Davis Selected Advisers Has $573.17 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Davis Selected Advisers lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,274,179 shares of the financial services provider’s stock after selling 168,160 shares during the quarter. JPMorgan Chase & Co. accounts for 3.9% of Davis Selected Advisers’ portfolio, making the stock its 11th biggest position. Davis Selected Advisers’ holdings in JPMorgan Chase & Co. were worth $573,167,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of JPM. Retirement Financial Solutions LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $26,000. Creative Capital Management Investments LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $30,000. Capital Directions Investment Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $44,000. Bellwether Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 119.1% in the 3rd quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 268 shares during the period. Finally, Delos Wealth Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 24.4% in the 3rd quarter. Delos Wealth Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 99 shares during the period. Institutional investors own 67.89% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 16,766 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $135.00, for a total transaction of $2,263,410.00. Following the transaction, the insider now owns 195,356 shares of the company’s stock, valued at approximately $26,373,060. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Douglas B. Petno sold 4,932 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $134.90, for a total value of $665,326.80. Following the completion of the sale, the chief executive officer now directly owns 282,091 shares in the company, valued at $38,054,075.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ashley Bacon sold 16,766 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $135.00, for a total transaction of $2,263,410.00. Following the transaction, the insider now owns 195,356 shares of the company’s stock, valued at $26,373,060. The disclosure for this sale can be found here. Insiders sold a total of 136,578 shares of company stock valued at $18,543,247 in the last quarter. Corporate insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of research analyst reports. BMO Capital Markets upped their price target on JPMorgan Chase & Co. from $169.00 to $170.00 in a report on Tuesday, May 2nd. StockNews.com began coverage on JPMorgan Chase & Co. in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Jefferies Financial Group dropped their price objective on shares of JPMorgan Chase & Co. from $152.00 to $149.00 in a research note on Monday, May 15th. Bank of America lifted their target price on JPMorgan Chase & Co. from $152.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, April 17th. Finally, Royal Bank of Canada decreased their price objective on JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a report on Friday, March 24th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.65.

JPMorgan Chase & Co. Stock Performance

JPM traded up $1.90 during trading hours on Friday, hitting $137.57. The company’s stock had a trading volume of 4,399,714 shares, compared to its average volume of 12,775,158. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $144.34. The firm has a market capitalization of $402.02 billion, a PE ratio of 10.13, a PEG ratio of 1.89 and a beta of 1.10. The company has a 50-day simple moving average of $133.88 and a 200 day simple moving average of $135.60. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.69. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The business had revenue of $38.35 billion for the quarter, compared to analysts’ expectations of $35.77 billion. During the same period in the previous year, the firm posted $2.63 EPS. The company’s quarterly revenue was up 24.8% on a year-over-year basis. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 14.33 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be issued a $1.00 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 annualized dividend and a yield of 2.91%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.52%.

JPMorgan Chase & Co. Company Profile

(Get Rating)

JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.