Cohen Investment Advisors LLC Buys 442,464 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Cohen Investment Advisors LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1,993.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 464,662 shares of the financial services provider's stock after buying an additional 442,464 shares during the quarter. JPMorgan Chase & Co. makes up about 3.0% of Cohen Investment Advisors LLC's investment portfolio, making the stock its 12th largest position. Cohen Investment Advisors LLC's holdings in JPMorgan Chase & Co. were worth $113,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. Joel Isaacson & Co. LLC boosted its stake in JPMorgan Chase & Co. by 4.2% in the first quarter. Joel Isaacson & Co. LLC now owns 51,603 shares of the financial services provider's stock worth $12,658,000 after purchasing an additional 2,099 shares in the last quarter. TBH Global Asset Management LLC boosted its stake in JPMorgan Chase & Co. by 105.1% in the first quarter. TBH Global Asset Management LLC now owns 21,849 shares of the financial services provider's stock worth $5,360,000 after purchasing an additional 11,197 shares in the last quarter. Convergence Financial LLC boosted its stake in JPMorgan Chase & Co. by 3.4% in the first quarter. Convergence Financial LLC now owns 15,458 shares of the financial services provider's stock worth $3,792,000 after purchasing an additional 508 shares in the last quarter. Guardian Asset Advisors LLC boosted its stake in JPMorgan Chase & Co. by 1.4% in the first quarter. Guardian Asset Advisors LLC now owns 4,897 shares of the financial services provider's stock worth $1,202,000 after purchasing an additional 69 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC boosted its stake in JPMorgan Chase & Co. by 16.3% in the first quarter. Capital Advisors Wealth Management LLC now owns 11,889 shares of the financial services provider's stock worth $2,916,000 after purchasing an additional 1,670 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Wall Street Analyst Weigh In

JPM has been the subject of a number of recent research reports. Robert W. Baird downgraded JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price for the company. in a research report on Friday, June 27th. Baird R W downgraded JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Friday, June 27th. Piper Sandler restated a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Citigroup restated a "neutral" rating and set a $275.00 target price (up previously from $250.00) on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 25th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $277.74.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock traded up $4.13 during trading hours on Friday, reaching $296.13. The company's stock had a trading volume of 6,541,646 shares, compared to its average volume of 9,527,821. The firm's 50 day simple moving average is $266.97 and its 200-day simple moving average is $254.56. The company has a market capitalization of $822.96 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 2.75 and a beta of 1.10. JPMorgan Chase & Co. has a fifty-two week low of $190.90 and a fifty-two week high of $296.40. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23.

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 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 firm had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter last year, the business posted $4.44 EPS. The company's revenue was up 8.0% compared to the same quarter last year. Sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed 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. This represents a $5.60 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.49%.

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the completion of the transaction, the director directly owned 91,539 shares of the company's stock, valued at $22,884,750. This trade represents a 9.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 2,821 shares of the firm's stock in a transaction on 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 directly owned 68,757 shares of the company's stock, valued at approximately $18,269,422.47. This represents a 3.94% decrease in their ownership of the stock. 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. Insiders own 0.47% of the company's stock.

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.