Fishman Jay A Ltd. MI Sells 12,871 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Fishman Jay A Ltd. MI lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,494 shares of the financial services provider's stock after selling 12,871 shares during the quarter. JPMorgan Chase & Co. accounts for about 4.2% of Fishman Jay A Ltd. MI's holdings, making the stock its 7th largest position. Fishman Jay A Ltd. MI's holdings in JPMorgan Chase & Co. were worth $38,878,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in JPM. Redwood Park Advisors LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $29,000. Curat Global LLC purchased a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $33,000. Sellwood Investment Partners LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $34,000. Investment Counsel Co. of Nevada purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $37,000. Finally, Midwest Capital Advisors LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $281.18 on Wednesday. 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 fifty day simple moving average of $258.21 and a 200 day simple moving average of $251.92. The company has a market cap of $781.42 billion, a P/E ratio of 13.80, a P/E/G ratio of 2.59 and a beta of 1.08. JPMorgan Chase & Co. has a 1 year low of $190.90 and a 1 year high of $282.72.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. JPMorgan Chase & Co.'s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.44 EPS. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 1.99%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,129 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.76, for a total value of $1,536,908.04. Following the completion of the sale, the chief operating officer now directly owns 68,583 shares of the company's stock, valued at $17,197,873.08. This represents a 8.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the completion of the sale, the general counsel now directly owns 36,520 shares of the company's stock, valued at approximately $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,200 shares of company stock valued at $18,060,015 in the last ninety days. Company insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of JPMorgan Chase & Co. from $236.00 to $240.00 and gave the company an "equal weight" rating in a research report on Monday. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company an "overweight" rating in a research report on Tuesday, June 10th. Piper Sandler reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Royal Bank Of Canada reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Finally, TD Cowen began coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 15th. They issued a "buy" rating and a $305.00 target price for the company. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $271.90.

JPMorgan Chase & Co. 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.

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