JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Ascent Group LLC

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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,888 shares of the financial services provider's stock after buying an additional 3,761 shares during the period. JPMorgan Chase & Co. makes up about 1.1% of Ascent Group LLC's holdings, 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 and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Putney Financial Group LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $478,000. Aurdan Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $277,000. Perennial Advisors LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth $13,704,000. Vermillion Wealth Management Inc. bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth $189,000. Finally, Griffith & Werner Inc. bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth $892,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of recent analyst reports. Truist Financial set a $270.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, May 23rd. Piper Sandler restated an "overweight" rating and issued a $295.00 price objective (up from $260.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Robert W. Baird lifted their target price on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a "neutral" rating in a research note on Tuesday, May 20th. Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Finally, UBS Group increased their price target on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and a consensus target price of $266.65.

Insiders Place Their Bets

In other JPMorgan Chase & Co. 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 transaction, the general counsel now owns 36,520 shares in the company, valued at $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.02, for a total value of $6,175,500.00. Following the completion of the sale, the chief executive officer now directly owns 133,381 shares of the company's stock, valued at $32,947,774.62. The trade was a 15.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 95,594 shares of company stock worth $23,991,061 in the last three months. 0.47% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Up 0.1%

Shares of JPM traded up $0.18 on Thursday, hitting $263.67. 2,257,571 shares of the stock traded hands, compared to its average volume of 9,543,224. The company has a market capitalization of $732.76 billion, a PE ratio of 13.37, a P/E/G ratio of 2.83 and a beta of 1.07. The business has a 50 day simple moving average of $245.28 and a 200 day simple moving average of $248.79. JPMorgan Chase & Co. has a one year low of $190.88 and a one year high of $280.25. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $4.44 earnings per share. As a group, 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 company also recently announced 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 annualized dividend and a yield of 2.12%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

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.