Valley National Advisers Inc. Cuts Position in JPMorgan Chase & Co. (NYSE:JPM)

Valley National Advisers Inc. decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 6.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,165 shares of the financial services provider’s stock after selling 1,867 shares during the quarter. Valley National Advisers Inc.’s holdings in JPMorgan Chase & Co. were worth $5,089,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stone House Investment Management LLC increased its position in shares of JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 89 shares during the period. Retirement Group LLC increased its holdings in JPMorgan Chase & Co. by 227.1% in the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after buying an additional 109 shares during the last quarter. Richardson Capital Management LLC purchased a new position in JPMorgan Chase & Co. in the first quarter valued at $34,000. Davidson Capital Management Inc. purchased a new position in JPMorgan Chase & Co. in the first quarter valued at $37,000. Finally, Kathleen S. Wright Associates Inc. purchased a new position in JPMorgan Chase & Co. in the first quarter valued at $40,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.2 %

JPM stock traded up $2.52 on Friday, hitting $214.07. 7,928,791 shares of the company were exchanged, compared to its average volume of 9,221,095. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $217.56. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92. The business’s fifty day moving average is $204.67 and its two-hundred day moving average is $195.43. The stock has a market capitalization of $614.74 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The company had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. During the same quarter in the prior year, the business earned $4.37 earnings per share. As a group, research analysts forecast that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 25.66%.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Lori A. Beer sold 5,298 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.64, for a total value of $1,062,990.72. Following the completion of the transaction, the insider now directly owns 46,375 shares in the company, valued at $9,304,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 5,298 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the transaction, the insider now directly owns 46,375 shares in the company, valued at approximately $9,304,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction dated 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 in the company, valued at $42,355,358.10. The disclosure for this sale can be found here. Insiders sold 14,799 shares of company stock valued at $2,963,721 over the last 90 days. Corporate insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

JPM has been the subject of several research analyst reports. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Barclays increased their target price on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Keefe, Bruyette & Woods increased 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 note on Tuesday, July 9th. Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Finally, UBS Group increased their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.71.

JPMorgan Chase & Co. Company 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.