JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Gleason Group Inc.

Gleason Group Inc. lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,483 shares of the financial services provider’s stock after selling 420 shares during the period. JPMorgan Chase & Co. comprises 0.6% of Gleason Group Inc.’s investment portfolio, making the stock its 18th biggest position. Gleason Group Inc.’s holdings in JPMorgan Chase & Co. were worth $3,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Sarasin & Partners LLP raised its position in JPMorgan Chase & Co. by 1.7% in the 1st quarter. Sarasin & Partners LLP now owns 779,034 shares of the financial services provider’s stock valued at $156,041,000 after purchasing an additional 12,895 shares in the last quarter. Inspirion Wealth Advisors LLC raised its position in JPMorgan Chase & Co. by 3.3% in the 1st quarter. Inspirion Wealth Advisors LLC now owns 3,089 shares of the financial services provider’s stock valued at $619,000 after purchasing an additional 100 shares in the last quarter. Affinity Capital Advisors LLC raised its position in JPMorgan Chase & Co. by 2.6% in the 1st quarter. Affinity Capital Advisors LLC now owns 4,310 shares of the financial services provider’s stock valued at $863,000 after purchasing an additional 110 shares in the last quarter. Beech Hill Advisors Inc. raised its position in JPMorgan Chase & Co. by 16.0% in the 1st quarter. Beech Hill Advisors Inc. now owns 19,751 shares of the financial services provider’s stock valued at $3,956,000 after purchasing an additional 2,720 shares in the last quarter. Finally, Retirement Planning Group LLC raised its position in JPMorgan Chase & Co. by 3.5% in the 1st quarter. Retirement Planning Group LLC now owns 5,602 shares of the financial services provider’s stock valued at $1,122,000 after purchasing an additional 191 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analysts Set New Price Targets

JPM has been the topic of a number of recent analyst reports. BMO Capital Markets dropped their price objective 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 price objective on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a report on Tuesday, May 21st. Robert W. Baird increased their price objective on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. UBS Group increased their price objective on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Finally, Jefferies Financial Group increased their price objective on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.10.

Insider Activity

In other news, General Counsel Stacey Friedman sold 4,415 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the sale, the general counsel now directly owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, General Counsel Stacey Friedman sold 4,415 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the sale, the general counsel now directly owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. 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 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 $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 in the last three months. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Trading Down 0.3 %

Shares of JPM stock opened at $197.41 on Thursday. The business’s 50 day moving average is $195.87 and its two-hundred day moving average is $185.44. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $205.88. The company has a market capitalization of $566.90 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 2.66 and a beta of 1.12. 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. (NYSE:JPM) last announced its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share 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 company had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. Equities analysts forecast that JPMorgan Chase & Co. will post 16.44 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be issued a $1.15 dividend. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a dividend yield of 2.33%. JPMorgan Chase & Co.’s dividend payout ratio 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.