Capital Asset Advisory Services LLC Sells 202 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Capital Asset Advisory Services LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 39,616 shares of the financial services provider’s stock after selling 202 shares during the period. Capital Asset Advisory Services LLC’s holdings in JPMorgan Chase & Co. were worth $7,822,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Sherbrooke Park Advisers LLC bought a new position in JPMorgan Chase & Co. in the third quarter valued at about $244,000. AQR Capital Management LLC lifted its stake in JPMorgan Chase & Co. by 54.6% in the third quarter. AQR Capital Management LLC now owns 782,582 shares of the financial services provider’s stock valued at $113,490,000 after buying an additional 276,429 shares during the period. Axxcess Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 99.2% in the third quarter. Axxcess Wealth Management LLC now owns 135,014 shares of the financial services provider’s stock valued at $19,580,000 after buying an additional 67,243 shares during the period. AXQ Capital LP lifted its stake in JPMorgan Chase & Co. by 153.3% in the third quarter. AXQ Capital LP now owns 11,400 shares of the financial services provider’s stock valued at $1,653,000 after buying an additional 6,900 shares during the period. Finally, Augustine Asset Management Inc. lifted its stake in JPMorgan Chase & Co. by 3.2% in the third quarter. Augustine Asset Management Inc. now owns 35,288 shares of the financial services provider’s stock valued at $5,117,000 after buying an additional 1,097 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.6 %

JPM stock opened at $202.26 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The business has a 50 day moving average price of $196.91 and a two-hundred day moving average price of $186.10. The company has a market cap of $580.82 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 2.67 and a beta of 1.12. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $205.88.

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 analysts’ consensus estimates of $4.18 by $0.45. The firm had revenue of $41.93 billion during 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%. Analysts anticipate that JPMorgan Chase & Co. will post 16.44 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business 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 $1.15 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.27%. JPMorgan Chase & Co.’s dividend payout ratio is 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the transaction, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the transaction, the insider now directly owns 6,484 shares in the company, valued at approximately $1,237,860.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The disclosure for this sale can be found here. In the last three months, insiders sold 250,565 shares of company stock worth $46,962,717. 0.79% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

JPM has been the topic of several analyst reports. UBS Group increased their target price on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Jefferies Financial Group raised their price target 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. Evercore ISI raised their price target 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. StockNews.com lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th. Finally, Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.