Global Financial Private Client LLC Boosts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Global Financial Private Client LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 18.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,077 shares of the financial services provider's stock after acquiring an additional 1,693 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.0% of Global Financial Private Client LLC's holdings, making the stock its 16th biggest holding. Global Financial Private Client LLC's holdings in JPMorgan Chase & Co. were worth $2,717,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Parallel Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 0.7% during the first quarter. Parallel Advisors LLC now owns 130,397 shares of the financial services provider's stock worth $31,984,000 after acquiring an additional 881 shares in the last quarter. GoalVest Advisory LLC grew its holdings in shares of JPMorgan Chase & Co. by 9.0% in the first quarter. GoalVest Advisory LLC now owns 15,179 shares of the financial services provider's stock worth $3,723,000 after purchasing an additional 1,257 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of JPMorgan Chase & Co. by 25,861.9% in the first quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock worth $5,778,289,000 after purchasing an additional 23,465,278 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in shares of JPMorgan Chase & Co. by 3.6% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,537 shares of the financial services provider's stock worth $4,057,000 after purchasing an additional 574 shares during the last quarter. Finally, Quent Capital LLC grew its holdings in shares of JPMorgan Chase & Co. by 2.0% in the first quarter. Quent Capital LLC now owns 13,224 shares of the financial services provider's stock worth $3,244,000 after purchasing an additional 261 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Down 0.2%

JPMorgan Chase & Co. stock traded down $0.40 on Friday, hitting $263.97. 10,976,619 shares of the stock traded hands, compared to its average volume of 9,584,167. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The firm has a market cap of $733.60 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The business's fifty day simple moving average is $245.86 and its 200 day simple moving average is $249.13. JPMorgan Chase & Co. has a 1 year low of $190.88 and a 1 year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data 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 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 16.99% and a net margin of 20.96%. The company's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.44 earnings per share. As a group, sell-side analysts forecast 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. Shareholders of record on Thursday, July 3rd will be given a dividend of $1.40 per share. This represents a $5.60 annualized dividend 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 currently 27.49%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JPM. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Piper Sandler restated an "overweight" rating and issued a $295.00 target price (up previously from $260.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Truist Financial set a $270.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, May 23rd. Finally, Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $235.00 to $236.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 20th. Eleven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and a consensus target price of $266.65.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the transaction, the insider now owns 49,127 shares of the company's stock, valued at $12,130,438.84. The trade was a 2.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The stock was 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 directly owns 133,381 shares of the company's stock, valued at approximately $32,947,774.62. This represents a 15.78% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,594 shares of company stock valued at $23,991,061. 0.47% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Company 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.