Ameritas Advisory Services LLC Sells 9,733 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Ameritas Advisory Services LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 21.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,775 shares of the financial services provider's stock after selling 9,733 shares during the quarter. Ameritas Advisory Services LLC's holdings in JPMorgan Chase & Co. were worth $8,447,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its position in JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after acquiring an additional 4,841 shares during the last quarter. SOA Wealth Advisors LLC. grew its position in JPMorgan Chase & Co. by 1.2% in the fourth quarter. SOA Wealth Advisors LLC. now owns 21,337 shares of the financial services provider's stock valued at $5,115,000 after purchasing an additional 255 shares in the last quarter. Bank Pictet & Cie Europe AG grew its position in JPMorgan Chase & Co. by 0.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock valued at $46,068,000 after purchasing an additional 1,229 shares in the last quarter. Highview Capital Management LLC DE increased its stake in JPMorgan Chase & Co. by 16.1% in the 4th quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock valued at $3,266,000 after buying an additional 1,893 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. lifted its position in JPMorgan Chase & Co. by 3.6% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 24,793 shares of the financial services provider's stock worth $5,943,000 after buying an additional 851 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

Insider Activity

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction dated Thursday, June 5th. The shares were 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 the SEC website. Also, CFO Jeremy Barnum sold 40,014 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the transaction, the chief financial officer owned 18,017 shares of the company's stock, 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. Over the last three months, 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. Stock Performance

NYSE JPM traded down $4.05 during trading on Monday, reaching $291.95. The company's stock had a trading volume of 8,792,081 shares, compared to its average volume of 9,530,848. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. JPMorgan Chase & Co. has a 12 month low of $190.90 and a 12 month high of $296.49. The firm has a 50 day moving average price of $266.97 and a 200 day moving average price of $254.88. The firm has a market capitalization of $811.36 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 2.75 and a beta of 1.10.

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

JPMorgan Chase & Co. Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company reaffirmed an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Monday. TD Cowen assumed coverage on JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a "buy" rating and a $305.00 price target on the stock. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Morgan Stanley set a $240.00 price objective on JPMorgan Chase & Co. and gave the company an "equal weight" rating in a report on Monday. Finally, Piper Sandler restated a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. 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. According to MarketBeat.com, the company currently 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.