Interchange Capital Partners LLC Boosts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Interchange Capital Partners LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 22.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,949 shares of the financial services provider's stock after acquiring an additional 2,570 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.0% of Interchange Capital Partners LLC's investment portfolio, making the stock its 21st biggest holding. Interchange Capital Partners LLC's holdings in JPMorgan Chase & Co. were worth $3,422,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Abound Financial LLC acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth about $108,000. J Hagan Capital Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth about $347,000. Fullcircle Wealth LLC raised its position in shares of JPMorgan Chase & Co. by 9.3% during the 1st quarter. Fullcircle Wealth LLC now owns 9,318 shares of the financial services provider's stock worth $2,266,000 after purchasing an additional 795 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 38.5% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 89,773 shares of the financial services provider's stock worth $22,021,000 after purchasing an additional 24,965 shares during the last quarter. Finally, Richard Bernstein Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 109.4% during the 1st quarter. Richard Bernstein Advisors LLC now owns 56,524 shares of the financial services provider's stock worth $13,865,000 after purchasing an additional 29,529 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $286.78 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $796.99 billion, a P/E ratio of 14.08, a PEG ratio of 2.62 and a beta of 1.10. The company has a 50 day moving average price of $270.98 and a 200 day moving average price of $256.48. JPMorgan Chase & Co. has a fifty-two week low of $190.90 and a fifty-two week high of $296.40.

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 for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. The firm had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company posted $4.44 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business 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 dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.95%. JPMorgan Chase & Co.'s payout ratio is currently 27.49%.

Insider Activity at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the completion of the transaction, the director owned 91,539 shares of the company's stock, valued at approximately $22,884,750. This trade represents a 9.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jennifer Piepszak sold 6,129 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.76, for a total transaction of $1,536,908.04. Following the transaction, the chief operating officer directly owned 68,583 shares of the company's stock, valued at $17,197,873.08. The trade was a 8.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,200 shares of company stock worth $18,060,015. Company insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Truist Financial upped their price target on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Morgan Stanley set a $240.00 price objective on shares of JPMorgan Chase & Co. and gave the company an "equal weight" rating in a report on Monday, July 7th. Baird R W downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. Finally, TD Cowen initiated coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They issued a "buy" rating and a $305.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $284.42.

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.

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