Castleview Partners LLC Sells 2,597 Shares of JPMorgan Chase & Co. (NYSE:JPM)

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

A number of other hedge funds also recently made changes to their positions in JPM. DDD Partners LLC lifted its position in JPMorgan Chase & Co. by 2.8% during the fourth quarter. DDD Partners LLC now owns 1,416 shares of the financial services provider's stock valued at $339,000 after buying an additional 38 shares during the period. Blue Bell Private Wealth Management LLC grew its position in shares of JPMorgan Chase & Co. by 1.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider's stock worth $622,000 after buying an additional 38 shares during the period. Hurlow Wealth Management Group Inc. increased its stake in shares of JPMorgan Chase & Co. by 0.7% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 5,538 shares of the financial services provider's stock worth $1,328,000 after acquiring an additional 40 shares in the last quarter. Wimmer Associates 1 LLC lifted its position in JPMorgan Chase & Co. by 1.0% during the 4th quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider's stock valued at $986,000 after acquiring an additional 40 shares during the period. Finally, Twin Lakes Capital Management LLC lifted its position in JPMorgan Chase & Co. by 0.3% during the 4th quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider's stock valued at $3,340,000 after acquiring an additional 40 shares during the period. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock traded up $2.88 during trading hours on Wednesday, reaching $284.14. The company had a trading volume of 6,825,385 shares, compared to its average volume of 9,491,678. The business has a fifty day moving average price of $259.29 and a 200-day moving average price of $252.14. JPMorgan Chase & Co. has a one year low of $190.90 and a one year high of $284.47. The firm has a market cap of $789.65 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89.

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

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be paid a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.97%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,821 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $749,567.91. Following the transaction, the general counsel now directly owns 68,757 shares of the company's stock, valued at approximately $18,269,422.47. This trade represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $250.00, for a total value of $2,375,000.00. Following the sale, the director now owns 91,539 shares of the company's stock, valued at approximately $22,884,750. This represents a 9.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,200 shares of company stock valued at $18,060,015 over the last 90 days. Company insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on JPM shares. Truist Financial upped their price objective on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the stock a "hold" rating in a report on Monday, June 2nd. Evercore ISI cut their price target on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Piper Sandler reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Finally, UBS Group increased their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Thirteen equities 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, the stock currently has an average rating of "Hold" and a consensus target price of $271.90.

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.