JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Invictus Private Wealth LLC

Invictus Private Wealth LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,959 shares of the financial services provider's stock after selling 1,013 shares during the period. JPMorgan Chase & Co. accounts for about 1.1% of Invictus Private Wealth LLC's holdings, making the stock its 19th biggest position. Invictus Private Wealth LLC's holdings in JPMorgan Chase & Co. were worth $14,463,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth approximately $28,000. Redwood Park Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $29,000. Curat Global LLC purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth $33,000. Investment Counsel Co. of Nevada acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at $37,000. Finally, Measured Risk Portfolios Inc. acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Up 0.6%

Shares of NYSE JPM traded up $1.61 during midday trading on Friday, reaching $288.55. 6,633,369 shares of the company's stock were exchanged, compared to its average volume of 8,541,502. The stock has a market capitalization of $793.44 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 1.91 and a beta of 1.11. JPMorgan Chase & Co. has a 52-week low of $200.61 and a 52-week high of $301.29. The business's fifty day moving average price is $283.74 and its two-hundred day moving average price is $262.70. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.89 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. The company's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period last year, the firm earned $6.12 earnings per share. Analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 3rd were paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 28.73%.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the transaction, the chief operating officer directly owned 62,455 shares in the company, valued at $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Stacey Friedman sold 6,608 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 value of $1,755,811.68. Following the completion of the transaction, the general counsel owned 36,520 shares of the company's stock, valued at approximately $9,703,729.20. The trade was a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,557 shares of company stock valued at $4,113,796 over the last quarter. Insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

JPM has been the topic of a number of research analyst reports. Phillip Securities cut JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. Truist Financial raised their price objective on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a research report on Wednesday, July 9th. Piper Sandler reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. Royal Bank Of Canada set a $305.00 price objective on JPMorgan Chase & Co. and gave the company an "outperform" rating in a research report on Monday, June 30th. Finally, Keefe, Bruyette & Woods raised their price objective on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $288.68.

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.