NorthCoast Asset Management LLC Sells 1,690 Shares of JPMorgan Chase & Co. (NYSE:JPM)

NorthCoast Asset Management LLC lessened its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,097 shares of the financial services provider’s stock after selling 1,690 shares during the quarter. NorthCoast Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $6,565,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Intelligence Driven Advisers LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth about $200,000. Sage Mountain Advisors LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth about $1,049,000. Ironwood Wealth Management LLC. increased its stake in JPMorgan Chase & Co. by 4,550.0% in the 4th quarter. Ironwood Wealth Management LLC. now owns 12,648 shares of the financial services provider’s stock worth $1,607,000 after buying an additional 12,376 shares during the period. Los Angeles Capital Management LLC increased its stake in JPMorgan Chase & Co. by 67.5% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,166,686 shares of the financial services provider’s stock worth $148,251,000 after buying an additional 470,282 shares during the period. Finally, United Bank increased its stake in JPMorgan Chase & Co. by 5.4% in the 4th quarter. United Bank now owns 26,538 shares of the financial services provider’s stock worth $3,372,000 after buying an additional 1,367 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.

A number of research firms have commented on JPM. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $173.00 target price on the stock. in a research report on Wednesday, June 9th. Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, June 8th. Barclays set a $187.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 14th. Jefferies Financial Group raised their target price on shares of JPMorgan Chase & Co. from $157.00 to $177.00 and gave the company a “buy” rating in a research report on Friday, April 9th. Finally, Atlantic Securities reissued a “neutral” rating and set a $150.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, May 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $166.12.

Shares of NYSE:JPM traded down $1.91 during trading on Thursday, reaching $150.95. The stock had a trading volume of 295,833 shares, compared to its average volume of 14,213,277. The stock has a 50-day moving average of $157.92. The firm has a market cap of $456.95 billion, a P/E ratio of 9.99, a P/E/G ratio of 2.13 and a beta of 1.19. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.85 and a quick ratio of 0.84. JPMorgan Chase & Co. has a one year low of $91.38 and a one year high of $167.44.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Monday, July 12th. The financial services provider reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.69. The company had revenue of $30.50 billion during the quarter, compared to analysts’ expectations of $29.71 billion. JPMorgan Chase & Co. had a net margin of 37.71% and a return on equity of 19.26%. JPMorgan Chase & Co.’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period last year, the business earned $1.38 EPS. As a group, analysts forecast that JPMorgan Chase & Co. will post 14.06 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, July 31st. Investors of record on Tuesday, July 6th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Friday, July 2nd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 40.54%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

See Also: Do investors pay a separate front-end load every time they buy additional shares?

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.