Regent Peak Wealth Advisors LLC sells 602 shares of JPMorgan Chase & Co. (NYSE: JPM)


Regent Peak Wealth Advisors LLC reduced its equity holdings by JPMorgan Chase & Co. (NYSE:JPM) by 9.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor held 5,748 shares of the financial services provider after selling 602 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $784,000 when it last filed with the SEC.

Other institutional investors and hedge funds have also recently changed their stakes in the company. Calamos Advisors LLC increased its position in JPMorgan Chase & Co. shares by 4.2% during the first quarter. Calamos Advisors LLC now owns 1,091,912 shares of the financial services provider worth $148,849,000 after purchasing an additional 44,128 shares during the period. Clifford Swan Investment Counsel LLC increased its position in JPMorgan Chase & Co. shares by 1.4% during the first quarter. Clifford Swan Investment Counsel LLC now owns 225,927 shares of the financial services provider worth $30,798,000 after purchasing an additional 3,047 shares during the period. Drexel Morgan & Co. raised its position in JPMorgan Chase & Co. shares by 0.9% during the first quarter. Drexel Morgan & Co. now owns 112,606 shares of the financial services provider worth $15,350,000 after purchasing an additional 1,000 shares during the period. Vantage Financial Partners Ltd. Inc. raised its position in JPMorgan Chase & Co. by 36.2% in the 1st quarter. Vantage Financial Partners Ltd. Inc. now owns 6,774 shares of the financial services provider valued at $923,000 after buying an additional 1,800 shares in the last quarter. Finally, Haverford Financial Services Inc. increased its position in JPMorgan Chase & Co. by 7.2% in the 1st quarter. Haverford Financial Services Inc. now owns 84,521 shares of the financial services provider valued at $11,522,000 after purchasing an additional 5,672 shares in the last quarter. 70.35% of the shares are currently held by institutional investors.

JPMorgan Chase & Co. down 0.4%

NYSEJPM opened at $114.81 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt ratio of 1.14. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96. The company has a market capitalization of $337.20 billion, a PE ratio of 9.21, a P/E/G ratio of 2.05 and a beta of 1.15. The stock’s 50-day moving average is $118.44 and its 200-day moving average is $131.46.

JPMorgan Chase & Co. (NYSE:JPMGet a rating) last released its quarterly results on Thursday, July 14. The financial services provider reported earnings per share of $2.76 for the quarter, matching the consensus estimate of $2.76. JPMorgan Chase & Co. achieved a return on equity of 15.29% and a net margin of 30.41%. The company posted revenue of $30.72 billion for the quarter, versus analyst estimates of $31.82 billion. In the same period a year earlier, the company posted earnings per share of $3.78. The company’s revenue increased 0.8% year-over-year. Research analysts expect JPMorgan Chase & Co. to post earnings per share of 11.23 for the current fiscal year.

JPMorgan Chase & Co. announces dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, July 31. Shareholders of record on Wednesday, July 6 will receive a dividend of $1.00. This represents an annualized dividend of $4.00 and a yield of 3.48%. The ex-dividend date is Tuesday, July 5. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 32.10%.

Changes to analyst ratings

JPM has been the subject of a number of recent analyst reports. BMO Capital Markets raised its price target on JPMorgan Chase & Co. from $150.00 to $156.00 in a Tuesday, May 24 research note. UBS Group cut its price target on JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating for the company in a Friday, July 15 research note. StockNews.com assumed coverage on JPMorgan Chase & Co. in a Thursday, March 31, research note. They set a “holding” rating for the company. Evercore ISI reduced its price target on JPMorgan Chase & Co. from $135.00 to $125.00 in a Friday, July 15 research note. Finally, Barclays set a target price of $200.00 on JPMorgan Chase & Co. in a Monday July 18 research note. One financial analyst has assigned the stock a sell rating, eight have issued a hold rating and nine have assigned the stock a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $145.95.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co operates as a worldwide financial services company. 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 consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.

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Institutional ownership by quarter for JPMorgan Chase & Co. (NYSE: JPM)



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Carol N. Valencia