Twelve Points Wealth Management LLC Sells 701 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Twelve Points Wealth Management LLC decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,035 shares of the financial services provider’s stock after selling 701 shares during the period. JPMorgan Chase & Co. makes up about 1.0% of Twelve Points Wealth Management LLC’s investment portfolio, making the stock its 18th largest position. Twelve Points Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $3,688,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of JPM. Redwood Park Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $29,000. Curat Global LLC purchased a new stake in JPMorgan Chase & Co. in the 1st quarter worth approximately $33,000. Sellwood Investment Partners LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $34,000. Investment Counsel Co. of Nevada purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $37,000. Finally, Prudent Man Investment Management Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at approximately $43,000. Institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wall Street Zen raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th. Wells Fargo & Company reissued an “overweight” rating on shares of JPMorgan Chase & Co. in a research note on Monday, July 7th. KGI Securities initiated coverage on shares of JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a “hold” rating for the company. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, June 18th. Finally, Morgan Stanley set a $240.00 price objective on shares of JPMorgan Chase & Co. and gave the stock an “equal weight” rating in a report on Monday, July 7th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $284.42.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CFO Jeremy Barnum sold 40,014 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total value of $10,034,310.78. Following the transaction, the chief financial officer directly owned 18,017 shares of the company’s stock, valued at $4,518,123.09. This trade represents a 68.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Stacey Friedman sold 6,608 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the completion of the sale, the general counsel owned 36,520 shares of the company’s stock, valued at $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,200 shares of company stock valued at $18,060,015. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $286.39 on Wednesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89. JPMorgan Chase & Co. has a fifty-two week low of $190.90 and a fifty-two week high of $296.40. The stock has a market capitalization of $795.90 billion, a P/E ratio of 14.06, a PEG ratio of 2.64 and a beta of 1.10. The company has a 50 day moving average price of $272.45 and a 200 day moving average price of $257.02.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping analysts’ consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The firm had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. During the same quarter in the previous year, the firm earned $6.12 earnings per share. The firm’s revenue was down 10.5% on a year-over-year basis. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.49%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.