Integrated Advisors Network LLC Sells 1,489 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Integrated Advisors Network LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,505 shares of the financial services provider’s stock after selling 1,489 shares during the period. JPMorgan Chase & Co. comprises approximately 0.8% of Integrated Advisors Network LLC’s investment portfolio, making the stock its 18th biggest position. Integrated Advisors Network LLC’s holdings in JPMorgan Chase & Co. were worth $13,694,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. White Pine Capital LLC raised its position in JPMorgan Chase & Co. by 4.9% during the 3rd quarter. White Pine Capital LLC now owns 19,890 shares of the financial services provider’s stock worth $2,884,000 after purchasing an additional 925 shares during the last quarter. Atomi Financial Group Inc. raised its position in JPMorgan Chase & Co. by 2.1% during the 3rd quarter. Atomi Financial Group Inc. now owns 29,645 shares of the financial services provider’s stock worth $4,299,000 after purchasing an additional 599 shares during the last quarter. Fi3 FINANCIAL ADVISORS LLC raised its position in JPMorgan Chase & Co. by 12.2% during the 3rd quarter. Fi3 FINANCIAL ADVISORS LLC now owns 6,559 shares of the financial services provider’s stock worth $951,000 after purchasing an additional 713 shares during the last quarter. Mizuho Markets Americas LLC bought a new position in JPMorgan Chase & Co. during the 3rd quarter worth $24,662,000. Finally, Manchester Capital Management LLC raised its position in JPMorgan Chase & Co. by 4.0% during the 3rd quarter. Manchester Capital Management LLC now owns 15,163 shares of the financial services provider’s stock worth $2,199,000 after purchasing an additional 577 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Up 0.1 %

JPM traded up $0.12 during midday trading on Friday, reaching $193.78. 6,874,029 shares of the company were exchanged, compared to its average volume of 8,653,904. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $205.88. The company’s fifty day moving average price is $194.90 and its 200 day moving average price is $183.06. The company has a market cap of $556.47 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 2.61 and a beta of 1.12. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $40.90 billion. As a group, analysts expect that JPMorgan Chase & Co. will post 16.41 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.37%. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In related news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $190.91, for a total value of $4,167,374.39. Following the completion of the transaction, the insider now owns 6,484 shares in the company, valued at approximately $1,237,860.44. The disclosure for this sale can be found here. Insiders have sold 254,485 shares of company stock worth $47,728,528 in the last 90 days. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on JPM. Morgan Stanley decreased their price target on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, May 21st. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Jefferies Financial Group increased their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a report on Tuesday, May 21st. Finally, Oppenheimer decreased their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.10.

JPMorgan Chase & Co. Company Profile

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.