Gordian Capital Singapore Pte Ltd Cuts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Gordian Capital Singapore Pte Ltd lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 13.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,050 shares of the financial services provider’s stock after selling 960 shares during the period. Gordian Capital Singapore Pte Ltd’s holdings in JPMorgan Chase & Co. were worth $1,450,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. City National Bank of Florida MSD bought a new position in JPMorgan Chase & Co. in the fourth quarter worth about $550,000. JT Stratford LLC boosted its holdings in shares of JPMorgan Chase & Co. by 6.3% in the 4th quarter. JT Stratford LLC now owns 20,735 shares of the financial services provider’s stock valued at $4,970,000 after buying an additional 1,236 shares in the last quarter. Cornerstone Advisory LLC grew its position in shares of JPMorgan Chase & Co. by 3.3% in the 4th quarter. Cornerstone Advisory LLC now owns 12,966 shares of the financial services provider’s stock worth $3,108,000 after buying an additional 409 shares during the last quarter. Mosaic Family Wealth Partners LLC raised its stake in shares of JPMorgan Chase & Co. by 5.4% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 7,331 shares of the financial services provider’s stock worth $1,757,000 after acquiring an additional 374 shares in the last quarter. Finally, RB Capital Management LLC lifted its position in JPMorgan Chase & Co. by 2.1% during the fourth quarter. RB Capital Management LLC now owns 26,212 shares of the financial services provider’s stock valued at $6,283,000 after acquiring an additional 543 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $261.09 on Thursday. The company has a 50 day simple moving average of $242.84 and a two-hundred day simple moving average of $247.77. The stock has a market cap of $725.60 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 2.83 and a beta of 1.07. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12 month low of $190.88 and a 12 month high of $280.25.

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

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.14%. JPMorgan Chase & Co.’s payout ratio is currently 27.49%.

Insider Activity

In other news, CEO Troy L. Rohrbaugh sold 25,000 shares of JPMorgan Chase & Co. 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 completion of the transaction, the chief executive officer now directly owns 133,381 shares of the company’s stock, valued at $32,947,774.62. The trade was a 15.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jennifer Piepszak sold 4,272 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 50,197 shares of the company’s stock, valued at approximately $12,400,164.91. This trade represents a 7.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,594 shares of company stock valued at $23,991,061 in the last quarter. 0.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on JPM shares. Royal Bank of Canada lifted their price target on shares of JPMorgan Chase & Co. from $255.00 to $285.00 and gave the stock an “outperform” rating in a report on Tuesday. Robert W. Baird raised their price objective on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday. TD Cowen began coverage on JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a “buy” rating and a $305.00 target price on the stock. UBS Group increased their price target on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, April 17th. Finally, Morgan Stanley boosted their price target on JPMorgan Chase & Co. from $235.00 to $236.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Eleven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $266.20.

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.