JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Arcus Capital Partners LLC

Arcus Capital Partners LLC lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 13.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,358 shares of the financial services provider’s stock after selling 213 shares during the quarter. Arcus Capital Partners LLC’s holdings in JPMorgan Chase & Co. were worth $333,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fourth Dimension Wealth LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $471,000. Crown Wealth Group LLC boosted its stake in shares of JPMorgan Chase & Co. by 5.4% during the first quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider’s stock valued at $1,060,000 after acquiring an additional 222 shares during the last quarter. Hidden Cove Wealth Management LLC increased its position in JPMorgan Chase & Co. by 4.2% during the 1st quarter. Hidden Cove Wealth Management LLC now owns 2,758 shares of the financial services provider’s stock worth $677,000 after purchasing an additional 112 shares in the last quarter. Aaron Wealth Advisors LLC raised its stake in JPMorgan Chase & Co. by 6.4% in the 1st quarter. Aaron Wealth Advisors LLC now owns 20,191 shares of the financial services provider’s stock valued at $4,953,000 after purchasing an additional 1,218 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. raised its stake in JPMorgan Chase & Co. by 11.1% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 15,648 shares of the financial services provider’s stock valued at $3,838,000 after purchasing an additional 1,561 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $285.79 on Thursday. The business’s fifty day moving average price is $273.18 and its 200 day moving average price is $257.22. JPMorgan Chase & Co. has a twelve month low of $190.90 and a twelve month high of $296.40. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $794.22 billion, a P/E ratio of 14.66, a PEG ratio of 2.61 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 17.06% and a net margin of 20.52%. The business had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. During the same period in the previous year, the company posted $6.12 EPS. The company’s revenue was down 10.5% compared to the same quarter last year. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a dividend of $1.40 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 1.96%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 28.73%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 2,821 shares of the firm’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $749,567.91. Following the transaction, the general counsel owned 68,757 shares of the company’s stock, valued at approximately $18,269,422.47. This trade represents a 3.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jennifer Piepszak sold 6,128 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the sale, the chief operating officer directly owned 62,455 shares of the company’s stock, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,200 shares of company stock valued at $18,060,015 in the last ninety days. Corporate insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. TD Securities reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Evercore ISI set a $298.00 price objective on shares of JPMorgan Chase & Co. and gave the company an “outperform” rating in a research note on Monday, July 7th. Bank of America lifted their target price on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday. Keefe, Bruyette & Woods lifted their target price on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, UBS Group increased their price target on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, April 17th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $288.68.

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.