JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Tatro Capital LLC

Tatro Capital LLC lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 34.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,466 shares of the financial services provider’s stock after selling 1,306 shares during the quarter. Tatro Capital LLC’s holdings in JPMorgan Chase & Co. were worth $232,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC lifted its holdings in JPMorgan Chase & Co. by 11.1% in the fourth quarter. Quadrant Capital Group LLC now owns 56,661 shares of the financial services provider’s stock valued at $7,860,000 after acquiring an additional 5,664 shares during the period. Navellier & Associates Inc purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $248,000. Bowen Hanes & Co. Inc. increased its position in shares of JPMorgan Chase & Co. by 51.7% in the fourth quarter. Bowen Hanes & Co. Inc. now owns 370,215 shares of the financial services provider’s stock valued at $51,608,000 after buying an additional 126,111 shares in the last quarter. Blair William & Co. IL increased its position in shares of JPMorgan Chase & Co. by 2.5% in the fourth quarter. Blair William & Co. IL now owns 1,725,543 shares of the financial services provider’s stock valued at $240,541,000 after buying an additional 41,729 shares in the last quarter. Finally, King Wealth increased its position in shares of JPMorgan Chase & Co. by 1.1% in the fourth quarter. King Wealth now owns 66,492 shares of the financial services provider’s stock valued at $9,269,000 after buying an additional 711 shares in the last quarter. 71.57% of the stock is owned by institutional investors and hedge funds.

NYSE:JPM traded down $0.85 during mid-day trading on Thursday, reaching $92.45. 219,735 shares of the stock were exchanged, compared to its average volume of 22,685,240. The company has a 50 day simple moving average of $97.69 and a 200-day simple moving average of $110.15. The stock has a market capitalization of $281.30 billion, a P/E ratio of 10.54, a P/E/G ratio of 3.58 and a beta of 1.19. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 1 year low of $76.91 and a 1 year high of $141.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by ($1.92). JPMorgan Chase & Co. had a return on equity of 12.52% and a net margin of 21.61%. The company had revenue of $28.25 billion for the quarter, compared to analyst estimates of $29.45 billion. During the same period in the previous year, the business posted $2.65 earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year. As a group, research analysts predict that JPMorgan Chase & Co. will post 5.16 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, July 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 3.89%. JPMorgan Chase & Co.’s payout ratio is 34.35%.

Several analysts recently commented on JPM shares. Citigroup dropped their price target on JPMorgan Chase & Co. from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. UBS Group boosted their price target on JPMorgan Chase & Co. from $82.00 to $96.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Royal Bank of Canada set a $99.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Societe Generale raised JPMorgan Chase & Co. from a “sell” rating to a “buy” rating in a research note on Tuesday, April 14th. Finally, DZ Bank raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Friday, March 20th. Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $111.93.

In other news, insider Ashley Bacon sold 13,027 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $91.12, for a total value of $1,187,020.24. Following the completion of the sale, the insider now directly owns 137,243 shares of the company’s stock, valued at approximately $12,505,582.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen B. Burke purchased 75,000 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, April 16th. The stock was acquired at an average cost of $87.99 per share, with a total value of $6,599,250.00. Following the completion of the acquisition, the director now directly owns 150,043 shares in the company, valued at $13,202,283.57. The disclosure for this purchase can be found here. 0.78% of the stock is currently owned by company insiders.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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