EULAV Asset Management Lowers Stake in JPMorgan Chase & Co. (NYSE:JPM)

EULAV Asset Management cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 24.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,000 shares of the financial services provider’s stock after selling 7,000 shares during the quarter. EULAV Asset Management’s holdings in JPMorgan Chase & Co. were worth $4,407,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Stone House Investment Management LLC grew its stake in shares of JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 89 shares during the last quarter. Retirement Group LLC lifted its stake in shares of JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after buying an additional 109 shares during the period. Richardson Capital Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at $34,000. Bare Financial Services Inc acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $35,000. Finally, Partnership Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $36,000. 71.55% of the stock is owned by institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the transaction, the insider now owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Robin Leopold sold 3,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $198.86, for a total transaction of $596,580.00. Following the sale, the insider now owns 44,113 shares of the company’s stock, valued at approximately $8,772,311.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Elena A. Korablina sold 21,829 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the completion of the transaction, the insider now owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The disclosure for this sale can be found here. Insiders have sold a total of 72,343 shares of company stock worth $14,137,789 in the last ninety days. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on JPM. Evercore ISI upped their target price on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Robert W. Baird raised their target price on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Morgan Stanley upped their price target on shares of JPMorgan Chase & Co. from $221.00 to $226.00 and gave the company an “overweight” rating in a report on Tuesday. UBS Group boosted their price objective on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Finally, StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $205.71.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM traded down $8.82 during trading on Friday, reaching $199.14. The stock had a trading volume of 18,041,676 shares, compared to its average volume of 9,240,251. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $217.56. The stock has a market cap of $571.86 billion, a PE ratio of 11.11, a PEG ratio of 2.42 and a beta of 1.12. The business has a fifty day moving average price of $203.48 and a 200-day moving average price of $192.96.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. The business had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same quarter in the prior year, the firm earned $4.37 earnings per share. On average, equities analysts forecast that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.66%.

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.