Compton Wealth Advisory Group LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,855 shares of the financial services provider’s stock after selling 1,076 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.1% of Compton Wealth Advisory Group LLC’s holdings, making the stock its 23rd largest position. Compton Wealth Advisory Group LLC’s holdings in JPMorgan Chase & Co. were worth $3,109,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC lifted its position in JPMorgan Chase & Co. by 105,652.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after acquiring an additional 97,907,897 shares in the last quarter. Norges Bank bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at approximately $3,894,646,000. Price T Rowe Associates Inc. MD lifted its position in JPMorgan Chase & Co. by 71.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,484,094 shares of the financial services provider’s stock valued at $4,087,917,000 after acquiring an additional 12,654,947 shares in the last quarter. Morgan Stanley lifted its position in JPMorgan Chase & Co. by 15.9% in the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after acquiring an additional 8,088,433 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at approximately $556,791,000. 70.10% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 16,766 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $135.00, for a total value of $2,263,410.00. Following the completion of the sale, the insider now owns 195,356 shares in the company, valued at approximately $26,373,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Ashley Bacon sold 16,766 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $135.00, for a total value of $2,263,410.00. Following the sale, the insider now directly owns 195,356 shares of the company’s stock, valued at $26,373,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas B. Petno sold 4,930 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $142.16, for a total value of $700,848.80. Following the completion of the sale, the chief executive officer now directly owns 277,161 shares in the company, valued at $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 worth $19,858,275. Corporate insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Trading Up 0.2 %
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings results on Friday, July 14th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.75. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The business had revenue of $42.40 billion during the quarter, compared to analyst estimates of $38.66 billion. During the same quarter in the prior year, the business posted $2.76 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 34.1% compared to the same quarter last year. Sell-side analysts forecast that JPMorgan Chase & Co. will post 14.39 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be paid a $1.00 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 dividend on an annualized basis and a yield of 2.60%. JPMorgan Chase & Co.’s payout ratio is presently 25.74%.
Wall Street Analyst Weigh In
JPM has been the topic of several analyst reports. Jefferies Financial Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price objective for the company from $149.00 to $165.00 in a research report on Tuesday, July 11th. Societe Generale lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a research note on Monday, April 17th. The Goldman Sachs Group boosted their target price on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research note on Friday, April 14th. Finally, Evercore ISI decreased their target price on shares of JPMorgan Chase & Co. from $155.00 to $151.00 in a research note on Friday, May 12th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.65.
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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