JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPMFree Report) by 0.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,793 shares of the financial services provider’s stock after selling 147 shares during the period. JPMorgan Chase & Co. accounts for 1.6% of Uncommon Cents Investing LLC’s portfolio, making the stock its 12th largest position. Uncommon Cents Investing LLC’s holdings in JPMorgan Chase & Co. were worth $5,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $6,016,878,000. International Assets Investment Management LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter worth about $1,017,893,000. Wellington Management Group LLP boosted its stake in JPMorgan Chase & Co. by 12.2% in the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after acquiring an additional 4,603,090 shares during the period. Capital International Investors grew its holdings in shares of JPMorgan Chase & Co. by 5.4% during the fourth quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock valued at $7,062,094,000 after purchasing an additional 2,128,478 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its holdings in shares of JPMorgan Chase & Co. by 3,836.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,518,969 shares of the financial services provider’s stock valued at $258,377,000 after purchasing an additional 1,480,379 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on JPM shares. Oppenheimer reduced their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. BMO Capital Markets lowered their price target on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research report on Monday, April 15th. Evercore ISI reiterated an “outperform” rating and issued a $210.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 3rd. Robert W. Baird upped their target price on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Finally, StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.95.

Read Our Latest Research Report on JPM

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the sale, the insider now directly owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ashley Bacon sold 5,086 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the sale, the insider now owns 212,265 shares of the company’s stock, valued at approximately $42,355,358.10. The disclosure for this sale can be found here. Insiders sold 250,565 shares of company stock worth $46,962,717 in the last quarter. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Up 0.1 %

NYSE JPM opened at $205.08 on Tuesday. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $210.38. The company has a market capitalization of $588.92 billion, a P/E ratio of 12.38, a PEG ratio of 2.74 and a beta of 1.12. The company’s 50 day simple moving average is $198.64 and its 200 day simple moving average is $187.99. 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 posted its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.45. The company had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. Equities research analysts expect that JPMorgan Chase & Co. will post 16.47 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders 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 27.78%.

JPMorgan Chase & Co. 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.

See Also

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

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