JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Signature Wealth Management Partners LLC

Signature Wealth Management Partners LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the second quarter, HoldingsChannel reports. The firm owned 13,753 shares of the financial services provider’s stock after selling 61 shares during the period. JPMorgan Chase & Co. makes up 2.1% of Signature Wealth Management Partners LLC’s investment portfolio, making the stock its 11th largest position. Signature Wealth Management Partners LLC’s holdings in JPMorgan Chase & Co. were worth $2,782,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital International Investors raised its position in shares of JPMorgan Chase & Co. by 1.9% during the 1st quarter. Capital International Investors now owns 42,294,992 shares of the financial services provider’s stock worth $8,471,687,000 after buying an additional 778,297 shares in the last quarter. Norges Bank bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $6,016,878,000. Capital World Investors raised its position in shares of JPMorgan Chase & Co. by 0.4% during the 1st quarter. Capital World Investors now owns 34,422,011 shares of the financial services provider’s stock worth $6,894,729,000 after buying an additional 150,812 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of JPMorgan Chase & Co. by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 21,338,704 shares of the financial services provider’s stock worth $3,629,757,000 after buying an additional 695,502 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of JPMorgan Chase & Co. by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,170,399 shares of the financial services provider’s stock worth $3,389,329,000 after buying an additional 154,426 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $206.19 on Tuesday. The firm’s 50 day simple moving average is $203.66 and its 200-day simple moving average is $194.67. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $217.56. The company has a market cap of $592.11 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92.

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

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors 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 2.23%. The ex-dividend date was Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is presently 25.66%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the business’s 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 completion of the sale, the general counsel now directly owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the business’s 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 completion of the sale, the general counsel now directly owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lori A. Beer sold 5,298 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the completion of the sale, the insider now directly owns 46,375 shares of the company’s stock, valued at $9,304,680. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,799 shares of company stock valued at $2,963,721. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Citigroup boosted their target price on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Robert W. Baird boosted their target price on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Keefe, Bruyette & Woods boosted 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 report on Tuesday, July 9th. Barclays boosted their target price on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Finally, BMO Capital Markets boosted their target price on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.