JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Outfitter Financial LLC

Outfitter Financial LLC lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 20,393 shares of the financial services provider’s stock after selling 1,505 shares during the quarter. JPMorgan Chase & Co. makes up approximately 3.4% of Outfitter Financial LLC’s investment portfolio, making the stock its 2nd largest holding. Outfitter Financial LLC’s holdings in JPMorgan Chase & Co. were worth $4,085,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Morgan Stanley grew its position in shares of JPMorgan Chase & Co. by 0.3% during the 3rd quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider’s stock worth $9,127,754,000 after buying an additional 201,441 shares during the period. Wellington Management Group LLP grew its position in shares of JPMorgan Chase & Co. by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after buying an additional 4,603,090 shares during the period. Capital International Investors lifted its holdings in shares of JPMorgan Chase & Co. by 5.4% in the 4th quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock worth $7,062,094,000 after purchasing an additional 2,128,478 shares in the last quarter. Norges Bank bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $6,016,878,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of JPMorgan Chase & Co. by 3.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 21,338,704 shares of the financial services provider’s stock worth $3,629,757,000 after purchasing an additional 695,502 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock traded down $3.94 during trading hours on Friday, hitting $204.75. 3,692,680 shares of the company’s stock traded hands, compared to its average volume of 9,183,506. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $210.38. The stock has a market capitalization of $587.97 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 2.79 and a beta of 1.12. The company has a fifty day simple moving average of $198.18 and a 200-day simple moving average of $187.18. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick 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 (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $40.90 billion. Equities research analysts anticipate that JPMorgan Chase & Co. will post 16.5 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.25%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JPM. BMO Capital Markets cut their target price on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a report on Monday, April 15th. Keefe, Bruyette & Woods increased their target price 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. Jefferies Financial Group increased their target price on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Finally, Robert W. Baird increased their target price on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $194.65.

Insider Buying and Selling

In related news, insider Robin Leopold sold 3,000 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $198.86, for a total value of $596,580.00. Following the completion of the sale, the insider now owns 44,113 shares of the company’s stock, valued at approximately $8,772,311.18. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other JPMorgan Chase & Co. news, insider Robin Leopold sold 3,000 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $198.86, for a total transaction of $596,580.00. Following the completion of the transaction, the insider now owns 44,113 shares of the company’s stock, valued at approximately $8,772,311.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, April 15th. The shares were 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 directly owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 250,565 shares of company stock valued at $46,962,717. 0.79% of the stock is owned by insiders.

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.