Neumann Capital Management LLC Sells 650 Shares of JPMorgan Chase & Co. $JPM

Neumann Capital Management LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,530 shares of the financial services provider’s stock after selling 650 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.1% of Neumann Capital Management LLC’s holdings, making the stock its 25th biggest holding. Neumann Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $3,343,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. XY Planning Network Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter worth about $656,000. Uncommon Cents Investing LLC lifted its position in JPMorgan Chase & Co. by 1.1% during the 2nd quarter. Uncommon Cents Investing LLC now owns 26,128 shares of the financial services provider’s stock worth $7,575,000 after buying an additional 287 shares in the last quarter. BayBridge Capital Group LLC lifted its position in JPMorgan Chase & Co. by 1.9% during the 2nd quarter. BayBridge Capital Group LLC now owns 6,332 shares of the financial services provider’s stock worth $1,836,000 after buying an additional 121 shares in the last quarter. Virginia Wealth Management Group Inc. lifted its position in JPMorgan Chase & Co. by 1.1% during the 2nd quarter. Virginia Wealth Management Group Inc. now owns 24,023 shares of the financial services provider’s stock worth $6,964,000 after buying an additional 270 shares in the last quarter. Finally, Charles Schwab Trust Co lifted its position in JPMorgan Chase & Co. by 2.0% during the 2nd quarter. Charles Schwab Trust Co now owns 27,191 shares of the financial services provider’s stock worth $7,883,000 after buying an additional 524 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $307.65 on Friday. The company has a market capitalization of $845.96 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 2.05 and a beta of 1.13. The firm’s 50 day simple moving average is $300.44 and its 200 day simple moving average is $273.96. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating analysts’ consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. JPMorgan Chase & Co.’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period last year, the company posted $6.12 EPS. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be given a $1.50 dividend. The ex-dividend date is Monday, October 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s dividend payout ratio is 28.73%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the sale, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.47% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on JPM shares. Royal Bank Of Canada reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, September 11th. Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. The Goldman Sachs Group set a $330.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Friday, June 27th. Finally, Evercore ISI upped their price target on shares of JPMorgan Chase & Co. from $309.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $303.45.

JPMorgan Chase & Co. 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.