GAM Holding AG Has $14.48 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

GAM Holding AG lessened its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 34.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,044 shares of the financial services provider's stock after selling 31,667 shares during the period. JPMorgan Chase & Co. comprises 1.1% of GAM Holding AG's portfolio, making the stock its 21st biggest holding. GAM Holding AG's holdings in JPMorgan Chase & Co. were worth $14,483,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth $8,310,884,000. GAMMA Investing LLC boosted its position in shares of JPMorgan Chase & Co. by 25,861.9% during the 1st quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock valued at $5,778,289,000 after acquiring an additional 23,465,278 shares in the last quarter. Northern Trust Corp increased its stake in JPMorgan Chase & Co. by 15.4% in the fourth quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock valued at $8,113,147,000 after acquiring an additional 4,515,147 shares during the period. Proficio Capital Partners LLC raised its position in JPMorgan Chase & Co. by 34,259.3% in the fourth quarter. Proficio Capital Partners LLC now owns 3,499,499 shares of the financial services provider's stock worth $838,865,000 after purchasing an additional 3,489,314 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in JPMorgan Chase & Co. by 31.4% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,684,810 shares of the financial services provider's stock worth $2,561,256,000 after purchasing an additional 2,551,899 shares during the period. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Trading Up 1.0%

JPM stock traded up $2.88 during trading on Wednesday, hitting $284.14. The company had a trading volume of 6,825,385 shares, compared to its average volume of 9,491,678. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. The firm has a 50-day moving average price of $259.29 and a 200-day moving average price of $252.14. JPMorgan Chase & Co. has a 12 month low of $190.90 and a 12 month high of $284.47. The stock has a market cap of $789.65 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 2.63 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.63 by $0.44. The company had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $4.44 EPS. As a group, analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be given a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 1.97%. JPMorgan Chase & Co.'s payout ratio is 27.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on JPM shares. Piper Sandler reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. KGI Securities started coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a "hold" rating on the stock. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $236.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Monday. Truist Financial lifted their price objective on JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a "hold" rating in a report on Monday, June 2nd. Finally, Royal Bank Of Canada reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and a consensus price target of $271.90.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 2,821 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $749,567.91. Following the completion of the sale, the general counsel now owns 68,757 shares in the company, valued at $18,269,422.47. The trade was a 3.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeremy Barnum sold 40,014 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the sale, the chief financial officer now directly owns 18,017 shares of the company's stock, valued at approximately $4,518,123.09. This trade represents a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 71,200 shares of company stock valued at $18,060,015. 0.47% of the stock is currently owned by insiders.

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.