Dubuque Bank & Trust Co. cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 5.3% in the first quarter, HoldingsChannel reports. The firm owned 57,079 shares of the financial services provider’s stock after selling 3,226 shares during the quarter. JPMorgan Chase & Co. makes up about 1.0% of Dubuque Bank & Trust Co.’s investment portfolio, making the stock its 27th biggest position. Dubuque Bank & Trust Co.’s holdings in JPMorgan Chase & Co. were worth $7,438,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of JPM. Cantor Fitzgerald Investment Advisor L.P increased its holdings in JPMorgan Chase & Co. by 81.1% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after buying an additional 99,636 shares during the last quarter. BCK Partners Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth about $2,455,000. LSV Asset Management increased its holdings in shares of JPMorgan Chase & Co. by 35.6% in the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after acquiring an additional 9,800 shares during the last quarter. Wsfs Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 70.8% during the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after acquiring an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC lifted its stake in JPMorgan Chase & Co. by 1,451.4% during the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 3,527 shares during the last quarter. 70.10% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
JPM has been the subject of several research analyst reports. Morgan Stanley upped their target price on shares of JPMorgan Chase & Co. from $157.00 to $160.00 in a report on Tuesday, May 23rd. Evercore ISI dropped their price objective on JPMorgan Chase & Co. from $155.00 to $151.00 in a report on Friday, May 12th. Royal Bank of Canada reduced their target price on JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a report on Friday, March 24th. Odeon Capital Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Monday, May 1st. Finally, StockNews.com initiated coverage on JPMorgan Chase & Co. in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.35.
JPMorgan Chase & Co. Price Performance
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.69. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The firm had revenue of $38.35 billion for the quarter, compared to the consensus estimate of $35.77 billion. During the same quarter in the previous year, the firm earned $2.63 earnings per share. The firm’s revenue was up 24.8% on a year-over-year basis. Analysts forecast that JPMorgan Chase & Co. will post 14.43 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.87%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 29.52%.
Insider Buying and Selling
In other news, CEO Daniel E. Pinto sold 113,640 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $135.93, for a total value of $15,447,085.20. Following the completion of the transaction, the chief executive officer now owns 566,665 shares in the company, valued at $77,026,773.45. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Daniel E. Pinto sold 113,640 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following the completion of the transaction, the chief executive officer now directly owns 566,665 shares of the company’s stock, valued at approximately $77,026,773.45. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Peter Scher sold 1,240 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $135.02, for a total value of $167,424.80. Following the sale, the insider now owns 45,056 shares in the company, valued at approximately $6,083,461.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 145,861 shares of company stock valued at $19,858,275. 0.79% of the stock is owned by insiders.
JPMorgan Chase & Co. Company Profile
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, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
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