JPMorgan Chase & Co. (NYSE:JPM) is Appleton Partners Inc. MA's 6th Largest Position

Appleton Partners Inc. MA decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,226 shares of the financial services provider's stock after selling 3,400 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 2.6% of Appleton Partners Inc. MA's portfolio, making the stock its 6th largest holding. Appleton Partners Inc. MA's holdings in JPMorgan Chase & Co. were worth $34,152,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Perfromance Wealth Partners LLC grew its position in shares of JPMorgan Chase & Co. by 9.9% during the 1st quarter. Perfromance Wealth Partners LLC now owns 199,577 shares of the financial services provider's stock valued at $48,956,000 after acquiring an additional 17,997 shares during the period. Mayport LLC boosted its position in JPMorgan Chase & Co. by 29.8% during the first quarter. Mayport LLC now owns 3,816 shares of the financial services provider's stock worth $936,000 after purchasing an additional 875 shares in the last quarter. Rockline Wealth Management LLC boosted its position in JPMorgan Chase & Co. by 2.3% during the first quarter. Rockline Wealth Management LLC now owns 33,927 shares of the financial services provider's stock worth $8,322,000 after purchasing an additional 749 shares in the last quarter. Covea Finance purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $15,135,000. Finally, Carr Financial Group Corp grew its stake in JPMorgan Chase & Co. by 7.3% in the 1st quarter. Carr Financial Group Corp now owns 6,057 shares of the financial services provider's stock valued at $1,486,000 after acquiring an additional 413 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 1.0%

Shares of JPM traded up $2.88 during mid-day trading on Wednesday, reaching $284.14. The stock had a trading volume of 6,825,385 shares, compared to its average volume of 9,491,678. JPMorgan Chase & Co. has a 52-week low of $190.90 and a 52-week high of $284.47. The firm has a market cap of $789.65 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 2.63 and a beta of 1.08. The business's fifty day moving average is $259.29 and its 200 day moving average is $252.14. 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 posted its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $43.62 billion. During the same period in the previous year, the business posted $4.44 EPS. JPMorgan Chase & Co.'s revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors 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 yield of 1.97%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

Insider Buying and Selling

In other news, CFO Jeremy Barnum sold 40,014 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the completion of the transaction, the chief financial officer now directly owns 18,017 shares in the company, valued at approximately $4,518,123.09. This represents a 68.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jennifer Piepszak sold 6,129 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $250.76, for a total transaction of $1,536,908.04. Following the completion of the sale, the chief operating officer now owns 68,583 shares in the company, valued at approximately $17,197,873.08. This trade represents a 8.20% 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. Company insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on JPM. TD Cowen started coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a "buy" rating and a $305.00 price objective for the company. Piper Sandler restated a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Wall Street Zen raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Wells Fargo & Company boosted their price objective on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 10th. Finally, Royal Bank Of Canada reissued a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $271.90.

JPMorgan Chase & Co. 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.