JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by ARK & TLK Investments LLC

ARK & TLK Investments LLC lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,310 shares of the financial services provider’s stock after selling 120 shares during the quarter. ARK & TLK Investments LLC’s holdings in JPMorgan Chase & Co. were worth $1,548,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Redwood Park Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth $29,000. Curat Global LLC purchased a new position in JPMorgan Chase & Co. during the 1st quarter worth $33,000. Sellwood Investment Partners LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth $34,000. Investment Counsel Co. of Nevada purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth $37,000. Finally, Prudent Man Investment Management Inc. purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth $43,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Activity

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were 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 $16,392,563.85. This trade represents a 8.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeremy Barnum sold 40,014 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the sale, the chief financial officer directly owned 18,017 shares in the company, valued at $4,518,123.09. This represents a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,200 shares of company stock valued at $18,060,015 over the last quarter. 0.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Bank of America increased their price target on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday. Cowen reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Evercore ISI set a $298.00 price target on shares of JPMorgan Chase & Co. and gave the company an “outperform” rating in a report on Monday, July 7th. TD Securities reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Finally, Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $288.68.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $291.22 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.25. The firm has a 50-day moving average price of $274.67 and a two-hundred day moving average price of $257.92. JPMorgan Chase & Co. has a twelve month low of $190.90 and a twelve month high of $296.40. The company has a market capitalization of $809.33 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 2.53 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results 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 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 period last year, the firm posted $6.12 EPS. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. As a group, research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 1.92%. JPMorgan Chase & Co.’s dividend payout ratio is currently 28.73%.

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.