Cooke & Bieler LP Decreases Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Cooke & Bieler LP reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 22.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 177,028 shares of the financial services provider's stock after selling 52,158 shares during the quarter. Cooke & Bieler LP's holdings in JPMorgan Chase & Co. were worth $43,425,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Fortis Group Advisors LLC raised its holdings in JPMorgan Chase & Co. by 522.8% in the 1st quarter. Fortis Group Advisors LLC now owns 7,567 shares of the financial services provider's stock worth $1,856,000 after acquiring an additional 6,352 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in JPMorgan Chase & Co. by 1.5% in the 1st quarter. Kingsview Wealth Management LLC now owns 124,173 shares of the financial services provider's stock worth $30,460,000 after acquiring an additional 1,795 shares during the last quarter. Members Trust Co raised its holdings in JPMorgan Chase & Co. by 21.6% in the 1st quarter. Members Trust Co now owns 9,629 shares of the financial services provider's stock worth $2,362,000 after acquiring an additional 1,710 shares during the last quarter. Frederick Financial Consultants LLC raised its holdings in JPMorgan Chase & Co. by 23.1% in the 1st quarter. Frederick Financial Consultants LLC now owns 1,379 shares of the financial services provider's stock worth $338,000 after acquiring an additional 259 shares during the last quarter. Finally, Bailard Inc. raised its holdings in JPMorgan Chase & Co. by 4.1% in the 1st quarter. Bailard Inc. now owns 150,787 shares of the financial services provider's stock worth $36,988,000 after acquiring an additional 5,921 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JPM. Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. Phillip Securities lowered shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. Wells Fargo & Company lifted their target price on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Robert W. Baird downgraded shares of 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. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $288.68.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the business's stock in a transaction on 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 sale, the chief operating officer owned 62,455 shares in the company, valued at $16,392,563.85. The trade was a 8.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 2,821 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $749,567.91. Following the completion of the sale, the general counsel owned 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 have sold 71,200 shares of company stock worth $18,060,015 in the last quarter. 0.47% of the stock is owned by company insiders.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock traded up $1.91 during mid-day trading on Friday, hitting $298.46. The stock had a trading volume of 5,918,228 shares, compared to its average volume of 9,347,400. The firm has a market capitalization of $829.45 billion, a P/E ratio of 15.31, a P/E/G ratio of 2.02 and a beta of 1.10. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.25. The firm's 50 day moving average is $277.68 and its 200 day moving average is $259.88. JPMorgan Chase & Co. has a one year low of $190.90 and a one year high of $299.59.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping the consensus estimate of $4.48 by $0.48. The company had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. JPMorgan Chase & Co.'s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.12 EPS. On average, sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be paid a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 1.88%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is currently 28.73%.

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.