Yousif Capital Management LLC Sells 7,599 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Yousif Capital Management LLC lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 381,982 shares of the financial services provider’s stock after selling 7,599 shares during the quarter. JPMorgan Chase & Co. comprises 1.1% of Yousif Capital Management LLC’s portfolio, making the stock its 9th largest position. Yousif Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $93,700,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of JPM. Capital & Planning LLC raised its stake in JPMorgan Chase & Co. by 13.3% during the fourth quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider’s stock valued at $565,000 after buying an additional 276 shares in the last quarter. Financial Partners Group Inc raised its position in shares of JPMorgan Chase & Co. by 4.8% during the 4th quarter. Financial Partners Group Inc now owns 5,235 shares of the financial services provider’s stock worth $1,255,000 after purchasing an additional 239 shares during the period. Brighton Jones LLC raised its position in shares of JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after purchasing an additional 4,841 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $66,088,000. Finally, Catalina Capital Group LLC raised its position in shares of JPMorgan Chase & Co. by 4.0% during the 4th quarter. Catalina Capital Group LLC now owns 13,960 shares of the financial services provider’s stock worth $3,346,000 after purchasing an additional 537 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analysts Set New Price Targets

JPM has been the topic of a number of research reports. Royal Bank of Canada reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Cowen reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Tuesday. KGI Securities initiated coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a “hold” rating on the stock. Finally, Wall Street Zen upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $269.65.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $268.63 on Wednesday. The stock has a fifty day moving average price of $248.89 and a two-hundred day moving average price of $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. The firm has a market cap of $746.54 billion, a P/E ratio of 13.61, a PEG ratio of 2.83 and a beta of 1.08. JPMorgan Chase & Co. has a 1 year low of $190.88 and a 1 year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.63 by $0.44. The firm had revenue of $45.30 billion during 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 firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $4.44 EPS. Research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of the firm’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the completion of the sale, the chief operating officer now directly owns 62,455 shares of the company’s stock, valued at $16,392,563.85. This trade represents a 8.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.02, for a total value of $6,175,500.00. Following the sale, the chief executive officer now directly owns 133,381 shares of the company’s stock, valued at approximately $32,947,774.62. This represents a 15.78% 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. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. 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.