Braun Stacey Associates Inc. Sells 5,912 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Braun Stacey Associates Inc. decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 189,649 shares of the financial services provider's stock after selling 5,912 shares during the period. JPMorgan Chase & Co. makes up approximately 1.9% of Braun Stacey Associates Inc.'s holdings, making the stock its 7th largest position. Braun Stacey Associates Inc.'s holdings in JPMorgan Chase & Co. were worth $46,521,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Redwood Park Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at about $29,000. Curat Global LLC acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at about $33,000. Sellwood Investment Partners LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at about $34,000. Investment Counsel Co. of Nevada acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at about $37,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the transaction, the director owned 91,539 shares in the company, valued at approximately $22,884,750. The trade was a 9.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jennifer Piepszak sold 6,129 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.76, for a total transaction of $1,536,908.04. Following the transaction, the chief operating officer owned 68,583 shares in the company, valued at $17,197,873.08. The trade was a 8.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,200 shares of company stock worth $18,060,015. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Down 0.5%

Shares of JPM traded down $1.41 during mid-day trading on Friday, reaching $286.78. The company had a trading volume of 7,378,197 shares, compared to its average volume of 9,530,369. The stock has a market cap of $796.99 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 2.62 and a beta of 1.10. The firm has a fifty day simple moving average of $270.98 and a 200-day simple moving average of $256.39. JPMorgan Chase & Co. has a fifty-two week low of $190.90 and a fifty-two week high of $296.40. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23.

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

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 1.95%. JPMorgan Chase & Co.'s payout ratio is 27.49%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JPM. Piper Sandler reissued a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Baird R W cut shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. Hsbc Global Res cut shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Morgan Stanley set a $240.00 price objective on shares of JPMorgan Chase & Co. and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Finally, UBS Group raised 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 note on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $284.42.

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.