GSG Advisors LLC Sells 289 Shares of JPMorgan Chase & Co. (NYSE:JPM)

GSG Advisors LLC cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 8.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,168 shares of the financial services provider’s stock after selling 289 shares during the quarter. GSG Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $651,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in JPM. Wellington Wealth Strategies LLC. bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $1,145,000. Cooper Financial Group raised its holdings in JPMorgan Chase & Co. by 12.8% during 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 during the last quarter. Sutton Place Investors LLC lifted its position 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 valued at $2,228,000 after purchasing an additional 8,412 shares during the period. Spartan Planning & Wealth Management boosted its stake in shares of JPMorgan Chase & Co. by 257.3% in the 4th quarter. Spartan Planning & Wealth Management now owns 3,780 shares of the financial services provider’s stock valued at $643,000 after purchasing an additional 2,722 shares during the last quarter. Finally, jvl associates llc grew its position in shares of JPMorgan Chase & Co. by 59.8% during the 1st quarter. jvl associates llc now owns 1,911 shares of the financial services provider’s stock worth $383,000 after buying an additional 715 shares during the period. 71.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on JPM. Wolfe Research cut JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. BMO Capital Markets upped their price target on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. UBS Group increased their price target on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Finally, Oppenheimer increased their target price on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $205.71.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock traded up $1.74 on Friday, reaching $205.80. The stock had a trading volume of 5,540,240 shares, compared to its average volume of 9,292,017. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $217.56. The firm has a market capitalization of $590.99 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 2.42 and a beta of 1.12. The firm’s 50-day moving average is $203.58 and its two-hundred day moving average is $194.43. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The business had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. During the same period in the previous year, the firm earned $4.37 EPS. On average, research analysts expect that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.66%.

Insider Activity

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Marianne Lake sold 11,734 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $200.02, for a total value of $2,347,034.68. Following the completion of the sale, the chief executive officer now directly owns 122,740 shares in the company, valued at $24,550,454.80. The sale was disclosed in a filing with the SEC, which is available at this link. 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 sale, the general counsel now directly owns 42,124 shares in the company, valued at approximately $8,452,180.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,533 shares of company stock valued at $5,310,756. 0.79% of the stock is owned by insiders.

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.