Smead Capital Management Inc. Sells 46,056 Shares of JPMorgan Chase & Co. $JPM

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Smead Capital Management Inc. reduced its stake in JPMorgan Chase & Co. by 7.1%, selling 46,056 shares and now holding 601,947 shares valued at $189.87 million. Company insiders, including CFO Jeremy Barnum and General Counsel Stacey Friedman, have also been net sellers of the stock. Despite this, JPMorgan Chase beat EPS expectations, announced a $1.50 quarterly dividend, and holds a “Moderate Buy” analyst consensus with an average target price of $339.55.

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