Monument Capital Management sells 3,376 shares of JPMorgan Chase & Co. (NYSE: JPM)


Monument Capital Management reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 53.3% during the first quarter, according to the company in its most recent Form 13F filed with the Securities & Exchange Commission. The fund held 2,962 shares of the financial services provider after selling 3,376 shares during the period. Monument Capital Management‘s holdings in JPMorgan Chase & Co. were worth $404,000 at the end of the last quarter.

A number of other institutional investors have also increased or reduced their stake in the company. Sandbox Financial Partners LLC increased its position in JPMorgan Chase & Co. by 4.8% in the first quarter. Sandbox Financial Partners LLC now owns 5,817 shares of the financial services provider valued at $793,000 after acquiring 267 additional shares in the last quarter. Hedeker Wealth LLC increased its holdings of JPMorgan Chase & Co. shares by 3.0% in the first quarter. Hedeker Wealth LLC now owns 38,613 shares of the financial services provider worth $5,263,000 after purchasing an additional 1,135 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings of JPMorgan Chase & Co. shares by 9.4% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 56,087 shares of the financial services provider worth $7,646,000 after buying 4,820 additional shares in the last quarter. Winthrop Advisory Group LLC increased its holdings of JPMorgan Chase & Co. shares by 3.2% in the first quarter. Winthrop Advisory Group LLC now owns 10,780 shares of the financial services provider worth $1,470,000 after buying 337 additional shares in the last quarter. Finally, Raub Brock Capital Management LP increased its holdings of JPMorgan Chase & Co. shares by 59.7% in the first quarter. Raub Brock Capital Management LP now owns 5,779 shares of the financial services provider worth $788,000 after buying 2,160 additional shares in the last quarter. Hedge funds and other institutional investors hold 70.35% of the company’s shares.

In other news, CEO Jennifer Piepszak sold 4,668 shares of the company in a trade that took place on Thursday, April 14. The stock was sold at an average price of $126.19, for a total transaction of $589,054.92. As a result of the transaction, the CEO now directly owns 11,135 shares of the company, valued at $1,405,125.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, insider Ashley Bacon sold 21,012 shares of the company in a trade that took place 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 transaction, the insider now directly owns 178,588 shares of the company, valued at $23,223,583.52. The disclosure of this sale can be found here. 0.79% of the shares are held by insiders.

Several research firms have recently weighed in on JPM. Royal Bank of Canada set a price target of $175.00 on JPMorgan Chase & Co. and gave the stock an “outperform” rating in a Thursday, April 14 report. Goldman Sachs Group set a price target of $151.00 on JPMorgan Chase & Co. and gave the stock a “buy” rating in a Thursday, April 14 report. Wells Fargo & Company raised its price target on JPMorgan Chase & Co. from $145.00 to $150.00 and gave the stock an “equal weight” rating in a Tuesday, May 24 report. Argus cut its price target on JPMorgan Chase & Co. from $177.00 to $155.00 in a Thursday, April 14 report. Finally, BMO Capital Markets raised its price target on JPMorgan Chase & Co. from $150.00 to $156.00 in a Tuesday, May 24 research note. One research analyst has assigned the stock a sell rating, eight have assigned a hold rating and eight have assigned the stock a buy rating. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $161.67.

Shares of JPM opened at $117.32 on Friday. JPMorgan Chase & Co. has a 52-week low of $111.48 and a 52-week high of $172.96. The company has a debt ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.82. The company’s 50-day moving average price is $122.94 and its two-hundred-day moving average price is $139.02. The company has a market capitalization of $344.57 billion, a PE ratio of 8.70, a growth price-earnings ratio of 2.03 and a beta of 1.11.

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

The company also recently declared 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. This represents an annualized dividend of $4.00 and a yield of 3.41%. The ex-dividend date is Tuesday, July 5. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 29.67%.

About JPMorgan Chase & Co. (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.

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



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