Alta Advisers Ltd Buys 5,200 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Alta Advisers Ltd boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 55.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,524 shares of the financial services provider's stock after acquiring an additional 5,200 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.5% of Alta Advisers Ltd's investment portfolio, making the stock its 14th biggest holding. Alta Advisers Ltd's holdings in JPMorgan Chase & Co. were worth $3,563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. Redwood Park Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $29,000. Curat Global LLC bought a new position in shares of JPMorgan Chase & Co. in the first quarter valued at about $33,000. Sellwood Investment Partners LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $34,000. Investment Counsel Co. of Nevada acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $37,000. Finally, Prudent Man Investment Management Inc. acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $43,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Trading Down 1.4%

NYSE JPM traded down $4.05 during trading hours on Monday, reaching $291.95. The company's stock had a trading volume of 8,790,826 shares, compared to its average volume of 9,530,609. The firm has a fifty day simple moving average of $266.97 and a 200-day simple moving average of $254.88. The stock has a market cap of $811.36 billion, a P/E ratio of 14.33, a P/E/G ratio of 2.75 and a beta of 1.10. JPMorgan Chase & Co. has a 52 week low of $190.90 and a 52 week high of $296.49. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The firm had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. During the same quarter last year, the business earned $4.44 EPS. The company's revenue was up 8.0% compared to the same quarter last year. Equities analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be given a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 1.92%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is currently 27.49%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Bank of America upped their price target on shares of JPMorgan Chase & Co. from $300.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Royal Bank Of Canada set a $305.00 price target on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a research note on Monday, June 30th. Evercore ISI set a $298.00 price target on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a research note on Monday. Truist Financial upped their price target on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a "hold" rating in a research note on Monday, June 2nd. Finally, Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target on the stock. in a research note on Friday, June 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $277.74.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the sale, the chief operating officer directly owned 62,455 shares in the company, valued at $16,392,563.85. This represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Jeremy Barnum sold 40,014 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total value of $10,034,310.78. Following the sale, the chief financial officer owned 18,017 shares in the company, valued at approximately $4,518,123.09. This represents a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,200 shares of company stock worth $18,060,015. 0.47% of the stock is owned by company insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.