JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by DT Investment Partners LLC

DT Investment Partners LLC lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,662 shares of the financial services provider's stock after selling 1,097 shares during the quarter. JPMorgan Chase & Co. accounts for 0.9% of DT Investment Partners LLC's portfolio, making the stock its 24th biggest holding. DT Investment Partners LLC's holdings in JPMorgan Chase & Co. were worth $9,729,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Fourth Dimension Wealth LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth $471,000. Crown Wealth Group LLC lifted its holdings in shares of JPMorgan Chase & Co. by 5.4% in the 1st quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider's stock worth $1,060,000 after buying an additional 222 shares during the period. Disciplined Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth $217,000. Hidden Cove Wealth Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 4.2% in the 1st quarter. Hidden Cove Wealth Management LLC now owns 2,758 shares of the financial services provider's stock worth $677,000 after buying an additional 112 shares during the period. Finally, Aaron Wealth Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 6.4% in the 1st quarter. Aaron Wealth Advisors LLC now owns 20,191 shares of the financial services provider's stock worth $4,953,000 after buying an additional 1,218 shares during the period. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Down 0.5%

JPM traded down $1.41 during mid-day trading on Friday, hitting $286.78. 7,378,197 shares of the stock were exchanged, compared to its average volume of 9,530,369. The firm's fifty day moving average is $270.98 and its two-hundred day moving average is $256.39. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $296.40. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. The company has a market cap of $796.99 billion, a PE ratio of 14.08, a PEG ratio of 2.62 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The firm had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same quarter in the prior year, the company earned $4.44 EPS. JPMorgan Chase & Co.'s revenue was up 8.0% on a year-over-year basis. Equities analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 1.95%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is 27.49%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Evercore ISI set a $298.00 target price on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, July 7th. UBS Group increased their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Piper Sandler reissued a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Morgan Stanley set a $240.00 price objective on JPMorgan Chase & Co. and gave the company an "equal weight" rating in a report on Monday, July 7th. Finally, Wells Fargo & Company restated an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Monday, July 7th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and an average price target of $284.42.

Insider Transactions at JPMorgan Chase & Co.

In related news, CFO Jeremy Barnum sold 40,014 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the transaction, the chief financial officer owned 18,017 shares of the company's stock, valued at approximately $4,518,123.09. This represents a 68.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $1,755,811.68. Following the completion of the sale, the general counsel directly owned 36,520 shares in the company, valued at $9,703,729.20. This represents a 15.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,200 shares of company stock worth $18,060,015 in the last 90 days. 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.