Tributary Capital Management LLC Trims Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Tributary Capital Management LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 20.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,025 shares of the financial services provider's stock after selling 1,062 shares during the period. Tributary Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $987,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Woodward Diversified Capital LLC lifted its position in shares of JPMorgan Chase & Co. by 3.4% in the first quarter. Woodward Diversified Capital LLC now owns 8,032 shares of the financial services provider's stock worth $1,970,000 after buying an additional 263 shares in the last quarter. Ascent Wealth Partners LLC lifted its position in shares of JPMorgan Chase & Co. by 5.4% in the first quarter. Ascent Wealth Partners LLC now owns 52,787 shares of the financial services provider's stock worth $12,949,000 after buying an additional 2,683 shares in the last quarter. Napatree Capital LLC lifted its position in shares of JPMorgan Chase & Co. by 2.2% in the first quarter. Napatree Capital LLC now owns 6,405 shares of the financial services provider's stock worth $1,571,000 after buying an additional 138 shares in the last quarter. Lineweaver Wealth Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 5.5% in the first quarter. Lineweaver Wealth Advisors LLC now owns 25,191 shares of the financial services provider's stock worth $6,180,000 after buying an additional 1,302 shares in the last quarter. Finally, Allen Capital Group LLC lifted its position in shares of JPMorgan Chase & Co. by 11.2% in the first quarter. Allen Capital Group LLC now owns 40,552 shares of the financial services provider's stock worth $9,948,000 after buying an additional 4,086 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on JPM shares. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. TD Securities restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Citigroup set a $275.00 price objective on JPMorgan Chase & Co. and gave the company a "buy" rating in a research report on Monday, July 7th. Bank of America upped their price objective on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Finally, Phillip Securities downgraded JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and an average price target of $288.68.

JPMorgan Chase & Co. Stock Up 0.6%

NYSE JPM traded up $1.91 during midday trading on Friday, hitting $298.46. 5,918,228 shares of the company traded hands, compared to its average volume of 9,347,400. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.89. The company has a market cap of $829.45 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 2.02 and a beta of 1.10. The company's 50-day simple moving average is $277.68 and its 200-day simple moving average is $259.88. JPMorgan Chase & Co. has a 52 week low of $190.90 and a 52 week high of $299.59.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results 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 analysts' expectations of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. The business's revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $6.12 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 1.88%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is currently 28.73%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 40,014 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total value of $10,034,310.78. Following the completion of the sale, the chief financial officer directly owned 18,017 shares in the company, valued at approximately $4,518,123.09. This trade represents a 68.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 2,821 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $749,567.91. Following the completion of the sale, the general counsel owned 68,757 shares of the company's stock, valued at approximately $18,269,422.47. This trade represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,200 shares of company stock valued at $18,060,015. 0.47% of the stock is owned by corporate insiders.

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.