JPMorgan Chase & Co. (NYSE:JPM) Stock Sold by ACR Alpine Capital Research LLC - News Block

ACR Alpine Capital Research LLC reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 1.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The company held 1,375,785 shares in the financial services provider after selling 19,340 shares during the quarter. JPMorgan Chase & Co. comprises 7.3% of ACR Alpine Capital Research LLC’s investment portfolio, making the shares its ninth-largest holding. ACR Alpine Capital Research LLC’s holdings in JPMorgan Chase & Co. were worth $179,279,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings in the business. Retirement Financial Solutions LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter for $26,000. Adirondack Retirement Specialists Inc. increased its stake in JPMorgan Chase & Co. by 510.8% during the first quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider worth $29,000 after purchasing an additional 189 shares last quarter. Boulder Wealth Advisors LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter for $43,000. Capital Directions Investment Advisors LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter for $44,000. Finally, VitalStone Financial LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter for $58,000. 70.10% of the shares are owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

JPM shares opened at $154.95 on Monday. The stock has a 50-day moving average price of $142.38 and a two-hundred-day moving average price of $138.60. JPMorgan Chase & Co. has a 12-month minimum of $101.28 and a 12-month maximum of $156.59. The firm has a current ratio of 0.90, a quick ratio of 0.85, and a debt-to-equity ratio of 1.28. The company has a market capitalization of $452.81 billion, a PE ratio of 9.97, a price/earnings growth ratio of 2.05, and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM – Get a free report) last released its quarterly earnings results on Friday, July 14. The financial services provider reported earnings per share (EPS) of $4.37 for the quarter, beating analyst consensus estimates of $3.62 by $0.75. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The company had revenue of $42.4 billion during the quarter, compared with the consensus estimate of $38.66 billion. During the same quarter last year, the company earned $2.76 in earnings per share. The company’s quarterly revenue increased 34.1% compared to the same quarter last year. As a group, research analysts predict that JPMorgan Chase & Co. will post 15.15 EPS for the current year.

JPMorgan Chase & Co. Announces Dividends

The company also recently revealed a quarterly dividend, to be paid on Monday, July 31. Shareholders of record on Thursday, July 6 will receive a dividend of $1.00 per share. This represents a dividend of $4.00 on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Wednesday, July 5. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.74%.

Insiders place their bets

In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 113,640 shares of the company’s common stock in a transaction on Thursday, May 11. The shares sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following the transaction, the CEO now owns 566,665 shares of the company, valued at $77,026,773.45. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 113,640 shares of the company’s common stock in a transaction on Thursday, May 11. The shares sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following the transaction, the CEO now owns 566,665 shares of the company, valued at $77,026,773.45. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Likewise, Vice President Peter Scher sold 2,482 shares of the company’s capital stock in a transaction dated Thursday, June 15. The share sold at an average price of $141.39, for a total value of $350,929.98. Following the transaction, the insider now owns 41,333 shares in the company, valued at approximately $5,844,072.87. The disclosure of this sale can be found here. Insiders have sold a total of 145,861 company shares worth $19,858,275 during the last quarter. 0.79% of the shares are owned by corporate insiders.

Analyst Rating Changes

JPM has been the subject of several analyst reports. Goldman Sachs Group increased its price target on JPMorgan Chase & Co. from $160.00 to $172.00 in a report on Friday, April 14. Oppenheimer raised his price target on JPMorgan Chase & Co. to $192.00 from $157.00 and gave the stock an “outperform” rating in a Monday, April 17, report. Credit Suisse Group increased its price target on JPMorgan Chase & Co. to $170.00 from $160.00 in a report on Monday, July 17. Evercore ISI lowered its price target on JPMorgan Chase & Co. to $151.00 from $155.00 in a report on Friday, May 12. Finally, Barclays increased its price target on JPMorgan Chase & Co. from $179.00 to $182.00 in a report on Sunday, July 16. Six equity research analysts have given the stock a Hold rating and eleven have issued a Buy rating on the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a “Moderate Buy” consensus rating and a $164.65 average price target.

About JPMorgan Chase & Co.

(Free report)

JPMorgan Chase & Co operates as a global 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 deposit, investment and lending, cash management and payment products and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.