Bfsg LLC Decreases Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Bfsg LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,646 shares of the financial services provider’s stock after selling 1,576 shares during the quarter. Bfsg LLC’s holdings in JPMorgan Chase & Co. were worth $6,291,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in JPM. DDD Partners LLC lifted its stake in shares of JPMorgan Chase & Co. by 2.8% in the 4th quarter. DDD Partners LLC now owns 1,416 shares of the financial services provider’s stock valued at $339,000 after acquiring an additional 38 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in JPMorgan Chase & Co. by 1.5% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider’s stock valued at $622,000 after purchasing an additional 38 shares during the last quarter. Hurlow Wealth Management Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.7% during the fourth quarter. Hurlow Wealth Management Group Inc. now owns 5,538 shares of the financial services provider’s stock valued at $1,328,000 after purchasing an additional 40 shares during the period. Wimmer Associates 1 LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.0% in the fourth quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider’s stock worth $986,000 after purchasing an additional 40 shares during the last quarter. Finally, Twin Lakes Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 0.3% in the fourth quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider’s stock worth $3,340,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on JPM. Robert W. Baird increased their price target on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, May 20th. Royal Bank Of Canada reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. KGI Securities began coverage on JPMorgan Chase & Co. in a report on Sunday, April 13th. They set a “hold” rating on the stock. Bank of America upped their price target on JPMorgan Chase & Co. from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $271.70.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the sale, the insider now directly owns 49,127 shares in the company, valued at approximately $12,130,438.84. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jennifer Piepszak sold 4,272 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.03, for a total value of $1,055,312.16. Following the completion of the transaction, the chief operating officer now directly owns 50,197 shares of the company’s stock, valued at approximately $12,400,164.91. This trade represents a 7.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,722 shares of company stock valued at $25,599,477 over the last 90 days. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $273.83 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a 50 day moving average price of $255.59 and a 200-day moving average price of $251.19. JPMorgan Chase & Co. has a 52-week low of $190.90 and a 52-week high of $280.25. The firm has a market capitalization of $760.98 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 2.76 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.63 by $0.44. The firm had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The company’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the company earned $4.44 earnings per share. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS 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. Stockholders of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s payout ratio is 27.49%.

JPMorgan Chase & Co. 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.