Lincoln Capital Corp lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 35.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,476 shares of the financial services provider’s stock after selling 14,562 shares during the period. JPMorgan Chase & Co. makes up about 2.0% of Lincoln Capital Corp’s investment portfolio, making the stock its 16th biggest position. Lincoln Capital Corp’s holdings in JPMorgan Chase & Co. were worth $3,450,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Cantor Fitzgerald Investment Advisor L.P boosted its position in shares of JPMorgan Chase & Co. by 81.1% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after buying an additional 99,636 shares in the last quarter. BCK Partners Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth about $2,455,000. LSV Asset Management boosted its position 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 worth $5,085,000 after buying an additional 9,800 shares in the last quarter. Wsfs Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 70.8% in the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after buying an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC boosted its position in shares of JPMorgan Chase & Co. by 1,451.4% in the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after buying an additional 3,527 shares in the last quarter. 70.10% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts recently commented on JPM shares. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 price objective on the stock in a research report on Friday. Barclays reduced their target price on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating on the stock in a report on Wednesday, April 12th. BMO Capital Markets upped their target price on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a report on Tuesday, May 2nd. Oppenheimer upped their target price on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a report on Monday, April 17th. Finally, Odeon Capital Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Monday, May 1st. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.06.
JPMorgan Chase & Co. Stock Up 0.8 %
JPMorgan Chase & Co. (NYSE:JPM – Free Report) last posted its earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.69. The firm had revenue of $38.35 billion during the quarter, compared to the consensus estimate of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The company’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.63 EPS. Sell-side analysts expect that JPMorgan Chase & Co. will post 14.47 earnings per share for the current year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors 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 of this dividend is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.
Insider Buying and Selling
In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 2,482 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $141.39, for a total value of $350,929.98. Following the completion of the sale, the insider now owns 41,333 shares of the company’s stock, valued at $5,844,072.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 2,482 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $141.39, for a total value of $350,929.98. Following the completion of the sale, the insider now owns 41,333 shares of the company’s stock, valued at $5,844,072.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas B. Petno sold 4,930 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $142.16, for a total transaction of $700,848.80. Following the completion of the sale, the chief executive officer now directly owns 277,161 shares of the company’s stock, valued at approximately $39,401,207.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 145,861 shares of company stock valued at $19,858,275. 0.79% of the stock is currently owned by corporate 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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