Forum Financial Management LP Cuts Shareholding in JPMorgan Chase & Co. (NYSE:JPM)


Forum Financial Management LP reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.5% in the first quarter, according to the firm’s most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,012 shares of the financial services provider after selling 7,853 shares during the period. JPMorgan Chase & Co. represents about 0.3% of Forum Financial Management LP’s holdings, making the stock its 24th-largest holding. Forum Financial Management LP’s holdings in JPMorgan Chase & Co. were worth $16,828,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in JPM recently. Lantz Financial LLC increased its stake in shares of JPMorgan Chase & Co. by 3.8% in the fourth quarter. Lantz Financial LLC now owns 6,511 shares of the financial services provider’s stock worth $1,108,000 after purchasing an additional 236 shares during the period. NatWest Group plc increased its stake in shares of JPMorgan Chase & Co. by 23.2% in the fourth quarter. NatWest Group plc now owns 73,071 shares of the financial services provider’s stock worth $12,429,000 after purchasing an additional 13,758 shares in the last quarter. Whitaker Myers Wealth Managers LTD. increased its stake in shares of JPMorgan Chase & Co. by 13.5% during the fourth quarter. Whitaker Myers Wealth Managers LTD. Global Strategic Investment Solutions LLC now owns 2,285 shares of the financial services provider’s stock worth $389,000 after purchasing an additional 271 shares in the last quarter. Willis Johnson & Associates Inc. purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $232,000. Finally, Global Strategic Investment Solutions LLC increased its stake in shares of JPMorgan Chase & Co. by 6.4% in the fourth quarter. Global Strategic Investment Solutions LLC now owns 2,184 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 132 shares in the last quarter. 71.55% of the shares are currently held by institutional investors.

Insider transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction dated Monday, May 6. The shares were sold at an average price of $190.91, for a total value of $4,167,374.39. Following the completion of the sale, the insider now directly owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this link. In other JPMorgan Chase & Co. news, insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction dated Monday, May 6. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the transaction, the insider now owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the sale, the insider now directly owns 212,265 shares of the company’s stock, valued at approximately $42,355,358.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,343 shares of the company’s stock for $14,137,789. Currently, 0.79% of the company’s shares are held by insiders.

Analyst Upgrades and Downgrades

JPM has been the subject of several recent analyst reports. Wolfe Research downgraded JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. UBS Group raised their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Jefferies Financial Group raised their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Finally, StockNews.com has reviewed shares of JPMorgan Chase & Co. JPMorgan Chase & Co. upgraded the stock from a “sell” rating to a “hold” rating in a research report on Saturday, July 13. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $202.89.

Get our latest stock analysis on JPM

JPMorgan Chase & Co. trades up 0.9%

JPM opened at $211.64 on Monday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91. The stock’s 50-day moving average price is $201.57 and its 200-day moving average price is $190.54. JPMorgan Chase & Co. has a one-year low of $135.19 and a one-year high of $217.56. The stock has a market cap of $607.76 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 2.46 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its quarterly earnings results on Friday, July 12. The financial services company reported $6.12 EPS for the quarter, topping the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. In the prior-year quarter, the company reported $4.37 EPS. On average, analysts predict that JPMorgan Chase & Co. will report 16.67 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will receive a dividend of $1.15. The ex-dividend date is Friday, July 5th. This represents an annualized dividend of $4.60 and a yield of 2.17%. JPMorgan Chase & Co.’s dividend payout ratio currently stands at 25.66%.

JPMorgan Chase & Co. Profile

(Free Report)

JPMorgan Chase & Co. is a global financial services company. The company operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment provides deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

Recommended Articles

Want to know which other hedge funds have JPM in their portfolio? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for JPMorgan Chase & Co. (NYSE:JPM – Free Report).

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



Get news and reviews for JPMorgan Chase & Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com’s FREE daily email newsletter.