JPMorgan Chase & Co. (NYSE:JPM) Holdings Trimmed by Audent Global Asset Management LLC

Audent Global Asset Management LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 8.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,213 shares of the financial services provider's stock after selling 1,043 shares during the period. JPMorgan Chase & Co. comprises approximately 2.3% of Audent Global Asset Management LLC's holdings, making the stock its 17th largest holding. Audent Global Asset Management LLC's holdings in JPMorgan Chase & Co. were worth $2,751,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Fourth Dimension Wealth LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $471,000. Crown Wealth Group LLC raised its position in shares of JPMorgan Chase & Co. by 5.4% during the 1st quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider's stock valued at $1,060,000 after acquiring an additional 222 shares in the last quarter. Disciplined Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at approximately $217,000. LGT Group Foundation raised its position in shares of JPMorgan Chase & Co. by 2.8% during the 4th quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock valued at $126,040,000 after acquiring an additional 14,300 shares in the last quarter. Finally, Hidden Cove Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 4.2% during the 1st quarter. Hidden Cove Wealth Management LLC now owns 2,758 shares of the financial services provider's stock valued at $677,000 after acquiring an additional 112 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at JPMorgan Chase & Co.

In related news, CFO Jeremy Barnum sold 40,014 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 18,017 shares of the company's stock, valued at $4,518,123.09. This trade represents a 68.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 6,608 shares of the firm's stock in a transaction dated 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 transaction, the general counsel directly owned 36,520 shares of the company's stock, valued at $9,703,729.20. This represents a 15.32% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,200 shares of company stock worth $18,060,015. Corporate insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on JPM shares. Citigroup set a $275.00 price target on JPMorgan Chase & Co. and gave the company a "buy" rating in a research report on Monday. HSBC reissued a "reduce" rating and set a $259.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday. KGI Securities started coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating on the stock. Piper Sandler reissued a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Finally, TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $280.45.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM traded up $4.98 on Thursday, hitting $288.14. The company's stock had a trading volume of 8,404,198 shares, compared to its average volume of 9,567,150. JPMorgan Chase & Co. has a 12 month low of $190.90 and a 12 month high of $296.40. The company has a market capitalization of $800.76 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 2.62 and a beta of 1.10. The stock's 50-day moving average is $269.48 and its two-hundred day moving average is $255.64. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89.

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 return on equity of 16.88% and a net margin of 21.21%. The company had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. During the same quarter in the prior year, the business posted $4.44 earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 1.94%. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

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.