Raub Brock Capital Management LP trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 10.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,375 shares of the financial services provider’s stock after selling 404 shares during the quarter. Raub Brock Capital Management LP’s holdings in JPMorgan Chase & Co. were worth $440,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in JPM. Retirement Financial Solutions LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at approximately $26,000. Adirondack Retirement Specialists Inc. boosted its position in shares of JPMorgan Chase & Co. by 510.8% in the first quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 189 shares during the period. Creative Capital Management Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $30,000. Boulder Wealth Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $43,000. Finally, Capital Directions Investment Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $44,000. 70.10% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
JPM has been the topic of a number of research analyst reports. Jefferies Financial Group lowered their price target on JPMorgan Chase & Co. from $152.00 to $149.00 in a report on Monday, May 15th. 92 Resources reaffirmed a “maintains” rating on shares of JPMorgan Chase & Co. in a report on Friday, May 12th. Morgan Stanley upped their price objective on JPMorgan Chase & Co. from $157.00 to $160.00 in a report on Tuesday, May 23rd. StockNews.com began coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Credit Suisse Group upped their price target on shares of JPMorgan Chase & Co. from $155.00 to $160.00 in a research note on Tuesday, April 18th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus price target of $157.35.
JPMorgan Chase & Co. Stock Performance
JPMorgan Chase & Co. (NYSE:JPM – Free Report) last announced its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.69. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The company had revenue of $38.35 billion for the quarter, compared to analysts’ expectations of $35.77 billion. During the same quarter in the prior year, the firm earned $2.63 earnings per share. JPMorgan Chase & Co.’s revenue was up 24.8% compared to the same quarter last year. As a group, analysts expect that JPMorgan Chase & Co. will post 14.54 earnings per share for the current year.
JPMorgan Chase & Co. Announces Dividend
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 dividend of $1.00 per share. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.77%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.
Insider Transactions at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 113,640 shares of the company’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 transaction, the chief executive officer now owns 566,665 shares in the company, valued at approximately $77,026,773.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Daniel E. Pinto sold 113,640 shares of JPMorgan Chase & Co. stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 566,665 shares of the company’s stock, valued at $77,026,773.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ashley Bacon sold 16,766 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $135.00, for a total transaction of $2,263,410.00. Following the transaction, the insider now directly owns 195,356 shares of the company’s stock, valued at approximately $26,373,060. The disclosure for this sale can be found here. Insiders sold 145,861 shares of company stock valued at $19,858,275 in the last quarter. 0.79% of the stock is currently owned by corporate insiders.
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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