Financial Perspectives Inc Sells 93 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Financial Perspectives Inc trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 9,121 shares of the financial services provider’s stock after selling 93 shares during the period. Financial Perspectives Inc’s holdings in JPMorgan Chase & Co. were worth $1,827,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in JPM. Kampmann Melissa S. purchased a new position in JPMorgan Chase & Co. in the third quarter valued at about $2,657,000. Tompkins Financial Corp boosted its stake in JPMorgan Chase & Co. by 9.1% in the third quarter. Tompkins Financial Corp now owns 74,682 shares of the financial services provider’s stock valued at $10,830,000 after acquiring an additional 6,250 shares during the last quarter. Brown Shipley& Co Ltd boosted its stake in JPMorgan Chase & Co. by 10.1% in the third quarter. Brown Shipley& Co Ltd now owns 54,927 shares of the financial services provider’s stock valued at $7,965,000 after acquiring an additional 5,025 shares during the last quarter. Carlson Capital Management lifted its stake in shares of JPMorgan Chase & Co. by 4.7% during the 3rd quarter. Carlson Capital Management now owns 5,765 shares of the financial services provider’s stock valued at $836,000 after buying an additional 261 shares in the last quarter. Finally, Braun Stacey Associates Inc. lifted its stake in shares of JPMorgan Chase & Co. by 1.2% during the 3rd quarter. Braun Stacey Associates Inc. now owns 208,740 shares of the financial services provider’s stock valued at $30,271,000 after buying an additional 2,430 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

JPM has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a research note on Tuesday, May 21st. Evercore ISI restated an “outperform” rating and set a $210.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 3rd. BMO Capital Markets dropped their price target on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research note on Monday, April 15th. Robert W. Baird upped their price target on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $195.95.

Check Out Our Latest Stock Report on JPM

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $205.08 on Tuesday. The company’s fifty day moving average price is $198.64 and its 200-day moving average price is $187.99. The firm has a market capitalization of $588.92 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 2.74 and a beta of 1.12. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $210.38. 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. (NYSE:JPMGet Free Report) last issued its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. The firm had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 16.47 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.65, for a total transaction of $885,869.75. Following the transaction, the general counsel now owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO James Dimon sold 178,222 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.65, for a total transaction of $885,869.75. Following the transaction, the general counsel now directly owns 42,124 shares in the company, valued at approximately $8,452,180.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 250,565 shares of company stock valued at $46,962,717. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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