JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Simon Quick Advisors LLC

Simon Quick Advisors LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 49.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,918 shares of the financial services provider’s stock after selling 5,837 shares during the quarter. Simon Quick Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $807,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of JPM. Norges Bank acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $4,092,843,000. GQG Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 403.3% in the fourth quarter. GQG Partners LLC now owns 5,095,612 shares of the financial services provider’s stock valued at $806,728,000 after acquiring an additional 4,083,231 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1,543.7% in the fourth quarter. Renaissance Technologies LLC now owns 3,341,486 shares of the financial services provider’s stock valued at $529,124,000 after acquiring an additional 3,138,200 shares in the last quarter. State Street Corp boosted its holdings in shares of JPMorgan Chase & Co. by 1.6% in the fourth quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock valued at $22,441,376,000 after acquiring an additional 2,277,065 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in shares of JPMorgan Chase & Co. by 21.4% in the fourth quarter. Schroder Investment Management Group now owns 5,393,466 shares of the financial services provider’s stock valued at $854,055,000 after acquiring an additional 952,346 shares in the last quarter. Institutional investors and hedge funds own 70.35% of the company’s stock.

JPMorgan Chase & Co. Trading Up 3.0 %

JPMorgan Chase & Co. stock opened at $115.76 on Friday. The company has a 50 day moving average price of $116.99 and a 200 day moving average price of $129.47. JPMorgan Chase & Co. has a 52 week low of $106.06 and a 52 week high of $172.96. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.82 and a current ratio of 0.83. The firm has a market capitalization of $339.99 billion, a price-to-earnings ratio of 9.29, a P/E/G ratio of 2.03 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, hitting analysts’ consensus estimates of $2.76. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The firm had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. During the same quarter last year, the business posted $3.78 EPS. The company’s revenue was up .8% on a year-over-year basis. Research analysts forecast that JPMorgan Chase & Co. will post 11.21 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th were given a $1.00 dividend. The ex-dividend date was Tuesday, July 5th. This represents a $4.00 dividend on an annualized basis and a yield of 3.46%. JPMorgan Chase & Co.’s payout ratio is 32.10%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on JPM shares. Wells Fargo & Company decreased their price objective on shares of JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Thursday, July 14th. Oppenheimer decreased their price objective on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating for the company in a report on Friday, July 15th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $148.00 price objective (up from $142.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 24th. Societe Generale upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price objective for the company from $145.00 to $150.00 in a report on Tuesday, May 24th. Finally, Credit Suisse Group reduced their target price on shares of JPMorgan Chase & Co. from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, July 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $145.95.

JPMorgan Chase & Co. Company Profile

(Get Rating)

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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

Further Reading

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMGet Rating).

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.