Fifth Third Bancorp Sells 16,028 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Fifth Third Bancorp trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,184,979 shares of the financial services provider's stock after selling 16,028 shares during the quarter. JPMorgan Chase & Co. comprises 2.0% of Fifth Third Bancorp's portfolio, making the stock its 8th biggest holding. Fifth Third Bancorp owned 0.08% of JPMorgan Chase & Co. worth $535,975,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital & Planning LLC boosted its position in shares of JPMorgan Chase & Co. by 13.3% in the fourth quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock valued at $565,000 after acquiring an additional 276 shares during the period. Brighton Jones LLC raised its stake in JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after purchasing an additional 4,841 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in JPMorgan Chase & Co. during the 4th quarter valued at $66,088,000. Tectonic Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 4.4% in the 4th quarter. Tectonic Advisors LLC now owns 5,197 shares of the financial services provider's stock valued at $1,246,000 after purchasing an additional 218 shares during the period. Finally, Choreo LLC grew its position in JPMorgan Chase & Co. by 5.7% in the 4th quarter. Choreo LLC now owns 175,435 shares of the financial services provider's stock worth $42,012,000 after purchasing an additional 9,409 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the sale, the insider now directly owns 49,127 shares in the company, valued at approximately $12,130,438.84. This trade represents a 2.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jennifer Piepszak sold 6,128 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following the transaction, the chief operating officer now directly owns 62,455 shares in the company, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,722 shares of company stock valued at $25,599,477 over the last 90 days. 0.47% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on JPM shares. KGI Securities initiated coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating on the stock. Robert W. Baird lifted their price objective on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a "neutral" rating in a report on Tuesday, May 20th. Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company an "overweight" rating in a research note on Tuesday, June 10th. Truist Financial lifted their price target on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the stock a "hold" rating in a research note on Monday, June 2nd. Finally, TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $269.65.

JPMorgan Chase & Co. Stock Down 0.4%

Shares of JPMorgan Chase & Co. stock traded down $1.01 during trading on Tuesday, reaching $269.35. The stock had a trading volume of 6,737,769 shares, compared to its average volume of 9,521,210. The company has a market capitalization of $748.55 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 2.74 and a beta of 1.08. The stock has a fifty day moving average price of $253.87 and a two-hundred day moving average price of $250.84. JPMorgan Chase & Co. has a 52 week low of $190.90 and a 52 week high of $280.25. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced 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 return on equity of 16.88% and a net margin of 21.21%. The business had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same quarter last year, the firm earned $4.44 EPS. JPMorgan Chase & Co.'s revenue for the quarter was up 8.0% compared to the same quarter last year. Sell-side analysts predict 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. Stockholders of record on Thursday, July 3rd will be given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is presently 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.