Folger Nolan Fleming Douglas Capital Management Inc. Has $20.28 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Folger Nolan Fleming Douglas Capital Management Inc. lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,680 shares of the financial services provider's stock after selling 1,546 shares during the period. JPMorgan Chase & Co. comprises about 2.3% of Folger Nolan Fleming Douglas Capital Management Inc.'s portfolio, making the stock its 7th largest holding. Folger Nolan Fleming Douglas Capital Management Inc.'s holdings in JPMorgan Chase & Co. were worth $20,281,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Hilltop Wealth Advisors LLC grew its position in JPMorgan Chase & Co. by 12.6% in the first quarter. Hilltop Wealth Advisors LLC now owns 1,186 shares of the financial services provider's stock valued at $291,000 after purchasing an additional 133 shares in the last quarter. Schoolcraft Capital LLC grew its position in JPMorgan Chase & Co. by 13.3% in the first quarter. Schoolcraft Capital LLC now owns 2,987 shares of the financial services provider's stock valued at $733,000 after purchasing an additional 351 shares in the last quarter. Smithbridge Asset Management Inc. DE bought a new position in JPMorgan Chase & Co. in the first quarter valued at $11,418,000. Donald L. Hagan LLC grew its position in JPMorgan Chase & Co. by 2.4% in the first quarter. Donald L. Hagan LLC now owns 10,503 shares of the financial services provider's stock valued at $2,576,000 after purchasing an additional 244 shares in the last quarter. Finally, Osprey Private Wealth LLC grew its position in JPMorgan Chase & Co. by 22.0% in the first quarter. Osprey Private Wealth LLC now owns 34,975 shares of the financial services provider's stock valued at $8,579,000 after purchasing an additional 6,300 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $264.72 on Friday. JPMorgan Chase & Co. has a 52-week low of $190.90 and a 52-week high of $280.25. The stock has a market cap of $735.69 billion, a PE ratio of 13.41, a P/E/G ratio of 2.83 and a beta of 1.08. The firm has a 50-day moving average of $252.10 and a 200-day moving average of $250.57. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

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 analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same period last year, the firm earned $4.44 earnings per share. JPMorgan Chase & Co.'s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is 27.49%.

Insider Buying and Selling

In related news, COO Jennifer Piepszak sold 6,128 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the transaction, the chief operating officer now directly owns 62,455 shares of the company's stock, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 6,608 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the transaction, the general counsel now directly owns 36,520 shares in the company, valued at approximately $9,703,729.20. This represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,722 shares of company stock valued at $25,599,477. 0.47% of the stock is owned by company insiders.

Analyst Ratings Changes

JPM has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. UBS Group increased their price target on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Truist Financial increased their price target on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a "hold" rating in a research note on Monday, June 2nd. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, TD Securities reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and an average target price of $269.65.

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.

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