JPMorgan Chase & Co. $JPM is Dimensional Fund Advisors LP's 6th Largest Position

Dimensional Fund Advisors LP lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,098,773 shares of the financial services provider's stock after selling 1,193,576 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.2% of Dimensional Fund Advisors LP's holdings, making the stock its 6th biggest position. Dimensional Fund Advisors LP owned 0.72% of JPMorgan Chase & Co. worth $4,929,517,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Providence Capital Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 1.0% during the 1st quarter. Providence Capital Advisors LLC now owns 43,235 shares of the financial services provider's stock valued at $10,606,000 after buying an additional 419 shares during the last quarter. Fox Run Management L.L.C. grew its position in shares of JPMorgan Chase & Co. by 265.2% during the 1st quarter. Fox Run Management L.L.C. now owns 5,390 shares of the financial services provider's stock valued at $1,322,000 after buying an additional 3,914 shares during the last quarter. KLCM Advisors Inc. grew its position in JPMorgan Chase & Co. by 8.3% in the 1st quarter. KLCM Advisors Inc. now owns 15,834 shares of the financial services provider's stock worth $3,884,000 after purchasing an additional 1,211 shares during the last quarter. Inspire Trust Co. N.A. grew its position in JPMorgan Chase & Co. by 31.6% in the 1st quarter. Inspire Trust Co. N.A. now owns 25,000 shares of the financial services provider's stock worth $6,132,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. grew its position in JPMorgan Chase & Co. by 13.4% in the 1st quarter. Cookson Peirce & Co. Inc. now owns 11,665 shares of the financial services provider's stock worth $2,862,000 after purchasing an additional 1,379 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

JPM stock traded up $1.2850 on Wednesday, hitting $291.9450. 4,109,579 shares of the company's stock traded hands, compared to its average volume of 9,845,038. JPMorgan Chase & Co. has a 1-year low of $200.61 and a 1-year high of $301.29. The stock has a market cap of $802.78 billion, a price-to-earnings ratio of 14.98, a P/E/G ratio of 1.94 and a beta of 1.11. The stock has a fifty day moving average of $287.35 and a 200-day moving average of $263.91. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same period in the prior year, the business earned $6.12 earnings per share. The business's quarterly revenue was down 10.5% on a year-over-year basis. On average, analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Analysts Set New Price Targets

JPM has been the subject of several recent analyst reports. Morgan Stanley upped their target price on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Evercore ISI set a $298.00 target price on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research report on Monday, July 7th. Truist Financial upped their target price on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research report on Wednesday, July 9th. HSBC restated a "reduce" rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and an average price target of $288.68.

Insider Activity at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 6,128 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief operating officer owned 62,455 shares in the company, valued at approximately $16,392,563.85. This represents a 8.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.47% of the company's stock.

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.