59,529 Shares in JPMorgan Chase & Co. (NYSE:JPM) Purchased by Cypress Asset Management Inc. TX

Cypress Asset Management Inc. TX acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 59,529 shares of the financial services provider's stock, valued at approximately $14,606,000. JPMorgan Chase & Co. accounts for approximately 3.6% of Cypress Asset Management Inc. TX's portfolio, making the stock its 7th largest position.

A number of other institutional investors also recently modified their holdings of JPM. DDD Partners LLC raised its position in shares of JPMorgan Chase & Co. by 2.8% in 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 in the last quarter. Blue Bell Private Wealth Management LLC raised its position in 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 last quarter. Rappaport Reiches Capital Management LLC grew its holdings in JPMorgan Chase & Co. by 3.8% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 1,068 shares of the financial services provider's stock worth $256,000 after acquiring an additional 39 shares during the last quarter. Yoder Wealth Management Inc. raised its position in shares of JPMorgan Chase & Co. by 2.8% during the fourth quarter. Yoder Wealth Management Inc. now owns 1,436 shares of the financial services provider's stock worth $344,000 after acquiring an additional 39 shares during the last quarter. Finally, Almanack Investment Partners LLC. increased its position in shares of JPMorgan Chase & Co. by 0.8% during the fourth quarter. Almanack Investment Partners LLC. now owns 5,143 shares of the financial services provider's stock worth $1,233,000 after buying an additional 39 shares during the period. Institutional investors own 71.55% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on JPM. UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Piper Sandler reaffirmed an "overweight" rating and set a $295.00 price target (up previously from $260.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Robert W. Baird raised their target price on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a "neutral" rating in a research note on Tuesday, May 20th. TD Securities increased their price objective on shares of JPMorgan Chase & Co. from $305.00 to $315.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Finally, Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Eleven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $266.65.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 25,000 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.02, for a total value of $6,175,500.00. Following the completion of the sale, the chief executive officer now owns 133,381 shares in the company, valued at approximately $32,947,774.62. This trade represents a 15.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jennifer Piepszak sold 4,272 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.03, for a total value of $1,055,312.16. Following the completion of the transaction, the chief operating officer now owns 50,197 shares of the company's stock, valued at approximately $12,400,164.91. The trade was a 7.84% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,594 shares of company stock valued at $23,991,061. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

Shares of JPM traded up $0.38 during midday trading on Thursday, reaching $263.87. 2,464,454 shares of the stock were exchanged, compared to its average volume of 9,543,710. The stock's 50 day simple moving average is $245.28 and its 200 day simple moving average is $248.79. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a twelve month low of $190.88 and a twelve month high of $280.25. The company has a market cap of $733.32 billion, a P/E ratio of 13.36, a PEG ratio of 2.83 and a beta of 1.07.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. 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 previous year, the company earned $4.44 EPS. JPMorgan Chase & Co.'s quarterly revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

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.