CGN Advisors LLC Reduces Stake in JPMorgan Chase & Co. (NYSE:JPM)

CGN Advisors LLC decreased its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 15.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,101 shares of the financial services provider's stock after selling 2,393 shares during the quarter. CGN Advisors LLC's holdings in JPMorgan Chase & Co. were worth $3,214,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. DDD Partners LLC raised its stake in JPMorgan Chase & Co. by 2.8% in the 4th quarter. DDD Partners LLC now owns 1,416 shares of the financial services provider's stock valued at $339,000 after acquiring an additional 38 shares during the period. Blue Bell Private Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 1.5% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider's stock valued at $622,000 after purchasing an additional 38 shares during the period. Yoder Wealth Management Inc. raised its position in shares of JPMorgan Chase & Co. by 2.8% in the fourth quarter. Yoder Wealth Management Inc. now owns 1,436 shares of the financial services provider's stock valued at $344,000 after purchasing an additional 39 shares during the period. Almanack Investment Partners LLC. lifted its stake in shares of JPMorgan Chase & Co. by 0.8% during the 4th quarter. Almanack Investment Partners LLC. now owns 5,143 shares of the financial services provider's stock valued at $1,233,000 after buying an additional 39 shares in the last quarter. Finally, Hurlow Wealth Management Group Inc. boosted its holdings in 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 buying an additional 40 shares during the period. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM traded down $1.89 during trading on Wednesday, hitting $264.38. 5,909,834 shares of the stock traded hands, compared to its average volume of 9,538,263. 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 company has a fifty day moving average price of $246.48 and a two-hundred day moving average price of $249.49. JPMorgan Chase & Co. has a 52-week low of $190.88 and a 52-week high of $280.25. The company has a market cap of $734.74 billion, a price-to-earnings ratio of 13.39, a P/E/G ratio of 2.83 and a beta of 1.08.

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

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. 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 2.12%. JPMorgan Chase & Co.'s payout ratio is currently 27.49%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the sale, the insider now owns 49,127 shares of the company's stock, valued at approximately $12,130,438.84. This represents a 2.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Stacey Friedman sold 2,821 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $749,567.91. Following the transaction, the general counsel now directly owns 68,757 shares in the company, valued at approximately $18,269,422.47. The trade was a 3.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,594 shares of company stock valued at $23,991,061 over the last quarter. 0.47% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on JPM shares. Wall Street Zen raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Bank of America lowered their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Royal Bank of Canada restated a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday. KGI Securities initiated coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a "hold" rating on the stock. Finally, Truist Financial lifted their price target on JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a "hold" rating in a research report on Monday. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $267.15.

JPMorgan Chase & Co. Company 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.