TFR Capital LLC. Sells 166 Shares of JPMorgan Chase & Co. $JPM

TFR Capital LLC. cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,791 shares of the financial services provider’s stock after selling 166 shares during the quarter. TFR Capital LLC.’s holdings in JPMorgan Chase & Co. were worth $1,969,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mainstay Capital Management LLC ADV grew its stake in shares of JPMorgan Chase & Co. by 100.2% in the second quarter. Mainstay Capital Management LLC ADV now owns 22,918 shares of the financial services provider’s stock valued at $6,644,000 after acquiring an additional 11,470 shares in the last quarter. Boomfish Wealth Group LLC grew its stake in JPMorgan Chase & Co. by 62.2% during the second quarter. Boomfish Wealth Group LLC now owns 1,401 shares of the financial services provider’s stock worth $406,000 after buying an additional 537 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake in JPMorgan Chase & Co. by 0.5% during the second quarter. Capital Advisors Ltd. LLC now owns 10,539 shares of the financial services provider’s stock worth $3,055,000 after buying an additional 49 shares in the last quarter. Live Oak Investment Partners lifted its holdings in shares of JPMorgan Chase & Co. by 10.4% in the second quarter. Live Oak Investment Partners now owns 1,434 shares of the financial services provider’s stock worth $416,000 after acquiring an additional 135 shares during the last quarter. Finally, Game Plan Financial Advisors LLC boosted its position in JPMorgan Chase & Co. by 3.1% during the 2nd quarter. Game Plan Financial Advisors LLC now owns 17,305 shares of the financial services provider’s stock worth $5,017,000 after buying an additional 524 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Down 0.2%

Shares of NYSE JPM opened at $297.81 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $318.01. The stock has a market capitalization of $818.91 billion, a P/E ratio of 14.75, a PEG ratio of 1.81 and a beta of 1.13. The firm’s 50 day simple moving average is $302.82 and its two-hundred day simple moving average is $278.54.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.83 by $0.24. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The firm had revenue of $46.43 billion for the quarter, compared to analysts’ expectations of $44.42 billion. During the same quarter last year, the business earned $4.37 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. As a group, analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Monday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. JPMorgan Chase & Co.’s payout ratio is 29.72%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on JPM. Phillip Securities lowered shares of JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 16th. Wells Fargo & Company upped their target price on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. DZ Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Bank of America upped their price objective on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Finally, Hsbc Global Res cut JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. Fifteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Hold” and an average price target of $319.40.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the transaction, the director owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.47% of the company’s stock.

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.