Bridge Creek Capital Management LLC Sells 586 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Bridge Creek Capital Management LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,534 shares of the financial services provider’s stock after selling 586 shares during the quarter. JPMorgan Chase & Co. comprises 3.2% of Bridge Creek Capital Management LLC’s portfolio, making the stock its 3rd biggest holding. Bridge Creek Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $10,122,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Stone House Investment Management LLC grew its holdings in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after buying an additional 89 shares in the last quarter. Bare Financial Services Inc acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at $35,000. Partnership Wealth Management LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at $36,000. Stuart Chaussee & Associates Inc. acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at $40,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at $40,000. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 0.3 %

Shares of JPM stock opened at $196.94 on Monday. The stock has a market cap of $565.55 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 2.67 and a beta of 1.12. The stock has a 50-day moving average of $195.20 and a 200-day moving average of $184.87. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $205.88.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping 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 business had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 16.41 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

Insider Buying and Selling

In related news, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, 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. Insiders sold 250,565 shares of company stock valued at $46,962,717 over the last 90 days. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on JPM shares. StockNews.com lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. 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. Evercore ISI upped their price objective on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Oppenheimer dropped their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. Finally, Jefferies Financial Group upped their price objective on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price 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.