JPMorgan Chase & Co. (NYSE:JPM) Position Decreased by Financial Partners Group LLC

Financial Partners Group LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,925 shares of the financial services provider's stock after selling 1,125 shares during the period. JPMorgan Chase & Co. comprises about 5.0% of Financial Partners Group LLC's portfolio, making the stock its 3rd largest holding. Financial Partners Group LLC's holdings in JPMorgan Chase & Co. were worth $11,511,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Redwood Park Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $29,000. Curat Global LLC acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth $33,000. Sellwood Investment Partners LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth $34,000. Investment Counsel Co. of Nevada purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $43,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 0.3%

JPMorgan Chase & Co. stock traded up $0.78 during trading on Friday, hitting $274.74. The company had a trading volume of 13,904,171 shares, compared to its average volume of 9,544,419. The stock has a market cap of $763.52 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08. 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. has a 1-year low of $190.90 and a 1-year high of $280.25. The company's 50 day simple moving average is $256.36 and its 200-day simple moving average is $251.40.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the business posted $4.44 earnings per share. As a group, analysts expect 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 paid a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is 27.49%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.02, for a total value 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 $32,947,774.62. This trade represents a 15.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Jeremy Barnum sold 40,014 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total value of $10,034,310.78. Following the sale, the chief financial officer now directly owns 18,017 shares in the company, valued at $4,518,123.09. This represents a 68.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,722 shares of company stock worth $25,599,477. Corporate insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JPM. KGI Securities initiated coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating on the stock. Evercore ISI lowered their target price on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Bank of America upped their target price on JPMorgan Chase & Co. from $300.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Piper Sandler reissued a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Hold" and a consensus target price of $271.70.

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.