Castleview Partners LLC Has $445,000 Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Castleview Partners LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 58.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,815 shares of the financial services provider's stock after selling 2,597 shares during the period. Castleview Partners LLC's holdings in JPMorgan Chase & Co. were worth $445,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Rockline Wealth Management LLC grew its stake in JPMorgan Chase & Co. by 2.3% in the first quarter. Rockline Wealth Management LLC now owns 33,927 shares of the financial services provider's stock valued at $8,322,000 after acquiring an additional 749 shares during the period. Covea Finance bought a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $15,135,000. Carr Financial Group Corp raised its holdings in JPMorgan Chase & Co. by 7.3% during the 1st quarter. Carr Financial Group Corp now owns 6,057 shares of the financial services provider's stock worth $1,486,000 after buying an additional 413 shares during the period. Advisor Resource Council acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $8,611,000. Finally, Segment Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 23.0% in the first quarter. Segment Wealth Management LLC now owns 19,110 shares of the financial services provider's stock valued at $4,688,000 after buying an additional 3,576 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM traded down $1.45 during mid-day trading on Friday, reaching $287.31. The company's stock had a trading volume of 17,571,387 shares, compared to its average volume of 9,528,595. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $289.41. The stock has a market cap of $798.45 billion, a P/E ratio of 14.10, a PEG ratio of 2.64 and a beta of 1.08. The business has a 50-day simple moving average of $260.44 and a two-hundred day simple moving average of $252.45. 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 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 16.88% and a net margin of 21.21%. The business had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. During the same quarter in the prior year, the business earned $4.44 EPS. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on JPM shares. TD Securities restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Morgan Stanley increased their target price on JPMorgan Chase & Co. from $236.00 to $240.00 and gave the stock an "equal weight" rating in a report on Monday. Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company an "overweight" rating in a report on Tuesday, June 10th. UBS Group upped their price target on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Finally, Piper Sandler reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $273.15.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the transaction, the chief operating officer now directly owns 62,455 shares of the company's stock, valued at $16,392,563.85. This represents a 8.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Stacey Friedman sold 6,608 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $1,755,811.68. Following 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,200 shares of company stock worth $18,060,015. 0.47% of the stock is owned by insiders.

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.