Clarius Group LLC Lowers Holdings in JPMorgan Chase & Co. $JPM

Clarius Group LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,335 shares of the financial services provider’s stock after selling 402 shares during the quarter. Clarius Group LLC’s holdings in JPMorgan Chase & Co. were worth $7,055,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Financial Insights Inc. boosted its holdings in JPMorgan Chase & Co. by 13.0% in the second quarter. Financial Insights Inc. now owns 2,769 shares of the financial services provider’s stock valued at $803,000 after purchasing an additional 319 shares during the last quarter. McNaughton Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. by 3.0% in the second quarter. McNaughton Wealth Management LLC now owns 6,305 shares of the financial services provider’s stock valued at $1,828,000 after purchasing an additional 186 shares during the last quarter. Oak Hill Wealth Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 0.9% in the second quarter. Oak Hill Wealth Advisors LLC now owns 11,061 shares of the financial services provider’s stock worth $3,128,000 after acquiring an additional 101 shares during the period. Signature Wealth Management Partners LLC raised its position in shares of JPMorgan Chase & Co. by 6.5% in the second quarter. Signature Wealth Management Partners LLC now owns 13,397 shares of the financial services provider’s stock worth $3,884,000 after acquiring an additional 817 shares during the period. Finally, Yoder Wealth Management Inc. raised its position in shares of JPMorgan Chase & Co. by 12.8% in the second quarter. Yoder Wealth Management Inc. now owns 1,517 shares of the financial services provider’s stock worth $440,000 after acquiring an additional 172 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the company’s stock in a transaction dated 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 completion of the sale, the director owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on JPM shares. HSBC reiterated a “reduce” rating and issued a $259.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. Zacks Research downgraded shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 16th. Cowen reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, September 11th. Fourteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $313.89.

JPMorgan Chase & Co. Stock Down 1.4%

JPM opened at $301.12 on Friday. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $318.01. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The company has a 50-day moving average price of $301.61 and a 200 day moving average price of $276.78. The company has a market cap of $828.00 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 1.94 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The firm had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same quarter in the prior year, the firm earned $6.12 EPS. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business 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 dividend of $1.50 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date is Monday, October 6th. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. JPMorgan Chase & Co.’s payout ratio is currently 30.79%.

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.