JPMorgan Chase & Co. (NYSE:JPM) Stock Position Cut by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 24.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 94,549 shares of the financial services provider's stock after selling 30,971 shares during the quarter. JPMorgan Chase & Co. comprises about 5.0% of Bourgeon Capital Management LLC's portfolio, making the stock its biggest holding. Bourgeon Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $23,193,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of JPM. Redwood Park Advisors LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth about $29,000. Sellwood Investment Partners LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $34,000. Investment Counsel Co. of Nevada bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at approximately $37,000. Prudent Man Investment Management Inc. acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $43,000. Finally, Midwest Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $43,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction that occurred on 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 completion of the sale, the general counsel now owns 36,520 shares of the company's stock, valued at approximately $9,703,729.20. This represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jennifer Piepszak sold 4,272 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the completion of the transaction, the chief operating officer now owns 50,197 shares in the company, valued at $12,400,164.91. This represents a 7.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,594 shares of company stock worth $23,991,061 over the last ninety days. Insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Piper Sandler restated a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday. UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday. Finally, Truist Financial upped their price target on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a "hold" rating in a research report on Monday. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $267.15.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded down $2.44 during mid-day trading on Thursday, reaching $261.78. 8,069,971 shares of the company were exchanged, compared to its average volume of 9,543,469. JPMorgan Chase & Co. has a 52 week low of $190.88 and a 52 week high of $280.25. The company's 50 day moving average price is $246.91 and its 200 day moving average price is $249.59. The stock has a market capitalization of $727.52 billion, a PE ratio of 13.26, a PEG ratio of 2.83 and a beta of 1.08. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

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 for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter last year, the business posted $4.44 earnings per share. The company's revenue for the quarter was up 8.0% on a year-over-year basis. 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 given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is currently 27.49%.

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.