Clearview Wealth Advisors LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 19.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,102 shares of the financial services provider’s stock after selling 754 shares during the quarter. Clearview Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $761,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Redwood Park Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth $29,000. Curat Global LLC bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth $33,000. Sellwood Investment Partners LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $34,000. Investment Counsel Co. of Nevada purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $37,000. Finally, Midwest Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $43,000. Institutional investors own 71.55% of the company’s stock.
Insider Buying and Selling
In other news, COO Jennifer Piepszak sold 6,129 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.76, for a total value of $1,536,908.04. Following the sale, the chief operating officer now directly owns 68,583 shares of the company’s stock, valued at approximately $17,197,873.08. This represents a 8.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jeremy Barnum sold 40,014 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total value of $10,034,310.78. Following the completion of the transaction, the chief financial officer now directly owns 18,017 shares of the company’s stock, valued at approximately $4,518,123.09. This represents a 68.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,200 shares of company stock worth $18,060,015 in the last three months. 0.47% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on JPM
JPMorgan Chase & Co. Stock Down 0.5%
JPM stock opened at $287.31 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $190.90 and a fifty-two week high of $289.41. The company has a market capitalization of $798.45 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 2.69 and a beta of 1.08. The business’s 50 day moving average price is $261.55 and its two-hundred day moving average price is $252.76. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly 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. The company had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.44 earnings per share. As a group, analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.49%.
JPMorgan Chase & Co. Profile
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.
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