XML Financial LLC Has $10.21 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

XML Financial LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 13.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,976 shares of the financial services provider’s stock after selling 8,132 shares during the period. JPMorgan Chase & Co. makes up approximately 1.0% of XML Financial LLC’s portfolio, making the stock its 22nd biggest position. XML Financial LLC’s holdings in JPMorgan Chase & Co. were worth $10,210,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. WealthPlan Investment Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 2.8% in the first quarter. WealthPlan Investment Management LLC now owns 23,525 shares of the financial services provider’s stock valued at $4,712,000 after buying an additional 644 shares in the last quarter. Brown Shipley& Co Ltd lifted its position in JPMorgan Chase & Co. by 10.4% in the 1st quarter. Brown Shipley& Co Ltd now owns 60,513 shares of the financial services provider’s stock valued at $12,038,000 after acquiring an additional 5,716 shares in the last quarter. Vista Investment Partners LLC lifted its position in JPMorgan Chase & Co. by 1.1% in the 1st quarter. Vista Investment Partners LLC now owns 10,616 shares of the financial services provider’s stock valued at $2,126,000 after acquiring an additional 111 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its stake in JPMorgan Chase & Co. by 4.1% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 40,440 shares of the financial services provider’s stock valued at $8,100,000 after purchasing an additional 1,597 shares during the last quarter. Finally, Beacon Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 21.3% during the 1st quarter. Beacon Capital Management LLC now owns 2,536 shares of the financial services provider’s stock worth $508,000 after purchasing an additional 445 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

Shares of JPM traded down $4.96 during trading hours on Thursday, hitting $207.84. The company’s stock had a trading volume of 10,900,799 shares, compared to its average volume of 9,228,409. The business has a 50 day simple moving average of $203.29 and a two-hundred day simple moving average of $192.65. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $217.56. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92. The company has a market cap of $596.85 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 2.52 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The business had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same period in the previous year, the business earned $4.37 EPS. On average, equities analysts expect that JPMorgan Chase & Co. will post 16.7 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were issued a dividend of $1.15 per share. The ex-dividend date was Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.21%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.66%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JPM. Keefe, Bruyette & Woods raised their target price on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Tuesday, July 9th. Jefferies Financial Group lifted their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Robert W. Baird raised their price target on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. UBS Group boosted their price target 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. Finally, BMO Capital Markets increased their price objective on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $203.17.

Insiders Place Their Bets

In other news, insider Elena A. Korablina sold 21,829 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $190.91, for a total value of $4,167,374.39. Following the sale, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the transaction, the insider now directly owns 6,484 shares in the company, valued at approximately $1,237,860.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 5,086 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the completion of the sale, the insider now owns 217,351 shares in the company, valued at approximately $42,087,847.64. The disclosure for this sale can be found here. Insiders sold a total of 72,343 shares of company stock worth $14,137,789 in the last quarter. 0.79% of the stock is owned by company insiders.

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.