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Illinois Municipal Retirement Fund Sells 21,538 Shares of JPMorgan Chase & Co. (NYSE:JPM)

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Illinois Municipal Retirement Fund lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 12.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 150,355 shares of the financial services provider’s stock after selling 21,538 shares during the period. JPMorgan Chase & Co. makes up approximately 0.6% of Illinois Municipal Retirement Fund’s investment portfolio, making the stock its 22nd largest position. Illinois Municipal Retirement Fund’s holdings in JPMorgan Chase & Co. were worth $20,496,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Alpha Omega Wealth Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.5% during the first quarter. Alpha Omega Wealth Management LLC now owns 37,664 shares of the financial services provider’s stock worth $5,134,000 after acquiring an additional 557 shares during the period. Landmark Wealth Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $46,000. HMS Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 3.0% in the first quarter. HMS Capital Management LLC now owns 7,472 shares of the financial services provider’s stock valued at $1,019,000 after buying an additional 217 shares in the last quarter. Viking Fund Management LLC raised its position in shares of JPMorgan Chase & Co. by 17.6% in the first quarter. Viking Fund Management LLC now owns 63,500 shares of the financial services provider’s stock valued at $8,656,000 after buying an additional 9,500 shares in the last quarter. Finally, Ballast Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 4.9% in the first quarter. Ballast Advisors LLC now owns 51,844 shares of the financial services provider’s stock valued at $7,067,000 after buying an additional 2,444 shares in the last quarter. Institutional investors own 70.35% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $114.76 on Friday. The firm’s fifty day moving average price is $118.84 and its two-hundred day moving average price is $132.67. The stock has a market cap of $337.06 billion, a PE ratio of 9.21, a PEG ratio of 2.05 and a beta of 1.15. JPMorgan Chase & Co. has a fifty-two week low of $106.06 and a fifty-two week high of $172.96. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.82 and a current ratio of 0.83.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, hitting the consensus estimate of $2.76. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The company had revenue of $30.72 billion for the quarter, compared to analysts’ expectations of $31.82 billion. During the same quarter in the previous year, the firm posted $3.78 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up .8% on a year-over-year basis. On average, equities analysts expect that JPMorgan Chase & Co. will post 11.24 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Investors of record on Wednesday, July 6th will be paid a $1.00 dividend. The ex-dividend date is Tuesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 3.49%. JPMorgan Chase & Co.’s dividend payout ratio is 32.10%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on JPM shares. Citigroup upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and dropped their price target for the company from $145.00 to $135.00 in a research report on Tuesday, July 12th. Berenberg Bank upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price target for the company in a research report on Monday, July 18th. StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, March 31st. They issued a “hold” rating for the company. The Goldman Sachs Group set a $151.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Thursday, April 14th. Finally, Morgan Stanley lowered their price objective on shares of JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating for the company in a research report on Tuesday, July 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $145.95.

JPMorgan Chase & Co. Profile

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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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

See Also

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