Aveo Capital Partners LLC Trims Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Aveo Capital Partners LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 32.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,703 shares of the financial services provider's stock after selling 2,307 shares during the period. Aveo Capital Partners LLC's holdings in JPMorgan Chase & Co. were worth $1,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Strengthening Families & Communities LLC raised its holdings in shares of JPMorgan Chase & Co. by 125.7% during the first quarter. Strengthening Families & Communities LLC now owns 386 shares of the financial services provider's stock worth $95,000 after purchasing an additional 215 shares during the last quarter. Biltmore Family Office LLC increased its holdings in JPMorgan Chase & Co. by 11.1% in the first quarter. Biltmore Family Office LLC now owns 15,541 shares of the financial services provider's stock valued at $3,812,000 after buying an additional 1,550 shares in the last quarter. MSA Advisors LLC increased its holdings in JPMorgan Chase & Co. by 14.1% in the first quarter. MSA Advisors LLC now owns 31,200 shares of the financial services provider's stock valued at $7,653,000 after buying an additional 3,850 shares in the last quarter. White Lighthouse Investment Management Inc. increased its holdings in JPMorgan Chase & Co. by 7.6% in the first quarter. White Lighthouse Investment Management Inc. now owns 1,960 shares of the financial services provider's stock valued at $481,000 after buying an additional 138 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in JPMorgan Chase & Co. by 4.1% in the first quarter. Invesco Ltd. now owns 13,754,558 shares of the financial services provider's stock valued at $3,373,993,000 after buying an additional 547,110 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on JPM shares. TD Cowen started coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They issued a "buy" rating and a $305.00 price objective for the company. Piper Sandler reaffirmed an "overweight" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 15th. Morgan Stanley lifted their price objective on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Finally, Evercore ISI set a $298.00 price objective on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, July 7th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $288.68.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. 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 transaction, the chief operating officer directly owned 62,455 shares of the company's stock, valued at $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Stacey Friedman sold 6,608 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the transaction, the general counsel directly owned 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 disclosure for this sale can be found here. Insiders have sold 15,557 shares of company stock worth $4,113,796 over the last ninety days. 0.47% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Performance

JPM opened at $294.03 on Friday. The firm has a market capitalization of $808.52 billion, a PE ratio of 15.09, a PEG ratio of 1.93 and a beta of 1.11. JPMorgan Chase & Co. has a twelve month low of $200.61 and a twelve month high of $301.29. The firm's 50-day moving average price is $285.93 and its 200 day moving average price is $263.45. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. During the same period in the previous year, the firm earned $6.12 earnings per share. JPMorgan Chase & Co.'s quarterly revenue was down 10.5% compared to the same quarter last year. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd were paid a dividend of $1.40 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 1.9%. JPMorgan Chase & Co.'s payout ratio is 28.73%.

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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