Montchanin Asset Management LLC Reduces Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Montchanin Asset Management LLC lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,317 shares of the financial services provider’s stock after selling 1,350 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 6.1% of Montchanin Asset Management LLC’s investment portfolio, making the stock its 5th biggest holding. Montchanin Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $6,308,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of JPMorgan Chase & Co. by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider’s stock valued at $938,491,000 after purchasing an additional 319,730 shares in the last quarter. Regent Peak Wealth Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 2.3% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 6,517 shares of the financial services provider’s stock worth $1,562,000 after acquiring an additional 148 shares during the last quarter. Capital & Planning LLC lifted its holdings in shares of JPMorgan Chase & Co. by 13.3% during the 4th quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider’s stock worth $565,000 after acquiring an additional 276 shares during the last quarter. DLK Investment Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.1% during the 4th quarter. DLK Investment Management LLC now owns 38,293 shares of the financial services provider’s stock worth $9,179,000 after acquiring an additional 410 shares during the last quarter. Finally, Lee Johnson Capital Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.6% during the 4th quarter. Lee Johnson Capital Management LLC now owns 19,228 shares of the financial services provider’s stock worth $4,609,000 after acquiring an additional 310 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the sale, the insider now owns 49,127 shares in the company, valued at approximately $12,130,438.84. This represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the sale, the general counsel now owns 36,520 shares in the company, valued at approximately $9,703,729.20. The trade was a 15.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,594 shares of company stock worth $23,991,061. 0.47% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $260.77 on Friday. The stock has a market cap of $724.70 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a fifty-two week low of $190.88 and a fifty-two week high of $280.25. The firm’s 50-day simple moving average is $243.88 and its two-hundred day simple moving average is $248.32.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.63 by $0.44. The business had revenue of $45.30 billion for the quarter, compared to analysts’ expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.44 earnings per share. Analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.49%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Cowen reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Tuesday. Royal Bank of Canada reissued an “outperform” rating and issued a $285.00 price target (up from $255.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday. TD Securities boosted their price target on shares of JPMorgan Chase & Co. from $305.00 to $315.00 and gave the stock a “buy” rating in a research note on Tuesday. UBS Group boosted their price target on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, April 17th. Finally, TD Cowen started coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a “buy” rating and a $305.00 price target for the company. Eleven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $266.20.

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.