Congress Park Capital LLC Reduces Position in JPMorgan Chase & Co. (NYSE:JPM)

Congress Park Capital LLC trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 6.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,632 shares of the financial services provider’s stock after selling 1,300 shares during the quarter. JPMorgan Chase & Co. makes up 1.7% of Congress Park Capital LLC’s portfolio, making the stock its 17th biggest holding. Congress Park Capital LLC’s holdings in JPMorgan Chase & Co. were worth $3,732,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Dohj LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.3% during the first quarter. Dohj LLC now owns 8,661 shares of the financial services provider’s stock valued at $1,735,000 after buying an additional 109 shares during the period. Tarbox Family Office Inc. raised its holdings in JPMorgan Chase & Co. by 13.5% in the 1st quarter. Tarbox Family Office Inc. now owns 1,926 shares of the financial services provider’s stock valued at $386,000 after acquiring an additional 229 shares during the last quarter. 180 Wealth Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.7% during the 1st quarter. 180 Wealth Advisors LLC now owns 19,426 shares of the financial services provider’s stock worth $3,891,000 after purchasing an additional 129 shares during the period. Thrive Wealth Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 7.6% during the first quarter. Thrive Wealth Management LLC now owns 7,854 shares of the financial services provider’s stock worth $1,573,000 after purchasing an additional 555 shares during the last quarter. Finally, Towerpoint Wealth LLC purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at $227,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

JPM opened at $202.26 on Friday. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $205.88. The firm has a market cap of $580.82 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 2.67 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. The company has a fifty day simple moving average of $196.91 and a 200 day simple moving average of $186.10.

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 during the quarter, compared to the consensus estimate of $40.90 billion. Equities research analysts expect that JPMorgan Chase & Co. will post 16.44 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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

Insider Activity

In related news, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. stock in a transaction on Monday, May 20th. The shares were 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 owns 42,124 shares in the company, valued at $8,452,180.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the 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 transaction, the chief executive officer now owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Stacey Friedman sold 4,415 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were 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 owns 42,124 shares of the company’s stock, valued at $8,452,180.60. 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 currently owned by insiders.

Analyst Ratings Changes

JPM has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $211.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Evercore ISI increased their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Oppenheimer decreased their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Finally, Keefe, Bruyette & Woods increased their target price 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. One 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. According to 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. 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.