Zions Bancorporation Sells 1,100 Shares of JPMorgan Chase & Co. (JPM)

Zions Bancorporation trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,419 shares of the financial services provider’s stock after selling 1,100 shares during the period. JPMorgan Chase & Co. comprises approximately 0.5% of Zions Bancorporation’s portfolio, making the stock its 21st biggest holding. Zions Bancorporation’s holdings in JPMorgan Chase & Co. were worth $2,135,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Youngs Advisory Group Inc. grew its position in shares of JPMorgan Chase & Co. by 8.2% in the fourth quarter. Youngs Advisory Group Inc. now owns 6,051 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 460 shares during the last quarter. Foster & Motley Inc. grew its position in shares of JPMorgan Chase & Co. by 0.5% in the fourth quarter. Foster & Motley Inc. now owns 95,423 shares of the financial services provider’s stock valued at $10,205,000 after purchasing an additional 461 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of JPMorgan Chase & Co. by 4.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 11,815 shares of the financial services provider’s stock valued at $1,264,000 after purchasing an additional 461 shares during the last quarter. Kistler Tiffany Companies LLC grew its position in shares of JPMorgan Chase & Co. by 2.9% in the fourth quarter. Kistler Tiffany Companies LLC now owns 16,431 shares of the financial services provider’s stock valued at $1,757,000 after purchasing an additional 463 shares during the last quarter. Finally, Meridian Wealth Management LLC grew its position in shares of JPMorgan Chase & Co. by 0.8% in the fourth quarter. Meridian Wealth Management LLC now owns 57,308 shares of the financial services provider’s stock valued at $5,536,000 after purchasing an additional 465 shares during the last quarter. Institutional investors and hedge funds own 72.01% of the company’s stock.

Several brokerages have recently issued reports on JPM. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Monday. Morgan Stanley lowered their price target on JPMorgan Chase & Co. from $138.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, April 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $122.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, April 16th. BMO Capital Markets reaffirmed a “hold” rating and issued a $110.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, April 13th. Finally, HSBC began coverage on JPMorgan Chase & Co. in a research report on Wednesday, April 11th. They issued a “hold” rating and a $111.00 price target on the stock. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $114.06.

Shares of JPMorgan Chase & Co. opened at $103.61 on Thursday, according to Marketbeat. The stock has a market cap of $355.59 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 1.72 and a beta of 1.20. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01. JPMorgan Chase & Co. has a 12 month low of $88.08 and a 12 month high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.09. The firm had revenue of $27.90 billion during the quarter, compared to analysts’ expectations of $27.73 billion. JPMorgan Chase & Co. had a net margin of 22.53% and a return on equity of 12.60%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.65 earnings per share. sell-side analysts anticipate that JPMorgan Chase & Co. will post 9.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, July 6th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is 32.61%.

In other JPMorgan Chase & Co. news, Director Chase & Co Jpmorgan purchased 22,000 shares of the business’s stock in a transaction on Thursday, May 31st. The stock was purchased at an average price of $1,000.00 per share, for a total transaction of $22,000,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mellody L. Hobson purchased 18,000 shares of the business’s stock in a transaction on Monday, April 16th. The shares were acquired at an average price of $111.05 per share, with a total value of $1,998,900.00. Following the purchase, the director now owns 864 shares of the company’s stock, valued at $95,947.20. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 53,000 shares of company stock valued at $25,488,830. Corporate insiders own 0.73% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply