JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 12.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,847 shares of the financial services provider's stock after purchasing an additional 4,814 shares during the quarter. JPMorgan Chase & Co. comprises about 2.2% of Contravisory Investment Management Inc.'s portfolio, making the stock its 6th biggest holding. Contravisory Investment Management Inc.'s holdings in JPMorgan Chase & Co. were worth $10,510,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Fourth Dimension Wealth LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $471,000. Disciplined Investments LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $217,000. LGT Group Foundation increased its holdings in shares of JPMorgan Chase & Co. by 2.8% during the 4th quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock worth $126,040,000 after acquiring an additional 14,300 shares during the last quarter. Kinsale Capital Group Inc. raised its stake in JPMorgan Chase & Co. by 11.1% in the 4th quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider's stock valued at $10,483,000 after acquiring an additional 4,375 shares during the period. Finally, Jag Capital Management LLC lifted its holdings in JPMorgan Chase & Co. by 10.5% during the 4th quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

In other news, CEO Troy L. Rohrbaugh sold 25,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.02, for a total value of $6,175,500.00. Following the transaction, the chief executive officer now owns 133,381 shares in the company, valued at approximately $32,947,774.62. The trade was a 15.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the sale, the insider now owns 49,127 shares of the company's stock, valued at approximately $12,130,438.84. This trade represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,594 shares of company stock worth $23,991,061 over the last ninety days. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Down 0.9%

Shares of JPMorgan Chase & Co. stock traded down $2.44 during trading on Thursday, hitting $261.78. The company's stock had a trading volume of 8,165,672 shares, compared to its average volume of 9,543,601. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 52 week low of $190.88 and a 52 week high of $280.25. The stock has a market cap of $727.52 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08. The stock has a 50-day moving average price of $246.91 and a two-hundred day moving average price of $249.59.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. The firm had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.44 EPS. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS 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. Investors of record on Thursday, July 3rd will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Wall Street Analyst Weigh In

Several equities analysts have commented on JPM shares. UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Royal Bank of Canada reissued a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday. TD Cowen began coverage on JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a "buy" rating and a $305.00 target price for the company. Bank of America reduced their price target 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. Finally, 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 research report on Monday. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of "Hold" and an average target price of $267.15.

About JPMorgan Chase & Co.

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.