Wynn Capital LLC Trims Position in JPMorgan Chase & Co. (NYSE:JPM)

Wynn Capital LLC trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,142 shares of the financial services provider’s stock after selling 422 shares during the quarter. JPMorgan Chase & Co. makes up 2.8% of Wynn Capital LLC’s investment portfolio, making the stock its 7th largest position. Wynn Capital LLC’s holdings in JPMorgan Chase & Co. were worth $3,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Stone House Investment Management LLC grew its position in shares of JPMorgan Chase & Co. by 132.8% in the 4th 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 during the last quarter. Bare Financial Services Inc bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $35,000. Partnership Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $36,000. Stuart Chaussee & Associates Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $40,000. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $40,000. 71.55% of the stock is currently owned by institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the transaction, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction on Monday, June 10th. The stock was 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 owns 212,265 shares in the company, valued at $42,355,358.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robin Leopold sold 3,000 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $198.86, for a total value of $596,580.00. Following the sale, the insider now owns 44,113 shares of the company’s stock, valued at approximately $8,772,311.18. The disclosure for this sale can be found here. Insiders sold 254,485 shares of company stock worth $47,728,528 over the last quarter. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Stock Down 1.2 %

Shares of JPM stock traded down $2.37 during mid-day trading on Friday, hitting $196.30. The company’s stock had a trading volume of 20,972,495 shares, compared to its average volume of 7,394,113. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $205.88. The business has a 50-day moving average price of $195.20 and a 200 day moving average price of $184.48. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $563.71 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 2.67 and a beta of 1.12.

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 for the quarter, topping the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The firm had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. Research analysts predict that JPMorgan Chase & Co. will post 16.41 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a research report on Tuesday, May 21st. Oppenheimer dropped their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. StockNews.com lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, UBS Group lifted their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $194.10.

Get Our Latest Stock Analysis on JPM

JPMorgan Chase & Co. Company 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

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

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