Gilman Hill Asset Management LLC Sells 1,591 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Gilman Hill Asset Management LLC lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 17.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,596 shares of the financial services provider’s stock after selling 1,591 shares during the period. Gilman Hill Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,536,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $6,016,878,000. International Assets Investment Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $1,017,893,000. Swedbank AB bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $800,130,000. Capital Research Global Investors grew its position in shares of JPMorgan Chase & Co. by 23.3% in the 1st quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider’s stock valued at $3,445,185,000 after buying an additional 3,252,451 shares during the last quarter. Finally, Capital International Investors grew its position in shares of JPMorgan Chase & Co. by 5.4% in the 4th quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock valued at $7,062,094,000 after buying an additional 2,128,478 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the sale, the general counsel now directly owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the transaction, the general counsel now directly owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Marianne Lake sold 11,734 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $200.02, for a total value of $2,347,034.68. Following the transaction, the chief executive officer now directly owns 122,740 shares of the company’s stock, valued at $24,550,454.80. The disclosure for this sale can be found here. Insiders sold a total of 26,533 shares of company stock valued at $5,310,756 over the last ninety days. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Stock Up 0.9 %

Shares of JPMorgan Chase & Co. stock traded up $1.74 on Friday, hitting $205.80. The company had a trading volume of 5,540,240 shares, compared to its average volume of 9,292,017. The stock has a market capitalization of $590.99 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 2.42 and a beta of 1.12. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $217.56. The stock has a 50 day moving average of $203.58 and a 200-day moving average of $194.27. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping the consensus estimate of $4.19 by $1.93. The firm had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period in the prior year, the business posted $4.37 earnings per share. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.66%.

Analysts Set New Price Targets

A number of research firms have commented on JPM. Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Robert W. Baird upped their price target on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Citigroup upped their target price on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Finally, StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $205.71.

About JPMorgan Chase & Co.

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.