Mountain Pacific Investment Advisers LLC Sells 308 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Mountain Pacific Investment Advisers LLC lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 22,864 shares of the financial services provider’s stock after selling 308 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in JPMorgan Chase & Co. were worth $5,609,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. DDD Partners LLC boosted its holdings in JPMorgan Chase & Co. by 2.8% during the fourth quarter. DDD Partners LLC now owns 1,416 shares of the financial services provider’s stock worth $339,000 after purchasing an additional 38 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. by 1.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider’s stock worth $622,000 after purchasing an additional 38 shares during the last quarter. Hurlow Wealth Management Group Inc. boosted its holdings in JPMorgan Chase & Co. by 0.7% during the fourth quarter. Hurlow Wealth Management Group Inc. now owns 5,538 shares of the financial services provider’s stock worth $1,328,000 after purchasing an additional 40 shares during the last quarter. Wimmer Associates 1 LLC boosted its holdings in JPMorgan Chase & Co. by 1.0% during the fourth 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 during the last quarter. Finally, Twin Lakes Capital Management LLC boosted its holdings in JPMorgan Chase & Co. by 0.3% during the fourth quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider’s stock worth $3,340,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $273.83 on Thursday. The company’s 50 day moving average is $254.66 and its 200-day moving average is $251.00. JPMorgan Chase & Co. has a 12-month low of $190.90 and a 12-month high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. The firm has a market cap of $760.98 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 2.72 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 (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The company had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same quarter in the previous year, the firm posted $4.44 earnings per share. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. Sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be given a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.49%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on JPM shares. Cowen restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. TD Cowen started coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a “buy” rating and a $305.00 price target on the stock. UBS Group boosted their price target on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, April 17th. Royal Bank Of Canada restated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Finally, Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $271.70.

Insider Activity

In related news, CEO Troy L. Rohrbaugh sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the sale, the chief executive officer now owns 133,381 shares of the company’s stock, valued at approximately $32,947,774.62. This represents a 15.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Jennifer Piepszak sold 4,272 shares of the company’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 transaction of $1,055,312.16. Following the sale, the chief operating officer now directly owns 50,197 shares in the company, valued at $12,400,164.91. This trade represents a 7.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,722 shares of company stock valued at $25,599,477 over the last quarter. Company insiders own 0.47% of the company’s stock.

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.