Cypress Asset Management Inc. TX Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

Cypress Asset Management Inc. TX bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 59,529 shares of the financial services provider's stock, valued at approximately $14,606,000. JPMorgan Chase & Co. accounts for about 3.6% of Cypress Asset Management Inc. TX's holdings, making the stock its 7th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $1,176,000. United Advisor Group LLC grew its holdings in JPMorgan Chase & Co. by 0.9% during the 4th quarter. United Advisor Group LLC now owns 18,561 shares of the financial services provider's stock worth $4,449,000 after acquiring an additional 162 shares in the last quarter. Sunbeam Capital Management LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $1,976,000. Challenger Wealth Management acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $943,000. Finally, Ascent Group LLC grew its holdings in JPMorgan Chase & Co. by 6.4% during the 4th quarter. Ascent Group LLC now owns 62,888 shares of the financial services provider's stock worth $15,075,000 after acquiring an additional 3,761 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,608 shares of the firm'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 $1,755,811.68. Following the sale, the general counsel now directly owns 36,520 shares of the company's stock, valued at $9,703,729.20. This trade represents a 15.32% decrease in their position. The transaction 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 firm's stock in a transaction dated 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 directly owns 49,127 shares in the company, valued at $12,130,438.84. This represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,594 shares of company stock valued at $23,991,061. Insiders own 0.47% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on JPM shares. UBS Group upped their target price 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. Truist Financial set a $270.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, May 23rd. Bank of America lowered their target price on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Royal Bank of Canada reiterated an "outperform" rating and issued a $285.00 price target (up previously from $255.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Finally, KGI Securities initiated coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They issued a "hold" rating for the company. Eleven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $266.65.

JPMorgan Chase & Co. Price Performance

Shares of JPM traded down $1.83 during trading hours on Wednesday, reaching $263.46. The company had a trading volume of 5,524,072 shares, compared to its average volume of 9,561,080. The company has a market capitalization of $732.18 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a 12-month low of $190.88 and a 12-month high of $280.25. The firm has a 50 day simple moving average of $244.84 and a 200-day simple moving average of $248.69. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

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

JPMorgan Chase & Co. Announces Dividend

The firm 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. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 2.13%. JPMorgan Chase & Co.'s payout ratio is 27.49%.

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.