Bailard Inc. Purchases 5,921 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Bailard Inc. lifted its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 150,787 shares of the financial services provider's stock after purchasing an additional 5,921 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.0% of Bailard Inc.'s holdings, making the stock its 26th biggest holding. Bailard Inc.'s holdings in JPMorgan Chase & Co. were worth $36,988,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in JPM. Woodward Diversified Capital LLC grew its holdings in JPMorgan Chase & Co. by 3.4% during the 1st quarter. Woodward Diversified Capital LLC now owns 8,032 shares of the financial services provider's stock worth $1,970,000 after acquiring an additional 263 shares during the last quarter. Ascent Wealth Partners LLC grew its holdings in JPMorgan Chase & Co. by 5.4% during the 1st quarter. Ascent Wealth Partners LLC now owns 52,787 shares of the financial services provider's stock worth $12,949,000 after acquiring an additional 2,683 shares during the last quarter. Napatree Capital LLC lifted its position in JPMorgan Chase & Co. by 2.2% during the 1st quarter. Napatree Capital LLC now owns 6,405 shares of the financial services provider's stock valued at $1,571,000 after purchasing an additional 138 shares during the period. Lineweaver Wealth Advisors LLC lifted its position in JPMorgan Chase & Co. by 5.5% during the 1st quarter. Lineweaver Wealth Advisors LLC now owns 25,191 shares of the financial services provider's stock valued at $6,180,000 after purchasing an additional 1,302 shares during the period. Finally, Allen Capital Group LLC lifted its position in JPMorgan Chase & Co. by 11.2% during the 1st quarter. Allen Capital Group LLC now owns 40,552 shares of the financial services provider's stock valued at $9,948,000 after purchasing an additional 4,086 shares during the period. Institutional investors own 71.55% of the company's stock.

Insiders Place Their Bets

In other news, CFO Jeremy Barnum sold 40,014 shares of JPMorgan Chase & Co. 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 sale, the chief financial officer owned 18,017 shares of the company's stock, valued at approximately $4,518,123.09. This trade represents a 68.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total value of $2,375,000.00. Following the sale, the director directly owned 91,539 shares of the company's stock, valued at $22,884,750. This represents a 9.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,200 shares of company stock worth $18,060,015. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Up 0.6%

Shares of NYSE:JPM traded up $1.91 during midday trading on Friday, hitting $298.46. The stock had a trading volume of 5,918,228 shares, compared to its average volume of 9,347,400. JPMorgan Chase & Co. has a 12 month low of $190.90 and a 12 month high of $299.59. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The business's 50-day simple moving average is $277.68 and its 200-day simple moving average is $259.88. The company has a market cap of $829.45 billion, a P/E ratio of 15.31, a PEG ratio of 2.02 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. During the same period last year, the business earned $6.12 earnings per share. The firm's revenue was down 10.5% on a year-over-year basis. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 1.88%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is 28.73%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on JPM shares. Truist Financial upped their target price on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a research report on Wednesday, July 9th. HSBC reiterated a "reduce" rating and issued a $259.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. Bank of America increased their price target on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods increased their price target on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Finally, Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and a consensus target price of $288.68.

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.