JPMorgan Chase & Co. (NYSE:JPM) Position Boosted by BNC Wealth Management LLC

BNC Wealth Management LLC raised its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,019 shares of the financial services provider's stock after purchasing an additional 1,156 shares during the period. JPMorgan Chase & Co. accounts for about 2.3% of BNC Wealth Management LLC's holdings, making the stock its 9th biggest position. BNC Wealth Management LLC's holdings in JPMorgan Chase & Co. were worth $6,383,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of JPMorgan Chase & Co. by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 59,220,603 shares of the financial services provider's stock worth $14,161,171,000 after purchasing an additional 876,417 shares during the last quarter. Norges Bank bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $8,310,884,000. Northern Trust Corp increased its holdings in shares of JPMorgan Chase & Co. by 15.4% in the 4th quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock worth $8,113,147,000 after buying an additional 4,515,147 shares during the last quarter. GAMMA Investing LLC raised its position in shares of JPMorgan Chase & Co. by 25,861.9% during the 1st quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock valued at $5,778,289,000 after buying an additional 23,465,278 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of JPMorgan Chase & Co. by 9.1% during the 4th quarter. Capital Research Global Investors now owns 22,841,033 shares of the financial services provider's stock worth $5,475,223,000 after acquiring an additional 1,914,049 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Up 2.0%

JPM stock traded up $5.26 on Monday, reaching $270.21. 6,911,093 shares of the company traded hands, compared to its average volume of 9,529,124. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The firm has a fifty day simple moving average of $252.10 and a 200-day simple moving average of $250.57. JPMorgan Chase & Co. has a one year low of $190.90 and a one year high of $280.25. The company has a market cap of $750.93 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its 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. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the prior year, the firm posted $4.44 earnings per share. The business's revenue was up 8.0% on a year-over-year basis. Research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.49%.

Insider Activity

In related news, CEO Troy L. Rohrbaugh sold 25,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the completion of the transaction, the chief executive officer now directly owns 133,381 shares in the company, valued at approximately $32,947,774.62. The trade was a 15.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jennifer Piepszak sold 4,272 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the sale, the chief operating officer now owns 50,197 shares in the company, valued at $12,400,164.91. The trade was a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,722 shares of company stock valued at $25,599,477 in the last 90 days. 0.47% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of research analyst reports. UBS Group increased their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Morgan Stanley reaffirmed an "equal weight" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an "overweight" rating in a report on Tuesday, June 10th. Truist Financial increased their target price on JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a "hold" rating in a report on Monday, June 2nd. Finally, TD Securities restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $269.65.

JPMorgan Chase & Co. 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.