Grey Fox Wealth Advisors LLC Decreases Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Grey Fox Wealth Advisors LLC cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,579 shares of the financial services provider’s stock after selling 142 shares during the quarter. Grey Fox Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $717,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Stone House Investment Management LLC grew its holdings in JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 89 shares during the period. Bare Financial Services Inc acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $35,000. Partnership Wealth Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth $36,000. Stuart Chaussee & Associates Inc. purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth about $40,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $40,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JPM has been the topic of several analyst reports. StockNews.com lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Robert W. Baird boosted their price objective on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Finally, BMO Capital Markets decreased their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $194.10.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the sale, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Ashley Bacon sold 5,086 shares of the business’s 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 transaction, the insider now owns 212,265 shares in the company, valued at approximately $42,355,358.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 4,415 shares of the business’s 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 completion of the transaction, the general counsel now owns 42,124 shares in the company, valued at approximately $8,452,180.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 254,485 shares of company stock worth $47,728,528. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Down 1.2 %

JPMorgan Chase & Co. stock opened at $196.30 on Friday. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $205.88. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $563.71 billion, a PE ratio of 11.85, a P/E/G ratio of 2.67 and a beta of 1.12. The stock’s fifty day moving average is $195.20 and its two-hundred day moving average is $184.67.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS 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 business had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 16.41 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

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.