JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Roble Belko & Company Inc

Roble Belko & Company Inc trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 23.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,786 shares of the financial services provider’s stock after selling 556 shares during the period. Roble Belko & Company Inc’s holdings in JPMorgan Chase & Co. were worth $358,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JPM. Connor Clark & Lunn Investment Management Ltd. lifted its position in JPMorgan Chase & Co. by 10.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,657 shares of the financial services provider’s stock worth $5,461,000 after buying an additional 3,471 shares in the last quarter. PGIM Custom Harvest LLC raised its holdings in shares of JPMorgan Chase & Co. by 13.0% during the 3rd quarter. PGIM Custom Harvest LLC now owns 3,190 shares of the financial services provider’s stock worth $463,000 after acquiring an additional 367 shares during the period. Operose Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 161.7% during the 3rd quarter. Operose Advisors LLC now owns 3,271 shares of the financial services provider’s stock valued at $474,000 after acquiring an additional 2,021 shares during the last quarter. One Charles Private Wealth Services LLC grew its holdings in shares of JPMorgan Chase & Co. by 2.2% in the third quarter. One Charles Private Wealth Services LLC now owns 11,450 shares of the financial services provider’s stock valued at $1,660,000 after purchasing an additional 241 shares during the period. Finally, OMERS ADMINISTRATION Corp increased its position in JPMorgan Chase & Co. by 44.0% during the third quarter. OMERS ADMINISTRATION Corp now owns 642,764 shares of the financial services provider’s stock worth $93,214,000 after purchasing an additional 196,300 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the completion of the transaction, the insider now directly owns 217,351 shares in the company, valued at approximately $42,087,847.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the 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 transaction, the general counsel now owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total transaction of $984,853.04. Following the completion of the transaction, the insider now owns 217,351 shares in the company, valued at approximately $42,087,847.64. The disclosure for this sale can be found here. Insiders sold a total of 250,565 shares of company stock worth $46,962,717 over the last ninety days. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $196.94 on Monday. The stock’s 50 day moving average price is $195.20 and its 200 day moving average price is $184.87. The firm has a market cap of $565.55 billion, a P/E ratio of 11.85, a PEG ratio of 2.67 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. has a 1 year low of $135.19 and a 1 year high of $205.88.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data 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. The business had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 16.41 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on JPM shares. UBS Group boosted their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. StockNews.com cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Keefe, Bruyette & Woods raised their price objective on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 21st. Oppenheimer dropped their target price on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Finally, Jefferies Financial Group increased their price target on shares of 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 equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $194.10.

About JPMorgan Chase & Co.

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.