Guggenheim Capital LLC Cuts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Guggenheim Capital LLC decreased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 352,405 shares of the financial services provider’s stock after selling 7,872 shares during the period. Guggenheim Capital LLC’s holdings in JPMorgan Chase & Co. were worth $53,646,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of JPM. Inspire Advisors LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $27,000. Retirement Group LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $29,000. Tower View Investment Management & Research LLC lifted its position in shares of JPMorgan Chase & Co. by 71.8% during the first quarter. Tower View Investment Management & Research LLC now owns 225 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. Bellwether Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 288.3% in the first quarter. Bellwether Advisors LLC now owns 365 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 271 shares during the period. Finally, Veritas Investment Partners UK Ltd. acquired a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $61,000. Institutional investors and hedge funds own 70.56% of the company’s stock.

A number of brokerages have commented on JPM. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of JPMorgan Chase & Co. from $142.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, April 1st. DZ Bank reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, April 6th. Credit Suisse Group raised their price objective on JPMorgan Chase & Co. from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Monday, March 22nd. Atlantic Securities reaffirmed a “neutral” rating and issued a $150.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, May 3rd. Finally, Barclays reissued a “buy” rating and set a $187.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, April 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $151.79.

In other news, CEO Mary E. Erdoes sold 19,188 shares of the business’s stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $150.90, for a total transaction of $2,895,469.20. Also, General Counsel Stacey Friedman sold 16,965 shares of the stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $150.90, for a total value of $2,560,018.50. In the last ninety days, insiders sold 61,130 shares of company stock worth $9,224,636. Corporate insiders own 0.79% of the company’s stock.

Shares of NYSE:JPM traded up $1.32 during trading on Thursday, hitting $152.44. 385,505 shares of the company traded hands, compared to its average volume of 14,884,429. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. The stock has a fifty day simple moving average of $158.01. The company has a market capitalization of $461.46 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 2.40 and a beta of 1.21. JPMorgan Chase & Co. has a one year low of $90.78 and a one year high of $167.44.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, April 13th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.10 by $1.40. JPMorgan Chase & Co. had a return on equity of 16.66% and a net margin of 31.15%. The business had revenue of $32.30 billion during the quarter, compared to analyst estimates of $29.97 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. Equities research analysts predict that JPMorgan Chase & Co. will post 13.35 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, July 31st. Stockholders of record on Tuesday, July 6th will be given a dividend of $0.90 per share. The ex-dividend date is Friday, July 2nd. This represents a $3.60 annualized dividend and a dividend yield of 2.36%. JPMorgan Chase & Co.’s dividend payout ratio is currently 40.54%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

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

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