Vestmark Advisory Solutions Inc. Buys 13,871 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Vestmark Advisory Solutions Inc. has increased its stake in JPMorgan Chase & Co. by 101.9%, acquiring 13,871 additional shares, bringing its total to 27,483 shares valued at approximately $6.74 million.
• JPMorgan Chase & Co. recently announced strong earnings, reporting $4.96 earnings per share, surpassing estimates, but its revenue decreased by 10.5% year-over-year, totaling $44.91 billion.
• The financial institution declared a quarterly dividend of $1.40 per share, which represents a dividend yield of 1.9% and a payout ratio of 28.73%.

Vestmark Advisory Solutions Inc. grew its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 101.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,483 shares of the financial services provider's stock after purchasing an additional 13,871 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in JPMorgan Chase & Co. were worth $6,742,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Florida Financial Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 62.5% during the first quarter. Florida Financial Advisors LLC now owns 9,863 shares of the financial services provider's stock worth $2,416,000 after buying an additional 3,792 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $471,000. Crown Wealth Group LLC grew its stake in shares of JPMorgan Chase & Co. by 5.4% in the first quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider's stock worth $1,060,000 after purchasing an additional 222 shares during the last quarter. Morse Asset Management Inc grew its stake in shares of JPMorgan Chase & Co. by 19.5% in the first quarter. Morse Asset Management Inc now owns 2,569 shares of the financial services provider's stock worth $630,000 after purchasing an additional 420 shares during the last quarter. Finally, Hidden Cove Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. by 4.2% in the first quarter. Hidden Cove Wealth Management LLC now owns 2,758 shares of the financial services provider's stock worth $677,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Down 0.6%

Shares of NYSE:JPM traded down $1.7310 on Tuesday, hitting $289.7990. The company had a trading volume of 3,581,407 shares, compared to its average volume of 9,865,450. The firm's 50-day simple moving average is $286.92 and its two-hundred day simple moving average is $263.72. JPMorgan Chase & Co. has a 1 year low of $200.61 and a 1 year high of $301.29. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $796.87 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 1.93 and a beta of 1.11.

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

Analyst Ratings Changes

Several research firms recently issued reports on JPM. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. HSBC restated a "reduce" rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Phillip Securities downgraded shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Finally, Bank of America upped their price target on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and a consensus price target of $288.68.

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 6,128 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the sale, the chief operating officer 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.47% of the company's stock.

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.