Community Bank of Raymore Cuts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Community Bank of Raymore lessened its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.1% during the first quarter, Holdings Channel.com reports. The fund owned 74,048 shares of the financial services provider’s stock after selling 3,138 shares during the period. JPMorgan Chase & Co. accounts for 6.9% of Community Bank of Raymore’s holdings, making the stock its 3rd largest holding. Community Bank of Raymore’s holdings in JPMorgan Chase & Co. were worth $14,832,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in JPM. Stone House Investment Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 132.8% during the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares in the last quarter. Bare Financial Services Inc bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $35,000. Partnership Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $36,000. Stuart Chaussee & Associates Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $40,000. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $40,000. Institutional investors own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO James Dimon sold 178,222 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total transaction of $984,853.04. Following the sale, the insider now directly owns 217,351 shares of the company’s stock, valued at $42,087,847.64. The disclosure for this sale can be found here. Insiders have sold a total of 250,565 shares of company stock worth $46,962,717 over the last quarter. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JPM. Robert W. Baird lifted their target price on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Evercore ISI lifted their target price on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Oppenheimer dropped their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Royal Bank of Canada restated an “outperform” rating and issued a $211.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Finally, UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $194.10.

JPMorgan Chase & Co. Trading Down 0.3 %

Shares of NYSE JPM opened at $197.41 on Thursday. The firm’s 50 day moving average price is $195.87 and its 200-day moving average price is $185.44. The company has a market cap of $566.90 billion, a PE ratio of 11.92, a P/E/G ratio of 2.66 and a beta of 1.12. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $205.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The company had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. On average, equities research analysts expect that JPMorgan Chase & Co. will post 16.44 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.33%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. 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 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.