Hoertkorn Richard Charles reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 0.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,423 shares of the financial services provider’s stock after selling 400 shares during the period. JPMorgan Chase & Co. accounts for approximately 4.3% of Hoertkorn Richard Charles’ portfolio, making the stock its 8th largest position. Hoertkorn Richard Charles’ holdings in JPMorgan Chase & Co. were worth $8,265,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Twin Lakes Capital Management LLC grew its stake in JPMorgan Chase & Co. by 0.5% during the fourth quarter. Twin Lakes Capital Management LLC now owns 13,786 shares of the financial services provider’s stock valued at $1,849,000 after acquiring an additional 71 shares in the last quarter. Karpas Strategies LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.3% in the fourth quarter. Karpas Strategies LLC now owns 21,608 shares of the financial services provider’s stock worth $2,898,000 after purchasing an additional 71 shares during the last quarter. Oxler Private Wealth LLC lifted its position in shares of JPMorgan Chase & Co. by 0.9% in the fourth quarter. Oxler Private Wealth LLC now owns 8,158 shares of the financial services provider’s stock worth $1,094,000 after buying an additional 71 shares in the last quarter. Sanford Advisory Services LLC boosted its stake in JPMorgan Chase & Co. by 2.4% during the fourth quarter. Sanford Advisory Services LLC now owns 3,176 shares of the financial services provider’s stock valued at $426,000 after buying an additional 73 shares during the last quarter. Finally, Gould Asset Management LLC CA grew its holdings in JPMorgan Chase & Co. by 1.2% during the 4th quarter. Gould Asset Management LLC CA now owns 6,580 shares of the financial services provider’s stock valued at $882,000 after buying an additional 75 shares in the last quarter. 70.10% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
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 transaction of $15,447,085.20. Following 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 legal filing with the SEC, which is accessible through this link. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,240 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $135.02, for a total transaction of $167,424.80. Following the completion of the sale, the insider now owns 45,056 shares in the company, valued at $6,083,461.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Daniel E. Pinto sold 113,640 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, May 11th. The shares were 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 145,861 shares of company stock worth $19,858,275. 0.79% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
JPMorgan Chase & Co. Trading Down 0.7 %
JPM stock opened at $144.64 on Thursday. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $147.48. The firm’s 50-day moving average is $139.24 and its 200 day moving average is $137.10. The company has a market capitalization of $422.68 billion, a PE ratio of 10.67, a P/E/G ratio of 2.02 and a beta of 1.10. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.85 and a quick ratio of 0.85.
JPMorgan Chase & Co. (NYSE:JPM – Free Report) last issued its earnings results 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 business had revenue of $38.35 billion for the quarter, compared to the consensus estimate of $35.77 billion. During the same period in the prior year, the firm earned $2.63 EPS. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. On average, research analysts anticipate that JPMorgan Chase & Co. will post 14.54 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.
About JPMorgan Chase & Co.
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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