Breakwater Capital Group Purchases 2,860 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Breakwater Capital Group boosted its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 25.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 13,917 shares of the financial services provider's stock after buying an additional 2,860 shares during the period. Breakwater Capital Group's holdings in JPMorgan Chase & Co. were worth $3,414,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of JPM. Chesley Taft & Associates LLC lifted its stake in JPMorgan Chase & Co. by 0.5% in the 1st quarter. Chesley Taft & Associates LLC now owns 171,355 shares of the financial services provider's stock valued at $42,033,000 after purchasing an additional 810 shares during the last quarter. Boltwood Capital Management lifted its stake in JPMorgan Chase & Co. by 13.7% in the 1st quarter. Boltwood Capital Management now owns 16,435 shares of the financial services provider's stock valued at $4,032,000 after purchasing an additional 1,985 shares during the last quarter. Lake Street Private Wealth LLC lifted its stake in JPMorgan Chase & Co. by 3.1% in the 1st quarter. Lake Street Private Wealth LLC now owns 32,694 shares of the financial services provider's stock valued at $8,020,000 after purchasing an additional 982 shares during the last quarter. Eclectic Associates Inc. ADV lifted its stake in JPMorgan Chase & Co. by 0.7% in the 1st quarter. Eclectic Associates Inc. ADV now owns 16,422 shares of the financial services provider's stock valued at $4,028,000 after purchasing an additional 107 shares during the last quarter. Finally, Wealth Management Partners LLC lifted its stake in JPMorgan Chase & Co. by 0.8% in the 1st quarter. Wealth Management Partners LLC now owns 11,910 shares of the financial services provider's stock valued at $2,922,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Wall Street Analyst Weigh In

JPM has been the subject of several research reports. TD Cowen initiated coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a "buy" rating and a $305.00 price objective for the company. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday. Bank of America dropped their price target on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Piper Sandler reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $267.15.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 6,608 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the completion of the transaction, the general counsel now directly owns 36,520 shares in the company, valued at $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the transaction, the chief executive officer now owns 133,381 shares of the company's stock, valued at $32,947,774.62. This represents a 15.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,722 shares of company stock worth $25,599,477. 0.47% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Stock Up 1.5%

NYSE:JPM traded up $3.86 during trading hours on Friday, reaching $265.81. The company had a trading volume of 7,734,607 shares, compared to its average volume of 9,559,312. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The firm has a market cap of $738.71 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 2.83 and a beta of 1.08. The business's 50-day simple moving average is $247.68 and its two-hundred day simple moving average is $249.96. JPMorgan Chase & Co. has a twelve month low of $190.88 and a twelve month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. The business had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $4.44 earnings per share. On average, equities analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business 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 $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is 27.49%.

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.