Matrix Asset Advisors Inc. NY Trims Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Matrix Asset Advisors Inc. NY lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 184,245 shares of the financial services provider’s stock after selling 23,973 shares during the period. JPMorgan Chase & Co. comprises 4.4% of Matrix Asset Advisors Inc. NY’s portfolio, making the stock its 2nd largest position. Matrix Asset Advisors Inc. NY’s holdings in JPMorgan Chase & Co. were worth $36,904,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of JPM. Teza Capital Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 40.8% in the 3rd quarter. Teza Capital Management LLC now owns 12,044 shares of the financial services provider’s stock worth $1,747,000 after purchasing an additional 3,487 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $244,000. Gotham Asset Management LLC increased its position in JPMorgan Chase & Co. by 1.9% in the 3rd quarter. Gotham Asset Management LLC now owns 54,961 shares of the financial services provider’s stock valued at $7,970,000 after acquiring an additional 1,029 shares during the period. Northeast Financial Consultants Inc increased its position in JPMorgan Chase & Co. by 0.6% in the 3rd quarter. Northeast Financial Consultants Inc now owns 178,875 shares of the financial services provider’s stock valued at $25,940,000 after acquiring an additional 1,053 shares during the period. Finally, Waverly Advisors LLC increased its position in JPMorgan Chase & Co. by 68.2% in the 3rd quarter. Waverly Advisors LLC now owns 40,710 shares of the financial services provider’s stock valued at $5,904,000 after acquiring an additional 16,513 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.9 %

NYSE:JPM opened at $199.20 on Friday. The firm has a market capitalization of $572.04 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 2.65 and a beta of 1.12. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $205.88. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The business’s fifty day moving average price is $196.22 and its 200 day moving average price is $185.53.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly 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. The firm had revenue of $41.93 billion for the quarter, compared to analyst estimates 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 forecast that JPMorgan Chase & Co. will post 16.44 earnings per share 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. Shareholders of record on Friday, July 5th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. UBS Group raised their target price on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Morgan Stanley lowered their target price on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 21st. Royal Bank of Canada reiterated an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Robert W. Baird upped 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. Finally, Jefferies Financial Group upped 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 investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $194.10.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 15,895 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $193.66, for a total value of $3,078,225.70. Following the transaction, the chief executive officer now directly owns 585,898 shares of the company’s stock, valued at approximately $113,465,006.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO James Dimon sold 178,222 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. Insiders have sold a total of 250,565 shares of company stock valued at $46,962,717 in the last three months. Insiders own 0.79% of the company’s stock.

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.