Curbstone Financial Management Corp reduces its position in JPMorgan Chase & Co. (NYSE:JPM)


Curbstone Financial Management Corp reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the first quarter, according to its latest filing with the SEC. The institutional investor owned 25,498 shares of the financial services provider after selling 200 shares during the period. Curbstone Financial Management Corp’s holdings in JPMorgan Chase & Co. were worth $3,476,000 when it last filed with the SEC.

Other hedge funds also changed their holdings in the company. EP Wealth Advisors LLC raised its position in JPMorgan Chase & Co. by 5.3% during the third quarter. EP Wealth Advisors LLC now owns 455,838 shares of the financial services provider valued at $74,616,000 after buying an additional 22,829 shares last quarter. Patriot Financial Group Insurance Agency LLC increased its equity stake in JPMorgan Chase & Co. by 9.5% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 13,107 shares of the financial services provider valued at $2,145,000 after buying 1,133 additional shares last quarter. CHURCHILL MANAGEMENT Corp increased its stake in JPMorgan Chase & Co. by 1.0% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 137,923 shares of the financial services provider worth $21,840,000 after buying 1,351 additional shares in the last quarter. First American Trust FSB increased its stake in JPMorgan Chase & Co. by 3.0% in the fourth quarter. First American Trust FSB now owns 94,194 shares of the financial services provider worth $14,915,000 after buying an additional 2,712 shares last quarter. Finally, Lynch & Associates IN increased its stake in JPMorgan Chase & Co. by 4.2% in the fourth quarter. Lynch & Associates IN now owns 53,712 shares of the financial services provider worth $8,505,000 after buying 2,171 additional shares last quarter. Institutional investors hold 70.35% of the company’s shares.

In other JPMorgan Chase & Co. news, an insider Ashley Bacon sold 21,012 shares in a trade on Tuesday, April 19. The stock was sold at an average price of $130.04, for a total value of $2,732,400.48. Following the completion of the transaction, the insider now owns 178,588 shares of the company, valued at $23,223,583.52. The transaction was disclosed in an SEC filing, which is available via the SEC website. Also, CEO Jennifer Piepszak sold 4,668 shares in a trade on Thursday, April 14. The stock was sold at an average price of $126.19, for a total value of $589,054.92. Following the completion of the sale, the CEO now directly owns 11,135 shares of the company, valued at $1,405,125.65. Disclosure of this sale can be found here. 0.79% of the shares are currently held by company insiders.

Several analysts have published reports on the company. BMO Capital Markets raised its price target on JPMorgan Chase & Co. from $150.00 to $156.00 in a Tuesday, May 24 research note. Credit Suisse Group set a price target of $160.00 on JPMorgan Chase & Co. in a research report on Wednesday, May 25. Royal Bank of Canada set a price target of $175.00 on JPMorgan Chase & Co. and gave the company an “outperform” rating in a Thursday, April 14 research report. Jefferies Financial Group raised its price target on JPMorgan Chase & Co. from $125.00 to $137.00 in a Tuesday, May 24 research report. To finish, StockNews.com began covering JPMorgan Chase & Co. in a research report on Thursday, March 31. They issued a “holding” rating for the company. One equity research analyst gave the stock a sell rating, eight issued a hold rating and eight gave the company a buy rating. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average price target of $161.67.

JPM opened at $112.61 on Friday. The stock has a fifty-day simple moving average of $121.71 and a two-hundred-day simple moving average of $137.93. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt ratio of 1.16. The company has a market capitalization of $330.74 billion, a price-to-earnings ratio of 8.35, a growth price-to-earnings ratio of 2.09 and a beta of 1.11. JPMorgan Chase & Co. has a 12-month low of $110.93 and a 12-month high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet a rating) last released its quarterly earnings data on Wednesday, April 13. The financial services provider reported earnings per share (EPS) of $2.63 for the quarter, missing analyst consensus estimates of $2.73 per ($0.10). The company posted revenue of $30.72 billion in the quarter, versus a consensus estimate of $30.53 billion. JPMorgan Chase & Co. achieved a return on equity of 16.58% and a net margin of 33.61%. JPMorgan Chase & Co.’s revenue for the quarter decreased 4.8% from the same quarter last year. During the same quarter last year, the company posted EPS of $4.50. On average, analysts predict that JPMorgan Chase & Co. will post an EPS of 11.23 for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, July 31. Shareholders of record on Wednesday, July 6 will receive a dividend of $1.00. The ex-dividend date is Tuesday, July 5. This represents a dividend of $4.00 on an annualized basis and a yield of 3.55%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.67%.

JPMorgan Chase & Co. Company Profile (Get a rating)

JPMorgan Chase & Co operates as a worldwide financial services company. 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 s deposit, investment and lending products, payments and consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.

Further reading

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Institutional ownership by quarter for JPMorgan Chase & Co. (NYSE: JPM)



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