Investors Research Corp Sells 1,331 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Investors Research Corp trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 32.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,722 shares of the financial services provider's stock after selling 1,331 shares during the period. Investors Research Corp's holdings in JPMorgan Chase & Co. were worth $668,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Fourth Dimension Wealth LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $471,000. Disciplined Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $217,000. LGT Group Foundation boosted its stake in shares of JPMorgan Chase & Co. by 2.8% in the 4th quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock valued at $126,040,000 after purchasing an additional 14,300 shares in the last quarter. Kinsale Capital Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 11.1% in the 4th quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider's stock valued at $10,483,000 after purchasing an additional 4,375 shares in the last quarter. Finally, Jag Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 10.5% in the 4th quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 140 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

JPM has been the topic of a number of research analyst reports. 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. TD Securities raised their price target on shares of JPMorgan Chase & Co. from $305.00 to $315.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Piper Sandler reiterated an "overweight" rating and issued a $295.00 price objective (up previously from $260.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Finally, Morgan Stanley raised their price objective on shares of JPMorgan Chase & Co. from $235.00 to $236.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Eleven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $266.65.

JPMorgan Chase & Co. Trading Down 0.2%

JPMorgan Chase & Co. stock traded down $0.40 during mid-day trading on Friday, hitting $263.97. 10,976,619 shares of the stock were exchanged, compared to its average volume of 9,564,755. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12 month low of $190.88 and a 12 month high of $280.25. The firm's fifty day simple moving average is $245.86 and its two-hundred day simple moving average is $249.19. The stock has a market capitalization of $733.60 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 2.83 and a beta of 1.07.

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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. During the same quarter last year, the business earned $4.44 EPS. The company's revenue was up 8.0% compared to the same quarter last year. Analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 6,608 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $1,755,811.68. Following the completion of the sale, the general counsel now owns 36,520 shares in the company, valued at $9,703,729.20. The trade was a 15.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jennifer Piepszak sold 4,272 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 24th. The shares were sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the completion of the sale, the chief operating officer now owns 50,197 shares of the company's stock, valued at $12,400,164.91. This represents a 7.84% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,594 shares of company stock worth $23,991,061. 0.47% of the stock is currently owned by 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.