Ascent Group LLC Has $15.08 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Ascent Group LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,888 shares of the financial services provider's stock after buying an additional 3,761 shares during the quarter. JPMorgan Chase & Co. makes up 1.1% of Ascent Group LLC's portfolio, making the stock its 13th biggest holding. Ascent Group LLC's holdings in JPMorgan Chase & Co. were worth $15,075,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan Chase & Co. by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock valued at $938,491,000 after purchasing an additional 319,730 shares in the last quarter. Capital & Planning LLC boosted its stake in shares of JPMorgan Chase & Co. by 13.3% in the fourth quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock worth $565,000 after buying an additional 276 shares during the last quarter. Atwood & Palmer Inc. grew its stake in shares of JPMorgan Chase & Co. by 1.1% during the 4th quarter. Atwood & Palmer Inc. now owns 7,201 shares of the financial services provider's stock worth $1,726,000 after purchasing an additional 81 shares during the period. Ballentine Partners LLC raised its holdings in JPMorgan Chase & Co. by 4.5% in the 4th quarter. Ballentine Partners LLC now owns 90,763 shares of the financial services provider's stock worth $21,757,000 after purchasing an additional 3,910 shares during the period. Finally, Rezny Wealth Management Inc. increased its stake in JPMorgan Chase & Co. by 3.6% during the 4th quarter. Rezny Wealth Management Inc. now owns 8,833 shares of the financial services provider's stock worth $2,117,000 after buying an additional 303 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Truist Financial set a $270.00 price objective on JPMorgan Chase & Co. in a research note on Friday, May 23rd. Robert W. Baird boosted their price target on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 20th. Royal Bank of Canada restated an "outperform" rating and issued a $285.00 price objective (up from $255.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Bank of America dropped their price target on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Finally, TD Securities upped their target price on JPMorgan Chase & Co. from $305.00 to $315.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and an average price target of $266.65.

JPMorgan Chase & Co. Stock Down 0.7%

Shares of NYSE JPM traded down $1.83 during mid-day trading on Wednesday, reaching $263.46. 5,524,072 shares of the company traded hands, compared to its average volume of 9,561,080. JPMorgan Chase & Co. has a fifty-two week low of $190.88 and a fifty-two week high of $280.25. The stock has a market cap of $732.18 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company's fifty day moving average is $244.84 and its two-hundred day moving average is $248.69.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.'s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $4.44 EPS. On average, analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current 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 given a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 2.13%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.49%.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the completion of the sale, the general counsel now owns 36,520 shares of the company's stock, valued at $9,703,729.20. This represents a 15.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the sale, the insider now owns 49,127 shares in the company, valued at approximately $12,130,438.84. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,594 shares of company stock valued at $23,991,061 in the last 90 days. 0.47% of the stock is currently owned by insiders.

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.