Founders Financial Securities LLC Trims Stake in JPMorgan Chase & Co. (NYSE:JPM)

Founders Financial Securities LLC reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 18.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,933 shares of the financial services provider’s stock after selling 3,537 shares during the quarter. Founders Financial Securities LLC’s holdings in JPMorgan Chase & Co. were worth $3,191,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Guidance Capital Inc. boosted its position in JPMorgan Chase & Co. by 146.3% during the 1st quarter. Guidance Capital Inc. now owns 7,664 shares of the financial services provider’s stock valued at $1,402,000 after acquiring an additional 4,552 shares in the last quarter. Atticus Wealth Management LLC boosted its position in JPMorgan Chase & Co. by 28.6% during the 1st quarter. Atticus Wealth Management LLC now owns 3,138 shares of the financial services provider’s stock valued at $629,000 after acquiring an additional 698 shares in the last quarter. Foguth Wealth Management LLC. bought a new stake in JPMorgan Chase & Co. during the 1st quarter valued at $220,000. Brown Miller Wealth Management LLC boosted its position in JPMorgan Chase & Co. by 3.1% during the 1st quarter. Brown Miller Wealth Management LLC now owns 45,284 shares of the financial services provider’s stock valued at $9,070,000 after acquiring an additional 1,359 shares in the last quarter. Finally, CRA Financial Services LLC boosted its position in JPMorgan Chase & Co. by 0.8% during the 1st quarter. CRA Financial Services LLC now owns 10,203 shares of the financial services provider’s stock valued at $2,044,000 after acquiring an additional 82 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $208.83 on Wednesday. The stock has a 50-day simple moving average of $197.23 and a two-hundred day simple moving average of $186.57. The firm has a market capitalization of $599.69 billion, a P/E ratio of 12.61, a PEG ratio of 2.72 and a beta of 1.12. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $208.86. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The business had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. On average, equities analysts forecast that JPMorgan Chase & Co. will post 16.44 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 annualized dividend and a dividend yield of 2.20%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the transaction, the chief executive officer now owns 264,461 shares in the company, valued at approximately $48,708,426.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the transaction, the chief executive officer now owns 264,461 shares in the company, valued at approximately $48,708,426.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robin Leopold sold 3,000 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $198.86, for a total value of $596,580.00. Following the completion of the transaction, the insider now owns 44,113 shares of the company’s stock, valued at approximately $8,772,311.18. The disclosure for this sale can be found here. Insiders sold a total of 250,565 shares of company stock worth $46,962,717 in the last 90 days. Corporate insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on JPM. Morgan Stanley dropped their target price on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 21st. Keefe, Bruyette & Woods raised their price objective on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 21st. Robert W. Baird raised their price objective on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Wells Fargo & Company raised their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Finally, Evercore ISI raised their price objective on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $194.10.

About JPMorgan Chase & Co.

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.