JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by JCIC Asset Management Inc.

JCIC Asset Management Inc. cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,431 shares of the financial services provider’s stock after selling 620 shares during the period. JPMorgan Chase & Co. accounts for 5.4% of JCIC Asset Management Inc.’s portfolio, making the stock its 6th largest holding. JCIC Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $13,234,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Fortitude Family Office LLC increased its holdings in shares of JPMorgan Chase & Co. by 26.0% during the 2nd quarter. Fortitude Family Office LLC now owns 7,408 shares of the financial services provider’s stock worth $1,498,000 after acquiring an additional 1,527 shares during the last quarter. Indiana Trust & Investment Management CO increased its holdings in shares of JPMorgan Chase & Co. by 1.7% in the second quarter. Indiana Trust & Investment Management CO now owns 27,003 shares of the financial services provider’s stock valued at $5,462,000 after purchasing an additional 459 shares during the last quarter. Legacy Financial Strategies LLC increased its holdings in shares of JPMorgan Chase & Co. by 16.0% in the second quarter. Legacy Financial Strategies LLC now owns 3,801 shares of the financial services provider’s stock valued at $793,000 after purchasing an additional 525 shares during the last quarter. Advocate Group LLC raised its position in shares of JPMorgan Chase & Co. by 2.9% in the second quarter. Advocate Group LLC now owns 44,409 shares of the financial services provider’s stock valued at $8,982,000 after purchasing an additional 1,253 shares during the period. Finally, Simplicity Wealth LLC lifted its stake in shares of JPMorgan Chase & Co. by 8.7% during the 2nd quarter. Simplicity Wealth LLC now owns 115,067 shares of the financial services provider’s stock worth $23,274,000 after buying an additional 9,236 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Price Performance

JPM traded up $3.66 during trading on Thursday, hitting $204.06. 7,681,737 shares of the stock traded hands, compared to its average volume of 9,316,680. The business has a 50 day moving average price of $203.42 and a 200 day moving average price of $193.77. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $217.56. The company has a market cap of $585.99 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 2.42 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. During the same quarter last year, the company posted $4.37 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were issued a $1.15 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.25%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.66%.

Insider Transactions at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the transaction, the general counsel now directly owns 42,124 shares in the company, valued at approximately $8,452,180.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the transaction, the insider now directly owns 212,265 shares in the company, valued at $42,355,358.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.65, for a total value of $885,869.75. Following the sale, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,533 shares of company stock valued at $5,907,336. 0.79% of the stock is currently owned by insiders.

Analysts Set New Price Targets

JPM has been the topic of several research analyst reports. Barclays increased their price target on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Jefferies Financial Group upped their price objective on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. UBS Group lifted their target price on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. BMO Capital Markets boosted their target price on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average price target of $205.71.

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.