Yarger Wealth Strategies LLC Sells 1,740 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Yarger Wealth Strategies LLC cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 17.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,072 shares of the financial services provider's stock after selling 1,740 shares during the period. JPMorgan Chase & Co. accounts for 1.2% of Yarger Wealth Strategies LLC's holdings, making the stock its 26th largest position. Yarger Wealth Strategies LLC's holdings in JPMorgan Chase & Co. were worth $1,980,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Members Wealth LLC increased its stake in JPMorgan Chase & Co. by 9.6% in the first quarter. Members Wealth LLC now owns 929 shares of the financial services provider's stock valued at $228,000 after acquiring an additional 81 shares during the last quarter. GPS Wealth Strategies Group LLC increased its stake in JPMorgan Chase & Co. by 61.0% in the first quarter. GPS Wealth Strategies Group LLC now owns 7,173 shares of the financial services provider's stock valued at $1,760,000 after acquiring an additional 2,718 shares during the last quarter. Simon Quick Advisors LLC increased its stake in JPMorgan Chase & Co. by 20.0% in the first quarter. Simon Quick Advisors LLC now owns 30,882 shares of the financial services provider's stock valued at $7,575,000 after acquiring an additional 5,155 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake in shares of JPMorgan Chase & Co. by 0.7% during the first quarter. Capital Advisors Ltd. LLC now owns 10,490 shares of the financial services provider's stock worth $2,573,000 after buying an additional 72 shares during the last quarter. Finally, Zhang Financial LLC grew its stake in shares of JPMorgan Chase & Co. by 57.1% during the first quarter. Zhang Financial LLC now owns 19,436 shares of the financial services provider's stock worth $4,767,000 after buying an additional 7,067 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the transaction, the insider now directly owns 49,127 shares of the company's stock, valued at $12,130,438.84. This represents a 2.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 62,455 shares of the company's stock, valued at $16,392,563.85. This represents a 8.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,722 shares of company stock valued at $25,599,477. Corporate insiders own 0.47% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Evercore ISI cut their price target on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. TD Securities reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an "overweight" rating in a report on Tuesday, June 10th. Morgan Stanley reiterated an "equal weight" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Finally, TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a "buy" rating and a $305.00 price target on the stock. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and an average price target of $269.65.

JPMorgan Chase & Co. Stock Down 1.3%

JPM stock traded down $3.52 during trading on Friday, reaching $264.72. The stock had a trading volume of 7,095,259 shares, compared to its average volume of 9,533,023. JPMorgan Chase & Co. has a one year low of $190.90 and a one year high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company's 50 day moving average is $252.10 and its two-hundred day moving average is $250.57. The company has a market capitalization of $735.69 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 2.83 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same period in the prior year, the firm posted $4.44 EPS. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is 27.49%.

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.