Mach 1 Financial Group LLC Sells 5,011 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Mach 1 Financial Group LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 15.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,007 shares of the financial services provider’s stock after selling 5,011 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.8% of Mach 1 Financial Group LLC’s portfolio, making the stock its 11th largest position. Mach 1 Financial Group LLC’s holdings in JPMorgan Chase & Co. were worth $4,764,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Accurate Wealth Management LLC grew its position in JPMorgan Chase & Co. by 5.3% during the third quarter. Accurate Wealth Management LLC now owns 25,891 shares of the financial services provider’s stock valued at $3,820,000 after buying an additional 1,314 shares during the period. Balboa Wealth Partners lifted its holdings in JPMorgan Chase & Co. by 4.6% during the third quarter. Balboa Wealth Partners now owns 7,494 shares of the financial services provider’s stock valued at $1,087,000 after purchasing an additional 331 shares during the last quarter. Vicus Capital lifted its holdings in JPMorgan Chase & Co. by 22.0% during the third quarter. Vicus Capital now owns 11,906 shares of the financial services provider’s stock valued at $1,727,000 after purchasing an additional 2,150 shares during the last quarter. Callahan Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 0.3% during the third quarter. Callahan Advisors LLC now owns 137,560 shares of the financial services provider’s stock valued at $19,949,000 after purchasing an additional 362 shares during the last quarter. Finally, Aua Capital Management LLC lifted its holdings in JPMorgan Chase & Co. by 13.5% during the third quarter. Aua Capital Management LLC now owns 4,898 shares of the financial services provider’s stock valued at $710,000 after purchasing an additional 581 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.8 %

Shares of JPM opened at $191.96 on Tuesday. The firm’s 50 day simple moving average is $191.58 and its 200 day simple moving average is $172.82. The company has a market capitalization of $551.25 billion, a P/E ratio of 11.59, a P/E/G ratio of 2.38 and a beta of 1.13. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. JPMorgan Chase & Co. has a 1-year low of $133.13 and a 1-year high of $200.94.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The business had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. Sell-side analysts forecast that JPMorgan Chase & Co. will post 15.98 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were paid a dividend of $1.15 per share. The ex-dividend date was Thursday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 2.40%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the transaction, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other JPMorgan Chase & Co. news, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the transaction, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Peter Scher sold 1,810 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $323,917.60. Following the transaction, the insider now directly owns 44,956 shares in the company, valued at $8,045,325.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,042,525 shares of company stock valued at $190,961,526. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. BMO Capital Markets dropped their price objective on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a report on Monday, April 15th. Oppenheimer lowered their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. Keefe, Bruyette & Woods increased their price target on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Finally, Jefferies Financial Group increased their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.