WD Rutherford LLC Has $4.74 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

WD Rutherford LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.9% during the first quarter, Holdings Channel reports. The fund owned 23,678 shares of the financial services provider’s stock after selling 1,483 shares during the period. JPMorgan Chase & Co. comprises approximately 2.5% of WD Rutherford LLC’s investment portfolio, making the stock its 9th biggest position. WD Rutherford LLC’s holdings in JPMorgan Chase & Co. were worth $4,743,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of JPM. Independence Bank of Kentucky raised its stake in shares of JPMorgan Chase & Co. by 25.2% in the first quarter. Independence Bank of Kentucky now owns 45,017 shares of the financial services provider’s stock worth $9,017,000 after buying an additional 9,054 shares during the period. Total Investment Management Inc. lifted its holdings in JPMorgan Chase & Co. by 4.1% during the first quarter. Total Investment Management Inc. now owns 3,840 shares of the financial services provider’s stock valued at $769,000 after purchasing an additional 151 shares in the last quarter. Webster Bank N. A. boosted its position in shares of JPMorgan Chase & Co. by 0.9% in the first quarter. Webster Bank N. A. now owns 107,133 shares of the financial services provider’s stock worth $21,459,000 after purchasing an additional 974 shares during the period. Astoria Portfolio Advisors LLC. increased its stake in shares of JPMorgan Chase & Co. by 65.0% in the first quarter. Astoria Portfolio Advisors LLC. now owns 14,477 shares of the financial services provider’s stock worth $2,648,000 after purchasing an additional 5,705 shares in the last quarter. Finally, Harbour Capital Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 0.7% during the 1st quarter. Harbour Capital Advisors LLC now owns 48,760 shares of the financial services provider’s stock valued at $9,696,000 after purchasing an additional 361 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $205.45 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The firm has a market cap of $589.98 billion, a PE ratio of 12.41, a P/E/G ratio of 2.72 and a beta of 1.12. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $207.09. The stock has a fifty day moving average price of $196.91 and a 200-day moving average price of $186.28.

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

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the transaction, the insider now owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The transaction was disclosed in a filing with the SEC, which is available at this link. In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the firm’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 transaction, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. 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 sale, the insider now owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 250,565 shares of company stock valued at $46,962,717. Insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Jefferies Financial Group lifted their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a report on Monday, April 8th. BMO Capital Markets lowered their target price on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a report on Monday, April 15th. Finally, Morgan Stanley decreased their price target on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a research note on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $194.10.

JPMorgan Chase & Co. 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.