Toronto Dominion Bank Reduces Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Toronto Dominion Bank reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 18.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,029,369 shares of the financial services provider’s stock after selling 456,453 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.6% of Toronto Dominion Bank’s investment portfolio, making the stock its 23rd largest position. Toronto Dominion Bank owned about 0.07% of JPMorgan Chase & Co. worth $406,483,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JPM. Capital International Ltd. CA increased its holdings in shares of JPMorgan Chase & Co. by 13.9% in the first quarter. Capital International Ltd. CA now owns 186,935 shares of the financial services provider’s stock valued at $37,443,000 after purchasing an additional 22,753 shares during the last quarter. Capital International Inc. CA increased its stake in shares of JPMorgan Chase & Co. by 8.3% in the 1st quarter. Capital International Inc. CA now owns 537,683 shares of the financial services provider’s stock worth $107,698,000 after acquiring an additional 41,205 shares during the last quarter. Capital International Investors raised its holdings in shares of JPMorgan Chase & Co. by 1.9% during the 1st quarter. Capital International Investors now owns 42,294,992 shares of the financial services provider’s stock worth $8,471,687,000 after acquiring an additional 778,297 shares during the period. Rodgers Brothers Inc. boosted its position in shares of JPMorgan Chase & Co. by 27.8% during the 1st quarter. Rodgers Brothers Inc. now owns 8,509 shares of the financial services provider’s stock valued at $1,704,000 after acquiring an additional 1,850 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 3.9% in the first quarter. Axxcess Wealth Management LLC now owns 167,057 shares of the financial services provider’s stock valued at $33,462,000 after purchasing an additional 6,280 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 9th. Wolfe Research downgraded JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Jefferies Financial Group increased their price target on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Finally, Morgan Stanley increased their target price on shares of JPMorgan Chase & Co. from $214.00 to $221.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $202.89.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction that occurred 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 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 is available at this hyperlink. In other news, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. 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 sale, the insider now directly owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ashley Bacon sold 5,086 shares of the 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 directly owns 212,265 shares in the company, valued at approximately $42,355,358.10. The disclosure for this sale can be found here. Insiders sold 72,343 shares of company stock worth $14,137,789 over the last 90 days. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Up 1.7 %

Shares of JPMorgan Chase & Co. stock traded up $3.57 during trading hours on Friday, reaching $212.24. 8,027,787 shares of the company were exchanged, compared to its average volume of 9,013,996. The firm has a market cap of $609.48 billion, a PE ratio of 11.84, a PEG ratio of 2.45 and a beta of 1.12. 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. has a 1 year low of $135.19 and a 1 year high of $217.56. The stock’s fifty day moving average is $202.39 and its 200 day moving average is $191.60.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping the consensus estimate of $4.19 by $1.93. The company had revenue of $50.80 billion for 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 quarter in the prior year, the business earned $4.37 EPS. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 16.67 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a $1.15 dividend. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.17%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.66%.

JPMorgan Chase & Co. Company 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.