Stamos Capital Partners L.P. Sells 15,670 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Stamos Capital Partners L.P. lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 34.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,050 shares of the financial services provider’s stock after selling 15,670 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.4% of Stamos Capital Partners L.P.’s holdings, making the stock its 14th biggest position. Stamos Capital Partners L.P.’s holdings in JPMorgan Chase & Co. were worth $6,019,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trust Co of the South lifted its position in shares of JPMorgan Chase & Co. by 1.1% in the first quarter. Trust Co of the South now owns 4,946 shares of the financial services provider’s stock worth $991,000 after purchasing an additional 53 shares in the last quarter. Inspire Advisors LLC raised its position in JPMorgan Chase & Co. by 2.6% during the first quarter. Inspire Advisors LLC now owns 2,103 shares of the financial services provider’s stock valued at $421,000 after acquiring an additional 54 shares in the last quarter. PFW Advisors LLC raised its position in JPMorgan Chase & Co. by 1.1% during the first quarter. PFW Advisors LLC now owns 5,232 shares of the financial services provider’s stock valued at $1,048,000 after acquiring an additional 55 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. raised its position in JPMorgan Chase & Co. by 2.0% during the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,837 shares of the financial services provider’s stock valued at $568,000 after acquiring an additional 55 shares in the last quarter. Finally, KFG Wealth Management LLC raised its position in JPMorgan Chase & Co. by 3.6% during the first quarter. KFG Wealth Management LLC now owns 1,594 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Elena A. Korablina sold 21,829 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Elena A. Korablina sold 21,829 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robin Leopold sold 3,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $198.86, for a total transaction of $596,580.00. Following the sale, the insider now directly owns 44,113 shares in the company, valued at $8,772,311.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,343 shares of company stock valued at $14,137,789. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded up $3.57 during mid-day trading on Friday, hitting $212.24. 8,027,787 shares of the stock were exchanged, compared to its average volume of 9,013,996. The company has a market cap of $609.48 billion, a P/E ratio of 11.84, a PEG ratio of 2.45 and a beta of 1.12. The stock’s fifty day simple moving average is $202.39 and its two-hundred day simple moving average is $191.60. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $217.56.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping the consensus estimate of $4.19 by $1.93. The company had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same quarter last year, the business posted $4.37 earnings per share. As a group, analysts forecast that JPMorgan Chase & Co. will post 16.67 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders 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 dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is 25.66%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on JPM. Keefe, Bruyette & Woods raised their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Tuesday, July 9th. Robert W. Baird raised their price objective on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Barclays raised their price objective on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Jefferies Financial Group increased their price target on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Finally, UBS Group increased their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average price target of $202.89.

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.