AssuredPartners Investment Advisors LLC Buys 1,375 Shares of JPMorgan Chase & Co. (NYSE:JPM)

AssuredPartners Investment Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,970 shares of the financial services provider's stock after purchasing an additional 1,375 shares during the period. JPMorgan Chase & Co. makes up about 1.4% of AssuredPartners Investment Advisors LLC's holdings, making the stock its 10th biggest position. AssuredPartners Investment Advisors LLC's holdings in JPMorgan Chase & Co. were worth $7,352,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Fourth Dimension Wealth LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at $471,000. Disciplined Investments LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at $217,000. LGT Group Foundation raised its position in JPMorgan Chase & Co. by 2.8% during the fourth quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock valued at $126,040,000 after buying an additional 14,300 shares during the period. Kinsale Capital Group Inc. raised its position in JPMorgan Chase & Co. by 11.1% during the fourth quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider's stock valued at $10,483,000 after buying an additional 4,375 shares during the period. Finally, Jag Capital Management LLC raised its position in JPMorgan Chase & Co. by 10.5% during the fourth quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock valued at $353,000 after buying an additional 140 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the completion of the sale, the director now owns 91,539 shares in the company, valued at $22,884,750. This represents a 9.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeremy Barnum sold 40,014 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total value of $10,034,310.78. Following the sale, the chief financial officer now owns 18,017 shares of the company's stock, valued at approximately $4,518,123.09. The trade was a 68.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,200 shares of company stock worth $18,060,015 in the last 90 days. 0.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on JPM shares. Royal Bank Of Canada reissued a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company an "overweight" rating in a research report on Tuesday, June 10th. Truist Financial upped their price target on JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a "hold" rating in a research report on Monday, June 2nd. Morgan Stanley boosted their target price on JPMorgan Chase & Co. from $236.00 to $240.00 and gave the company an "equal weight" rating in a research note on Monday, June 23rd. Finally, KGI Securities began coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a "hold" rating on the stock. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $273.15.

JPMorgan Chase & Co. Stock Performance

JPM opened at $287.31 on Friday. The company has a market cap of $798.45 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 2.69 and a beta of 1.08. The stock has a 50-day moving average of $261.55 and a 200-day moving average of $252.76. JPMorgan Chase & Co. has a 52-week low of $190.90 and a 52-week high of $289.41. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly 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. The company 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 16.88% and a net margin of 21.21%. The firm's revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.44 EPS. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share 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. Stockholders of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 1.95%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

JPMorgan Chase & Co. Company 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.

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