Axecap Investments LLC Has $2.41 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Axecap Investments LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 15.8% during the first quarter, HoldingsChannel.com reports. The fund owned 9,807 shares of the financial services provider’s stock after selling 1,844 shares during the period. JPMorgan Chase & Co. makes up approximately 2.0% of Axecap Investments LLC’s investment portfolio, making the stock its 21st biggest holding. Axecap Investments LLC’s holdings in JPMorgan Chase & Co. were worth $2,406,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Capital & Planning LLC raised its holdings in JPMorgan Chase & Co. by 13.3% during the 4th quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider’s stock worth $565,000 after buying an additional 276 shares during the period. Brighton Jones LLC raised its holdings in JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after buying an additional 4,841 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $66,088,000. Cassia Capital Partners LLC raised its holdings in JPMorgan Chase & Co. by 21.0% during the 4th quarter. Cassia Capital Partners LLC now owns 5,388 shares of the financial services provider’s stock worth $1,292,000 after buying an additional 935 shares during the period. Finally, Fusion Family Wealth LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $233,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $268.05 on Friday. JPMorgan Chase & Co. has a 1-year low of $190.88 and a 1-year high of $280.25. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The firm has a fifty day simple moving average of $251.13 and a 200 day simple moving average of $250.46. The stock has a market capitalization of $744.94 billion, a PE ratio of 13.58, a P/E/G ratio of 2.83 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM) last released its 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 business had revenue of $45.30 billion during the quarter, compared to analysts’ expectations of $43.62 billion. During the same period last year, the business earned $4.44 earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. On average, research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company 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. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 2.09%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.49%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,608 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the completion of the transaction, the general counsel now directly owns 36,520 shares of the company’s stock, valued at $9,703,729.20. The trade was a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the transaction, the insider now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,722 shares of company stock valued at $25,599,477 over the last ninety days. 0.47% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

JPM has been the topic of several research analyst reports. Baird R W upgraded shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. KGI Securities assumed coverage on shares of JPMorgan Chase & Co. in a report on Sunday, April 13th. They set a “hold” rating on the stock. UBS Group lifted their price objective on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, April 17th. Robert W. Baird lifted their price objective on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, May 20th. Finally, Evercore ISI lowered their price objective on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average target price of $269.65.

About JPMorgan Chase & Co.

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.