Daymark Wealth Partners LLC Sells 1,911 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Daymark Wealth Partners LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 350,529 shares of the financial services provider's stock after selling 1,911 shares during the period. JPMorgan Chase & Co. makes up about 2.9% of Daymark Wealth Partners LLC's holdings, making the stock its 5th biggest position. Daymark Wealth Partners LLC's holdings in JPMorgan Chase & Co. were worth $85,985,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JPM. Geode Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 59,220,603 shares of the financial services provider's stock valued at $14,161,171,000 after buying an additional 876,417 shares in the last quarter. Norges Bank purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $8,310,884,000. Northern Trust Corp lifted its holdings in JPMorgan Chase & Co. by 15.4% in the 4th quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock valued at $8,113,147,000 after purchasing an additional 4,515,147 shares in the last quarter. GAMMA Investing LLC boosted its position in JPMorgan Chase & Co. by 25,861.9% during the first quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock worth $5,778,289,000 after acquiring an additional 23,465,278 shares during the last quarter. Finally, Capital Research Global Investors grew its position in shares of JPMorgan Chase & Co. by 9.1% in the fourth quarter. Capital Research Global Investors now owns 22,841,033 shares of the financial services provider's stock valued at $5,475,223,000 after purchasing an additional 1,914,049 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In related news, CEO Troy L. Rohrbaugh sold 25,000 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the completion of the transaction, the chief executive officer now owns 133,381 shares of the company's stock, valued at approximately $32,947,774.62. The trade was a 15.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the chief operating officer now directly owns 50,197 shares in the company, valued at $12,400,164.91. This trade represents a 7.84% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,722 shares of company stock worth $25,599,477. 0.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. TD Cowen started coverage on JPMorgan Chase & Co. in a report on Thursday, May 15th. They issued a "buy" rating and a $305.00 price objective on the stock. Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an "overweight" rating in a research report on Tuesday. UBS Group boosted their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Finally, Bank of America cut their price target on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $269.65.

JPMorgan Chase & Co. Stock Up 0.7%

Shares of JPM stock traded up $1.89 during trading on Tuesday, hitting $268.63. 7,535,215 shares of the company were exchanged, compared to its average volume of 9,546,167. The business's 50-day simple moving average is $248.09 and its 200 day simple moving average is $250.08. JPMorgan Chase & Co. has a twelve month low of $190.88 and a twelve month high of $280.25. The firm has a market capitalization of $746.54 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 2.83 and a beta of 1.08. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

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, topping the consensus estimate of $4.63 by $0.44. The company had revenue of $45.30 billion for the quarter, compared to analyst estimates 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 revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.44 EPS. As a group, analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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 issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

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.