Chase & Co. accounts for approximately 2.6% of Sustainable Insight Capital Management LLC's portfolio, making the stock its 13th largest position. Sustainable Insight Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $5,238,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gouws Capital LLC increased its position in shares of JPMorgan Chase & Co. by 128.9% during the first quarter. Gouws Capital LLC now owns 3,433 shares of the financial services provider's stock valued at $842,000 after acquiring an additional 1,933 shares in the last quarter. AIA Group Ltd boosted its holdings in JPMorgan Chase & Co. by 16.2% in the first quarter. AIA Group Ltd now owns 106,963 shares of the financial services provider's stock worth $26,238,000 after purchasing an additional 14,936 shares during the last quarter. Mainsail Asset Management LLC boosted its holdings in JPMorgan Chase & Co. by 7.5% in the first quarter. Mainsail Asset Management LLC now owns 1,498 shares of the financial services provider's stock worth $367,000 after purchasing an additional 104 shares during the last quarter. Longfellow Investment Management Co. LLC boosted its holdings in JPMorgan Chase & Co. by 22.1% in the first quarter. Longfellow Investment Management Co. LLC now owns 5,876 shares of the financial services provider's stock worth $1,441,000 after purchasing an additional 1,063 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in JPMorgan Chase & Co. by 6.7% in the first quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,876 shares of the financial services provider's stock worth $1,188,000 after purchasing an additional 308 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Jennifer Piepszak sold 6,128 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the completion of the sale, the chief operating officer directly owned 62,455 shares in the company, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Stacey Friedman sold 6,608 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the sale, the general counsel owned 36,520 shares of the company's stock, valued at approximately $9,703,729.20. The trade was a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,557 shares of company stock worth $4,113,796. Insiders own 0.47% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on JPM shares. Hsbc Global Res cut shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Baird R W cut shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. Piper Sandler reiterated an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Phillip Securities cut shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Finally, HSBC restated a "reduce" rating and set a $259.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $288.68.

JPMorgan Chase & Co. Price Performance

JPM traded down $3.68 during midday trading on Friday, hitting $290.48. 7,339,238 shares of the company traded hands, compared to its average volume of 7,940,475. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $798.75 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 1.93 and a beta of 1.11. JPMorgan Chase & Co. has a 52-week low of $200.61 and a 52-week high of $301.29. The business has a 50 day simple moving average of $286.42 and a two-hundred day simple moving average of $263.59.

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

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd were paid a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 28.73%.

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.