Foresight Capital Management Advisors Inc. Acquires Shares of 1,773 JPMorgan Chase & Co. (NYSE:JPM)

Foresight Capital Management Advisors Inc. acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,773 shares of the financial services provider's stock, valued at approximately $435,000.

Other hedge funds have also recently made changes to their positions in the company. Capital & Planning LLC raised its stake in JPMorgan Chase & Co. by 13.3% during the 4th quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock worth $565,000 after acquiring an additional 276 shares in the last quarter. 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 worth $11,682,000 after acquiring an additional 4,841 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth $66,088,000. Cassia Capital Partners LLC raised its stake in JPMorgan Chase & Co. by 21.0% during the 4th quarter. Cassia Capital Partners LLC now owns 5,388 shares of the financial services provider's stock worth $1,292,000 after acquiring an additional 935 shares in the last quarter. Finally, Fusion Family Wealth LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth $233,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 4,272 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.03, for a total value of $1,055,312.16. Following the transaction, the chief operating officer now owns 50,197 shares of the company's stock, valued at approximately $12,400,164.91. This represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jeremy Barnum sold 40,014 shares of the stock in a transaction that occurred 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. Insiders have sold a total of 101,722 shares of company stock valued at $25,599,477 over the last three months. 0.47% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Stock Down 1.3%

Shares of NYSE JPM traded down $3.52 during mid-day trading on Friday, reaching $264.72. The company had a trading volume of 7,095,259 shares, compared to its average volume of 9,522,387. 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. has a twelve month low of $190.90 and a twelve month high of $280.25. The stock's 50 day moving average is $252.10 and its 200-day moving average is $250.56. The stock has a market capitalization of $735.69 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly 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. The firm had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.44 earnings per share. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. 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. Royal Bank of Canada reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Evercore ISI cut their price target on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Morgan Stanley restated an "equal weight" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Finally, KGI Securities began coverage on shares of JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a "hold" rating on the stock. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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.