Butensky & Cohen Financial Security Inc. Sells 1,905 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Butensky & Cohen Financial Security Inc. decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 23,049 shares of the financial services provider's stock after selling 1,905 shares during the quarter. JPMorgan Chase & Co. makes up 1.7% of Butensky & Cohen Financial Security Inc.'s investment portfolio, making the stock its 12th largest position. Butensky & Cohen Financial Security Inc.'s holdings in JPMorgan Chase & Co. were worth $5,654,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Redwood Park Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $29,000. Curat Global LLC purchased a new position in JPMorgan Chase & Co. during the 1st quarter valued at about $33,000. Sellwood Investment Partners LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $34,000. Investment Counsel Co. of Nevada purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $37,000. Finally, Midwest Capital Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $43,000. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $265.81 on Friday. The business has a 50 day moving average of $247.68 and a 200 day moving average of $249.86. The company has a market capitalization of $738.71 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 2.83 and a beta of 1.08. JPMorgan Chase & Co. has a 1-year low of $190.88 and a 1-year high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

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

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be given a $1.40 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 2.11%. JPMorgan Chase & Co.'s payout ratio is 27.49%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the sale, the chief operating officer now owns 62,455 shares in the company, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the sale, the insider now owns 49,127 shares of the company's stock, valued at $12,130,438.84. The trade was a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,722 shares of company stock worth $25,599,477 in the last quarter. 0.47% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Evercore ISI reduced their target price on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. UBS Group lifted their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, April 17th. TD Cowen started coverage on JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a "buy" rating and a $305.00 price objective for the company. Finally, Truist Financial boosted their price objective on JPMorgan Chase & Co. from $270.00 to $280.00 and gave the stock a "hold" rating in a report on Monday, June 2nd. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of "Hold" and a consensus price target of $267.15.

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.

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