Newman Dignan & Sheerar Inc. Cuts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Newman Dignan & Sheerar Inc. trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,149 shares of the financial services provider’s stock after selling 478 shares during the period. JPMorgan Chase & Co. comprises 1.3% of Newman Dignan & Sheerar Inc.’s investment portfolio, making the stock its 22nd largest position. Newman Dignan & Sheerar Inc.’s holdings in JPMorgan Chase & Co. were worth $4,884,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Allworth Financial LP grew its position in JPMorgan Chase & Co. by 1.0% during the 4th quarter. Allworth Financial LP now owns 83,644 shares of the financial services provider’s stock worth $14,228,000 after acquiring an additional 855 shares during the last quarter. Prime Capital Investment Advisors LLC raised its holdings in JPMorgan Chase & Co. by 22.1% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 163,840 shares of the financial services provider’s stock valued at $27,869,000 after buying an additional 29,663 shares during the last quarter. Detalus Advisors LLC grew its holdings in JPMorgan Chase & Co. by 4.8% in the 4th quarter. Detalus Advisors LLC now owns 1,714 shares of the financial services provider’s stock worth $292,000 after acquiring an additional 79 shares during the last quarter. Canal Capital Management LLC increased its position in shares of JPMorgan Chase & Co. by 4.4% in the fourth quarter. Canal Capital Management LLC now owns 44,687 shares of the financial services provider’s stock valued at $7,601,000 after acquiring an additional 1,888 shares during the period. Finally, Cranbrook Wealth Management LLC raised its stake in shares of JPMorgan Chase & Co. by 2.4% during the fourth quarter. Cranbrook Wealth Management LLC now owns 4,110 shares of the financial services provider’s stock valued at $699,000 after acquiring an additional 95 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPM stock traded up $0.39 on Monday, hitting $206.19. The company had a trading volume of 6,824,124 shares, compared to its average volume of 9,276,000. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $217.56. The stock has a market cap of $592.11 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 2.42 and a beta of 1.12. The stock’s 50-day simple moving average is $203.58 and its 200 day simple moving average is $194.43.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) 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 firm had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. During the same period last year, the business posted $4.37 EPS. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.23%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.66%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Evercore ISI raised their target price on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Robert W. Baird upped their target price on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Barclays lifted their price target on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Jefferies Financial Group boosted their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods raised their target price on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 9th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $205.71.

Insider Activity

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.65, for a total value of $885,869.75. Following the transaction, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the sale, the general counsel now owns 42,124 shares in the company, valued at $8,452,180.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Marianne Lake sold 11,734 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $200.02, for a total value of $2,347,034.68. Following the transaction, the chief executive officer now directly owns 122,740 shares in the company, valued at $24,550,454.80. The disclosure for this sale can be found here. Insiders sold 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.