JPMorgan Chase & Co. (NYSE:JPM) Holdings Lowered by Berkshire Bank

Berkshire Bank trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,879 shares of the financial services provider's stock after selling 944 shares during the period. JPMorgan Chase & Co. comprises 2.3% of Berkshire Bank's holdings, making the stock its 10th largest position. Berkshire Bank's holdings in JPMorgan Chase & Co. were worth $9,292,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Capital & Planning LLC raised its position in shares of JPMorgan Chase & Co. by 13.3% in the fourth quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock worth $565,000 after acquiring an additional 276 shares during the period. Brighton Jones LLC increased its stake in shares of JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after purchasing an additional 4,841 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth about $66,088,000. SOA Wealth Advisors LLC. raised its holdings in JPMorgan Chase & Co. by 1.2% in the 4th quarter. SOA Wealth Advisors LLC. now owns 21,337 shares of the financial services provider's stock worth $5,115,000 after purchasing an additional 255 shares during the period. Finally, Paladin Wealth LLC boosted its position in JPMorgan Chase & Co. by 4.5% during the fourth quarter. Paladin Wealth LLC now owns 4,716 shares of the financial services provider's stock worth $1,130,000 after purchasing an additional 205 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 dated Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the completion of the sale, the chief operating officer now directly owns 62,455 shares in the company, valued at $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 6,608 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the completion of the sale, the general counsel now directly owns 36,520 shares in the company, valued at $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,722 shares of company stock worth $25,599,477 over the last quarter. 0.47% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $273.83 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. The company has a 50-day moving average price of $255.59 and a 200 day moving average price of $251.19. JPMorgan Chase & Co. has a 12-month low of $190.90 and a 12-month high of $280.25. The stock has a market cap of $760.98 billion, a P/E ratio of 13.44, a PEG ratio of 2.76 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. The business had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The business's revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $4.44 EPS. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be paid 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 2.05%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.49%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on JPM shares. Robert W. Baird boosted their price objective on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a "neutral" rating in a research report on Tuesday, May 20th. Wall Street Zen raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Royal Bank Of Canada reissued a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Piper Sandler restated a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Finally, TD Securities reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and an average target price of $271.70.

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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