Bessemer Group Inc. Has $1.33 Billion Position in JPMorgan Chase & Co. (NYSE:JPM)

Bessemer Group Inc. trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,441,020 shares of the financial services provider's stock after selling 381,344 shares during the period. JPMorgan Chase & Co. comprises 2.4% of Bessemer Group Inc.'s portfolio, making the stock its 7th largest position. Bessemer Group Inc. owned 0.20% of JPMorgan Chase & Co. worth $1,334,681,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of JPM. Capital & Planning LLC increased its position in shares of JPMorgan Chase & Co. by 13.3% during the fourth quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock valued at $565,000 after buying an additional 276 shares during the period. Brighton Jones LLC grew its holdings in JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after purchasing an additional 4,841 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $66,088,000. SOA Wealth Advisors LLC. lifted its stake in shares of JPMorgan Chase & Co. by 1.2% in the fourth quarter. SOA Wealth Advisors LLC. now owns 21,337 shares of the financial services provider's stock worth $5,115,000 after buying an additional 255 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG lifted its stake in shares of JPMorgan Chase & Co. by 0.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock worth $46,068,000 after buying an additional 1,229 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on JPM. TD Cowen began coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a "buy" rating and a $305.00 target price on the stock. KGI Securities began coverage on shares of JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a "hold" rating on the stock. Royal Bank Of Canada reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. UBS Group upped their target price 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. Finally, Piper Sandler reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and an average target price of $273.15.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 2,821 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 value of $749,567.91. Following the completion of the sale, the general counsel now directly owns 68,757 shares of the company's stock, valued at $18,269,422.47. This represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Linda Bammann sold 9,500 shares of the stock in a transaction 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 directly owns 91,539 shares of the company's stock, valued at approximately $22,884,750. This trade represents a 9.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,200 shares of company stock valued at $18,060,015 over the last three months. Corporate insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Down 0.5%

Shares of JPM stock opened at $287.31 on Monday. JPMorgan Chase & Co. has a 12 month low of $190.90 and a 12 month high of $289.41. The stock has a market cap of $798.45 billion, a P/E ratio of 14.10, a P/E/G ratio of 2.67 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. The company has a 50 day simple moving average of $261.55 and a two-hundred day simple moving average of $252.90.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The business had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. During the same period in the prior year, the company earned $4.44 earnings per share. The firm's revenue was up 8.0% on a year-over-year basis. On average, research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be paid a $1.40 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis 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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