Lincoln Capital Corp Sells 444 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Lincoln Capital Corp trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,973 shares of the financial services provider’s stock after selling 444 shares during the period. JPMorgan Chase & Co. makes up approximately 2.1% of Lincoln Capital Corp’s holdings, making the stock its 16th biggest holding. Lincoln Capital Corp’s holdings in JPMorgan Chase & Co. were worth $4,802,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Thrive Wealth Management LLC lifted its holdings in 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 acquiring an additional 555 shares in the last quarter. Towerpoint Wealth LLC acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $227,000. Cardinal Capital Management increased its stake in JPMorgan Chase & Co. by 4.8% during the 1st quarter. Cardinal Capital Management now owns 57,445 shares of the financial services provider’s stock worth $11,506,000 after purchasing an additional 2,642 shares in the last quarter. ERn Financial LLC raised its holdings in JPMorgan Chase & Co. by 2.0% during the 1st quarter. ERn Financial LLC now owns 5,746 shares of the financial services provider’s stock worth $1,151,000 after buying an additional 110 shares during the period. Finally, Janiczek Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 9.6% in the first quarter. Janiczek Wealth Management LLC now owns 2,703 shares of the financial services provider’s stock valued at $541,000 after buying an additional 236 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

JPM has been the topic of a number of research analyst reports. StockNews.com lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Evercore ISI boosted their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Keefe, Bruyette & Woods upped 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 JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $194.10.

Insiders Place Their Bets

In other news, insider Elena A. Korablina sold 21,829 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $190.91, for a total value of $4,167,374.39. Following the transaction, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Elena A. Korablina sold 21,829 shares of the business’s 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 sale, the insider now owns 6,484 shares in the company, valued at $1,237,860.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 4,415 shares of the 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 transaction, the general counsel now owns 42,124 shares in the company, valued at approximately $8,452,180.60. The disclosure for this sale can be found here. Insiders sold a total of 250,565 shares of company stock valued at $46,962,717 over the last ninety days. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Trading Up 1.6 %

Shares of NYSE:JPM opened at $202.26 on Friday. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $205.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $580.82 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 2.67 and a beta of 1.12. The company has a 50-day simple moving average of $196.91 and a 200 day simple moving average of $186.10.

JPMorgan Chase & Co. (NYSE:JPM) last released 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. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The firm had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. Sell-side analysts forecast that JPMorgan Chase & Co. will post 16.44 earnings per share 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. Shareholders of record on Friday, July 5th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.27%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is 27.78%.

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.