JPMorgan Chase & Co. (NYSE:JPM) Position Decreased by Dividend Assets Capital LLC

Dividend Assets Capital LLC lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 57,439 shares of the financial services provider’s stock after selling 352 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 2.7% of Dividend Assets Capital LLC’s investment portfolio, making the stock its 9th largest holding. Dividend Assets Capital LLC’s holdings in JPMorgan Chase & Co. were worth $14,090,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Ibex Wealth Advisors raised its holdings in shares of JPMorgan Chase & Co. by 20.9% in the 1st quarter. Ibex Wealth Advisors now owns 25,299 shares of the financial services provider’s stock valued at $6,206,000 after acquiring an additional 4,370 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services raised its holdings in shares of JPMorgan Chase & Co. by 72.5% in the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 43,772 shares of the financial services provider’s stock valued at $10,737,000 after acquiring an additional 18,390 shares in the last quarter. Manitou Investment Management Ltd. raised its holdings in shares of JPMorgan Chase & Co. by 0.8% in the 1st quarter. Manitou Investment Management Ltd. now owns 112,236 shares of the financial services provider’s stock valued at $27,531,000 after acquiring an additional 927 shares in the last quarter. Sonora Investment Management Group LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.7% in the 1st quarter. Sonora Investment Management Group LLC now owns 114,409 shares of the financial services provider’s stock valued at $28,065,000 after acquiring an additional 763 shares in the last quarter. Finally, Accurate Wealth Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 4.8% in the 1st quarter. Accurate Wealth Management LLC now owns 32,533 shares of the financial services provider’s stock valued at $7,677,000 after acquiring an additional 1,499 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

JPM has been the topic of several recent research reports. Wall Street Zen upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Royal Bank of Canada reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Tuesday. Evercore ISI reduced their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Finally, Cowen reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $269.65.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $268.63 on Wednesday. The firm has a market cap of $746.54 billion, a P/E ratio of 13.61, a P/E/G ratio of 2.83 and a beta of 1.08. JPMorgan Chase & Co. has a fifty-two week low of $190.88 and a fifty-two week high of $280.25. The business’s 50 day moving average price is $248.89 and its 200-day moving average price is $250.21. 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. (NYSE:JPM) last issued 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 firm had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $4.44 EPS. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be given a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.08%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.49%.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the transaction, the insider now owns 49,127 shares in the company, valued at $12,130,438.84. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jeremy Barnum sold 40,014 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total value of $10,034,310.78. Following the completion of the transaction, the chief financial officer now owns 18,017 shares of the company’s stock, valued at approximately $4,518,123.09. The trade was a 68.95% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,722 shares of company stock worth $25,599,477. 0.47% of the stock is currently owned by insiders.

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.