Y Intercept Hong Kong Ltd Lowers Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Key Points

• Y Intercept Hong Kong Ltd has significantly reduced its stake in JPMorgan Chase & Co. by 66.1%, now holding 2,192 shares valued at $538,000 after selling 4,271 shares in the first quarter.
• Multiple institutional investors are actively trading JPMorgan's shares, with a total of 71.55% of the company's stock owned by such entities, reflecting a varied investment interest.
• Analysts show mixed sentiments towards JPMorgan, with three sell ratings, seven holds, and thirteen buy ratings, resulting in a consensus rating of "Moderate Buy" and a target price of $288.68.

Y Intercept Hong Kong Ltd reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 66.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,192 shares of the financial services provider's stock after selling 4,271 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in JPMorgan Chase & Co. were worth $538,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in JPM. Redwood Park Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $29,000. Curat Global LLC bought a new position in JPMorgan Chase & Co. in the first quarter worth about $33,000. Sellwood Investment Partners LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter worth about $34,000. Investment Counsel Co. of Nevada acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $37,000. Finally, Prudent Man Investment Management Inc. acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $43,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Linda Bammann sold 9,500 shares of the stock in a transaction that occurred 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 sale, the director owned 91,539 shares of the company's stock, valued at $22,884,750. This represents a 9.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jennifer Piepszak sold 6,129 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.76, for a total value of $1,536,908.04. Following the completion of the transaction, the chief operating officer directly owned 68,583 shares of the company's stock, valued at approximately $17,197,873.08. This trade represents a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,200 shares of company stock worth $18,060,015 over the last 90 days. Corporate insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on JPM shares. HSBC reaffirmed a "reduce" rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. KGI Securities assumed coverage on JPMorgan Chase & Co. in a report on Sunday, April 13th. They issued a "hold" rating on the stock. Phillip Securities downgraded JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Morgan Stanley increased their target price on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Finally, Citigroup set a $275.00 target price on JPMorgan Chase & Co. and gave the company a "buy" rating in a research note on Monday, July 7th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $288.68.

JPMorgan Chase & Co. Stock Down 1.1%

Shares of JPM stock traded down $3.42 during trading hours on Thursday, reaching $296.22. 2,076,304 shares of the stock were exchanged, compared to its average volume of 10,027,213. The firm has a market capitalization of $823.21 billion, a P/E ratio of 15.20, a P/E/G ratio of 2.00 and a beta of 1.10. JPMorgan Chase & Co. has a 12-month low of $190.90 and a 12-month high of $301.29. The business's fifty day moving average is $279.75 and its two-hundred day moving average is $260.92. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.89.

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, topping the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. The company had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. During the same period in the previous year, the business earned $6.12 EPS. JPMorgan Chase & Co.'s revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is presently 28.73%.

JPMorgan Chase & Co. Company 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.