Castlekeep Investment Advisors LLC Takes $1.27 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Castlekeep Investment Advisors LLC purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 5,283 shares of the financial services provider's stock, valued at approximately $1,266,000.

A number of other institutional investors have also modified their holdings of the business. JPMorgan Chase & Co. grew its position in JPMorgan Chase & Co. by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock worth $938,491,000 after purchasing an additional 319,730 shares during the last quarter. Regent Peak Wealth Advisors LLC grew its holdings in JPMorgan Chase & Co. by 2.3% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 6,517 shares of the financial services provider's stock worth $1,562,000 after buying an additional 148 shares in the last quarter. Capital & Planning LLC increased its position in JPMorgan Chase & Co. by 13.3% in the 4th quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock valued at $565,000 after acquiring an additional 276 shares during the period. DLK Investment Management LLC raised its stake in JPMorgan Chase & Co. by 1.1% during the 4th quarter. DLK Investment Management LLC now owns 38,293 shares of the financial services provider's stock valued at $9,179,000 after acquiring an additional 410 shares in the last quarter. Finally, Lee Johnson Capital Management LLC boosted its position in JPMorgan Chase & Co. by 1.6% during the 4th quarter. Lee Johnson Capital Management LLC now owns 19,228 shares of the financial services provider's stock worth $4,609,000 after acquiring an additional 310 shares during the period. Institutional investors own 71.55% of the company's stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of the firm'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. This trade represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.02, for a total value of $6,175,500.00. Following the sale, the chief executive officer now owns 133,381 shares of the company's stock, valued at approximately $32,947,774.62. The trade was a 15.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,594 shares of company stock worth $23,991,061. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Price Performance

JPM traded down $1.04 during midday trading on Wednesday, reaching $264.25. 2,296,675 shares of the company's stock were exchanged, compared to its average volume of 9,548,590. JPMorgan Chase & Co. has a one year low of $190.88 and a one year high of $280.25. The firm has a market capitalization of $734.39 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The business has a 50-day simple moving average of $244.84 and a two-hundred day simple moving average of $248.69. 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 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $43.62 billion. During the same period in the previous year, the business earned $4.44 earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared 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 is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 2.12%. JPMorgan Chase & Co.'s dividend payout ratio is 27.49%.

Analyst Ratings Changes

A number of brokerages recently weighed in on JPM. KGI Securities began coverage on shares of JPMorgan Chase & Co. in a research note on Sunday, April 13th. They set a "hold" rating on the stock. Bank of America reduced 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. UBS Group raised their price objective on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Piper Sandler restated an "overweight" rating and issued a $295.00 target price (up from $260.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $285.00 price target (up from $255.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and an average price target of $266.65.

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.