JPMorgan Chase & Co. (NYSE:JPM) Holdings Trimmed by First Dallas Securities Inc.

First Dallas Securities Inc. cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,672 shares of the financial services provider’s stock after selling 434 shares during the quarter. JPMorgan Chase & Co. comprises about 1.4% of First Dallas Securities Inc.’s investment portfolio, making the stock its 20th biggest holding. First Dallas Securities Inc.’s holdings in JPMorgan Chase & Co. were worth $2,939,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wellington Wealth Strategies LLC. acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $1,145,000. Etfidea LLC boosted its position in shares of JPMorgan Chase & Co. by 5.4% in the 4th quarter. Etfidea LLC now owns 1,937 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 100 shares during the period. Cooper Financial Group increased its stake in JPMorgan Chase & Co. by 12.8% in the 1st quarter. Cooper Financial Group now owns 8,693 shares of the financial services provider’s stock worth $1,741,000 after purchasing an additional 984 shares in the last quarter. Sutton Place Investors LLC raised its holdings in JPMorgan Chase & Co. by 179.5% during the 4th quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock worth $2,228,000 after buying an additional 8,412 shares during the period. Finally, Spartan Planning & Wealth Management raised its holdings in JPMorgan Chase & Co. by 257.3% during the 4th quarter. Spartan Planning & Wealth Management now owns 3,780 shares of the financial services provider’s stock worth $643,000 after buying an additional 2,722 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $205.45 on Tuesday. The stock has a market capitalization of $589.98 billion, a P/E ratio of 12.41, a P/E/G ratio of 2.72 and a beta of 1.12. The business has a 50-day moving average of $196.91 and a two-hundred day moving average of $186.28. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $207.09. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $40.90 billion. On average, equities research analysts predict that JPMorgan Chase & Co. will post 16.44 EPS 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. Investors of record on Friday, July 5th will be paid a $1.15 dividend. The ex-dividend date is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.24%. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

Insider Buying and Selling

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 shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the transaction, the insider now owns 6,484 shares in the company, valued at approximately $1,237,860.44. The transaction 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 transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. Insiders have sold 250,565 shares of company stock worth $46,962,717 in the last quarter. 0.79% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on JPM shares. StockNews.com cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Royal Bank of Canada reiterated an “outperform” rating and set a $211.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Morgan Stanley reduced their target price on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, May 21st. Evercore ISI lifted 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. Finally, BMO Capital Markets dropped their price target on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus 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.