Connor Clark & Lunn Investment Management Ltd. Sells 279,874 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Connor Clark & Lunn Investment Management Ltd. lowered its position in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 82.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,266 shares of the financial services provider’s stock after selling 279,874 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in JPMorgan Chase & Co. were worth $7,948,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Twin Lakes Capital Management LLC boosted its position in JPMorgan Chase & Co. by 0.5% during the fourth quarter. Twin Lakes Capital Management LLC now owns 13,786 shares of the financial services provider’s stock worth $1,849,000 after purchasing an additional 71 shares during the period. Karpas Strategies LLC raised its stake in JPMorgan Chase & Co. by 0.3% during the fourth quarter. Karpas Strategies LLC now owns 21,608 shares of the financial services provider’s stock worth $2,898,000 after acquiring an additional 71 shares in the last quarter. Sanford Advisory Services LLC increased its stake in shares of JPMorgan Chase & Co. by 2.4% in the fourth quarter. Sanford Advisory Services LLC now owns 3,176 shares of the financial services provider’s stock valued at $426,000 after buying an additional 73 shares during the period. Gould Asset Management LLC CA increased its stake in shares of JPMorgan Chase & Co. by 1.2% in the fourth quarter. Gould Asset Management LLC CA now owns 6,580 shares of the financial services provider’s stock valued at $882,000 after buying an additional 75 shares during the period. Finally, Dempze Nancy E increased its stake in shares of JPMorgan Chase & Co. by 2.0% in the fourth quarter. Dempze Nancy E now owns 3,808 shares of the financial services provider’s stock valued at $511,000 after buying an additional 75 shares during the period. Institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.2 %

Shares of NYSE JPM opened at $135.67 on Friday. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $144.34. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $396.47 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 1.89 and a beta of 1.10. The business has a 50-day moving average of $133.88 and a 200-day moving average of $135.60.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, topping the consensus estimate of $3.41 by $0.69. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The company had revenue of $38.35 billion during the quarter, compared to analyst estimates of $35.77 billion. During the same quarter in the previous year, the firm earned $2.63 earnings per share. JPMorgan Chase & Co.’s revenue was up 24.8% on a year-over-year basis. Sell-side analysts expect that JPMorgan Chase & Co. will post 14.33 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be given a $1.00 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 dividend on an annualized basis and a yield of 2.95%. JPMorgan Chase & Co.’s payout ratio is 29.52%.

Insider Buying and Selling

In related news, CEO Douglas B. Petno sold 4,932 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $134.90, for a total value of $665,326.80. Following the completion of the sale, the chief executive officer now owns 282,091 shares in the company, valued at approximately $38,054,075.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Douglas B. Petno sold 4,932 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $134.90, for a total value of $665,326.80. Following the completion of the sale, the chief executive officer now owns 282,091 shares in the company, valued at approximately $38,054,075.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Peter Scher sold 1,240 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $135.02, for a total value of $167,424.80. Following the completion of the sale, the insider now owns 45,056 shares of the company’s stock, valued at approximately $6,083,461.12. The disclosure for this sale can be found here. Insiders sold 136,578 shares of company stock worth $18,543,247 in the last quarter. 0.79% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on JPM. Keefe, Bruyette & Woods upped their target price on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a report on Monday, April 17th. Odeon Capital Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Monday, May 1st. BMO Capital Markets increased their target price on JPMorgan Chase & Co. from $169.00 to $170.00 in a report on Tuesday, May 2nd. 92 Resources reiterated a “maintains” rating on shares of JPMorgan Chase & Co. in a report on Friday, May 12th. Finally, The Goldman Sachs Group increased their price target on JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday, April 14th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.65.

About JPMorgan Chase & Co.

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JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.