JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Davis R M Inc.

Davis R M Inc. decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 351,355 shares of the financial services provider’s stock after selling 4,666 shares during the period. JPMorgan Chase & Co. makes up 1.4% of Davis R M Inc.’s portfolio, making the stock its 23rd biggest position. Davis R M Inc.’s holdings in JPMorgan Chase & Co. were worth $59,766,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stone House Investment Management LLC boosted its holdings in JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after buying an additional 89 shares in the last quarter. Bare Financial Services Inc acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $35,000. Partnership Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $36,000. Briaud Financial Planning Inc acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth $40,000. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $40,000. 71.55% of the stock is currently owned by institutional investors.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 4,415 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the transaction, the general counsel now directly owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Robin Leopold sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $198.86, for a total value of $596,580.00. Following the sale, the insider now directly owns 44,113 shares in the company, valued at approximately $8,772,311.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the sale, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 249,399 shares of company stock worth $46,713,667. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on JPM shares. Robert W. Baird lifted their price target on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday. BMO Capital Markets reduced 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. UBS Group boosted their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday. Finally, Jefferies Financial Group lifted their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.10.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM traded up $2.07 during mid-day trading on Friday, hitting $198.99. 928,071 shares of the company’s stock traded hands, compared to its average volume of 9,231,700. The firm has a market capitalization of $571.43 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 2.68 and a beta of 1.13. The firm has a 50 day moving average of $194.50 and a two-hundred day moving average of $177.66. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 12 month low of $134.40 and a 12 month high of $205.88.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.45. The company had revenue of $41.93 billion during 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%. On average, equities analysts forecast that JPMorgan Chase & Co. will post 16.31 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

JPMorgan Chase & Co. Profile

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.