Amalgamated Bank Boosts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Amalgamated Bank boosted its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 545,280 shares of the financial services provider's stock after purchasing an additional 4,458 shares during the period. JPMorgan Chase & Co. comprises 1.1% of Amalgamated Bank's investment portfolio, making the stock its 13th biggest position. Amalgamated Bank's holdings in JPMorgan Chase & Co. were worth $133,757,000 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. Innovative Wealth Building LLC raised its stake in shares of JPMorgan Chase & Co. by 10.2% during the 1st quarter. Innovative Wealth Building LLC now owns 943 shares of the financial services provider's stock worth $231,000 after purchasing an additional 87 shares during the period. Crown Wealth Group LLC increased its holdings in JPMorgan Chase & Co. by 5.4% during the first quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider's stock worth $1,060,000 after buying an additional 222 shares during the last quarter. Wealthstar Advisors LLC raised its position in JPMorgan Chase & Co. by 41.4% in the first quarter. Wealthstar Advisors LLC now owns 2,628 shares of the financial services provider's stock worth $645,000 after acquiring an additional 770 shares during the period. Strid Group LLC boosted its stake in JPMorgan Chase & Co. by 1.8% in the first quarter. Strid Group LLC now owns 3,003 shares of the financial services provider's stock valued at $737,000 after acquiring an additional 52 shares during the last quarter. Finally, Augustine Asset Management Inc. grew its position in shares of JPMorgan Chase & Co. by 0.3% during the 1st quarter. Augustine Asset Management Inc. now owns 34,780 shares of the financial services provider's stock valued at $8,532,000 after acquiring an additional 114 shares during the period. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock traded up $4.13 during trading on Friday, hitting $296.13. The company had a trading volume of 6,541,646 shares, compared to its average volume of 9,527,821. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. The stock's 50-day moving average is $266.97 and its two-hundred day moving average is $254.56. The stock has a market capitalization of $822.96 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth 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 $296.40.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its 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 company had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. During the same period in the previous year, the business earned $4.44 earnings per share. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is currently 27.49%.

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 6,129 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.76, for a total value of $1,536,908.04. Following the transaction, the chief operating officer owned 68,583 shares in the company, valued at $17,197,873.08. This trade represents a 8.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the sale, the director owned 91,539 shares of the company's stock, valued at approximately $22,884,750. The trade was a 9.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,200 shares of company stock valued at $18,060,015 over the last 90 days. Company insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

JPM has been the topic of a number of research reports. Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $280.00 to $298.00 and gave the stock an "outperform" rating in a report on Wednesday. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Piper Sandler reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Morgan Stanley increased their price target on JPMorgan Chase & Co. from $236.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Monday, June 23rd. Finally, TD Cowen assumed coverage on JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a "buy" rating and a $305.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $277.74.

About JPMorgan Chase & Co.

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.