Integrated Advisors Network LLC cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 5.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 85,806 shares of the financial services provider’s stock after selling 4,831 shares during the quarter. JPMorgan Chase & Co. comprises about 0.7% of Integrated Advisors Network LLC’s investment portfolio, making the stock its 27th largest position. Integrated Advisors Network LLC’s holdings in JPMorgan Chase & Co. were worth $11,181,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in the stock. Adirondack Retirement Specialists Inc. boosted its stake in shares of JPMorgan Chase & Co. by 510.8% during the first quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 189 shares during the last quarter. Nordwand Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth about $30,000. Boulder Wealth Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $43,000. Capital Directions Investment Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $44,000. Finally, Aspire Private Capital LLC acquired a new position in JPMorgan Chase & Co. in the 1st quarter valued at $54,391,133,000. Hedge funds and other institutional investors own 70.10% of the company’s stock.
Analysts Set New Price Targets
JPM has been the subject of a number of recent analyst reports. StockNews.com assumed coverage on JPMorgan Chase & Co. in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Citigroup cut shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 target price on the stock. in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods increased their price target on shares of JPMorgan Chase & Co. from $131.00 to $155.00 and gave the stock a “market perform” rating in a research note on Monday, April 17th. Odeon Capital Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Monday, May 1st. Finally, 888 reaffirmed a “maintains” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 26th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $164.39.
Insider Activity
In other news, General Counsel Stacey Friedman sold 4,310 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $157.16, for a total transaction of $677,359.60. Following the completion of the transaction, the general counsel now owns 57,735 shares of the company’s stock, valued at $9,073,632.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, General Counsel Stacey Friedman sold 4,310 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $157.16, for a total transaction of $677,359.60. Following the sale, the general counsel now directly owns 57,735 shares in the company, valued at $9,073,632.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ashley Bacon sold 16,766 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 195,356 shares in the company, valued at $26,373,060. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,531 shares of company stock valued at $5,088,550. 0.79% of the stock is currently owned by insiders.
JPMorgan Chase & Co. Stock Performance
Shares of JPM stock opened at $153.79 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $446.93 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 2.06 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $159.38. The company’s 50-day simple moving average is $147.49 and its 200-day simple moving average is $140.24.
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 for the quarter, beating 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 the consensus estimate of $38.66 billion. During the same period in the previous year, the business earned $2.76 EPS. The business’s quarterly revenue was up 34.1% on a year-over-year basis. Equities analysts anticipate that JPMorgan Chase & Co. will post 15.23 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Thursday, July 6th were paid a $1.00 dividend. The ex-dividend date of this dividend was 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 currently 25.74%.
JPMorgan Chase & Co. 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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