Presidio Capital Management LLC Sells 138 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Presidio Capital Management LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 5.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,454 shares of the financial services provider’s stock after selling 138 shares during the period. Presidio Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $602,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Redwood Park Advisors LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $29,000. Sellwood Investment Partners LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $34,000. Investment Counsel Co. of Nevada bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $37,000. Midwest Capital Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $43,000. Finally, Prudent Man Investment Management Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $43,000. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In other news, insider Robin Leopold sold 1,250 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the transaction, the insider now directly owns 49,127 shares in the company, valued at $12,130,438.84. This represents a 2.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the transaction, the general counsel now owns 36,520 shares of the company’s stock, valued at approximately $9,703,729.20. This represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,594 shares of company stock valued at $23,991,061. Company insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $263.97 on Friday. The firm has a market cap of $733.60 billion, a PE ratio of 13.37, a PEG ratio of 2.83 and a beta of 1.07. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 1-year low of $190.88 and a 1-year high of $280.25. The company has a fifty day moving average price of $245.86 and a 200 day moving average price of $249.13.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.63 by $0.44. The firm had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $4.44 EPS. Research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s payout ratio is presently 27.49%.

Analyst Upgrades and Downgrades

Several brokerages have commented on JPM. Baird R W upgraded shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Morgan Stanley upped their target price on shares of JPMorgan Chase & Co. from $235.00 to $236.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $285.00 target price (up previously from $255.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Piper Sandler reiterated an “overweight” rating and set a $295.00 target price (up previously from $260.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Finally, KGI Securities began coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a “hold” rating for the company. Eleven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price of $266.65.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.