Monarch Capital Management Inc. Has $5.53 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Monarch Capital Management Inc. cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 15.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,550 shares of the financial services provider’s stock after selling 4,257 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.5% of Monarch Capital Management Inc.’s portfolio, making the stock its 25th biggest holding. Monarch Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $5,532,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. DDD Partners LLC boosted its position in JPMorgan Chase & Co. by 2.8% in the fourth quarter. DDD Partners LLC now owns 1,416 shares of the financial services provider’s stock valued at $339,000 after buying an additional 38 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider’s stock valued at $622,000 after acquiring an additional 38 shares during the last quarter. Almanack Investment Partners LLC. boosted its holdings in shares of JPMorgan Chase & Co. by 0.8% during the 4th quarter. Almanack Investment Partners LLC. now owns 5,143 shares of the financial services provider’s stock valued at $1,233,000 after acquiring an additional 39 shares in the last quarter. Hurlow Wealth Management Group Inc. grew its position in JPMorgan Chase & Co. by 0.7% during the 4th quarter. Hurlow Wealth Management Group Inc. now owns 5,538 shares of the financial services provider’s stock worth $1,328,000 after acquiring an additional 40 shares during the last quarter. Finally, Wimmer Associates 1 LLC increased its holdings in JPMorgan Chase & Co. by 1.0% in the 4th quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider’s stock worth $986,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insiders Place Their Bets

In related news, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the transaction, the insider now owns 49,127 shares of the company’s stock, valued at approximately $12,130,438.84. This trade represents a 2.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jennifer Piepszak sold 4,272 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.03, for a total value of $1,055,312.16. Following the sale, the chief operating officer now directly owns 50,197 shares of the company’s stock, valued at $12,400,164.91. This represents a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,722 shares of company stock worth $25,599,477. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $268.09 on Thursday. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a twelve month low of $190.88 and a twelve month high of $280.25. The company has a fifty day moving average of $250.05 and a 200-day moving average of $250.34. The firm has a market capitalization of $745.04 billion, a P/E ratio of 13.58, a P/E/G ratio of 2.83 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same period in the previous year, the firm posted $4.44 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.49%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JPM. UBS Group boosted their price target on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, April 17th. Evercore ISI cut their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Bank of America reduced their target price on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Robert W. Baird raised their price target on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday, May 20th. Finally, TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a “buy” rating and a $305.00 price objective on the stock. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average price target of $269.65.

JPMorgan Chase & Co. 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.