Gilman Hill Asset Management LLC Lowers Position in JPMorgan Chase & Co. (NYSE:JPM)

Gilman Hill Asset Management LLC trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 17.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,596 shares of the financial services provider’s stock after selling 1,591 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,536,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Capital International Investors lifted its position in shares of JPMorgan Chase & Co. by 1.9% during the first quarter. Capital International Investors now owns 42,294,992 shares of the financial services provider’s stock worth $8,471,687,000 after purchasing an additional 778,297 shares in the last quarter. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth $6,016,878,000. Capital World Investors raised its holdings in JPMorgan Chase & Co. by 0.4% in the first quarter. Capital World Investors now owns 34,422,011 shares of the financial services provider’s stock valued at $6,894,729,000 after acquiring an additional 150,812 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in JPMorgan Chase & Co. by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,338,704 shares of the financial services provider’s stock valued at $3,629,757,000 after acquiring an additional 695,502 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in JPMorgan Chase & Co. by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,170,399 shares of the financial services provider’s stock valued at $3,389,329,000 after acquiring an additional 154,426 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 0.9 %

Shares of JPM stock traded up $1.74 on Friday, reaching $205.80. The company had a trading volume of 5,540,240 shares, compared to its average volume of 9,292,017. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. The stock has a market cap of $590.99 billion, a PE ratio of 11.48, a PEG ratio of 2.42 and a beta of 1.12. The company has a 50-day moving average of $203.58 and a 200-day moving average of $194.27. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $217.56.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during 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, equities analysts forecast that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

Wall Street Analysts Forecast Growth

JPM has been the topic of several recent analyst reports. Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. BMO Capital Markets upped their price target on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Evercore ISI upped their price target on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, Oppenheimer boosted their target price on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.71.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the transaction, the insider now owns 212,265 shares of the company’s stock, valued at approximately $42,355,358.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Lori A. Beer sold 5,298 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.64, for a total value of $1,062,990.72. Following the completion of the sale, the insider now owns 46,375 shares of the company’s stock, valued at approximately $9,304,680. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ashley Bacon sold 5,086 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the sale, the insider now owns 212,265 shares in the company, valued at approximately $42,355,358.10. The disclosure for this sale can be found here. Insiders sold a total of 26,533 shares of company stock valued at $5,310,756 in the last quarter. 0.79% of the stock is currently 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.