JPMorgan Chase & Co. (NYSE:JPM) Holdings Lowered by Perennial Advisors LLC

Perennial Advisors LLC lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,122 shares of the financial services provider's stock after selling 1,047 shares during the period. JPMorgan Chase & Co. accounts for 2.7% of Perennial Advisors LLC's investment portfolio, making the stock its 9th largest position. Perennial Advisors LLC's holdings in JPMorgan Chase & Co. were worth $13,767,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Eagle Wealth Strategies LLC lifted its holdings in JPMorgan Chase & Co. by 2.2% during the 1st quarter. Eagle Wealth Strategies LLC now owns 9,180 shares of the financial services provider's stock worth $2,252,000 after purchasing an additional 199 shares in the last quarter. LexAurum Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 1.7% during the 1st quarter. LexAurum Advisors LLC now owns 8,895 shares of the financial services provider's stock worth $2,182,000 after purchasing an additional 151 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in JPMorgan Chase & Co. by 7.8% during the 1st quarter. Sivia Capital Partners LLC now owns 7,243 shares of the financial services provider's stock worth $1,777,000 after purchasing an additional 527 shares in the last quarter. Perkins Coie Trust Co lifted its holdings in JPMorgan Chase & Co. by 2.2% during the 1st quarter. Perkins Coie Trust Co now owns 23,011 shares of the financial services provider's stock worth $5,645,000 after purchasing an additional 486 shares in the last quarter. Finally, Piscataqua Savings Bank lifted its holdings in JPMorgan Chase & Co. by 3.3% during the 1st quarter. Piscataqua Savings Bank now owns 19,247 shares of the financial services provider's stock worth $4,721,000 after purchasing an additional 611 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on JPM shares. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. KGI Securities initiated coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating for the company. Piper Sandler reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Bank of America dropped their price target on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Finally, TD Securities reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $267.15.

JPMorgan Chase & Co. Price Performance

JPM opened at $265.81 on Friday. The stock's 50 day simple moving average is $247.68 and its 200 day simple moving average is $249.92. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 1 year low of $190.88 and a 1 year high of $280.25. The firm has a market cap of $738.71 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 2.83 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted 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 16.99% and a net margin of 20.96%. The business had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same period last year, the company earned $4.44 EPS. JPMorgan Chase & Co.'s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 2.11%. JPMorgan Chase & Co.'s payout ratio is 27.49%.

Insider Buying and Selling

In other news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the sale, the insider now directly owns 49,127 shares in the company, valued at approximately $12,130,438.84. This trade represents a 2.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the chief operating officer now owns 62,455 shares in the company, valued at approximately $16,392,563.85. This represents a 8.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,722 shares of company stock worth $25,599,477 in the last ninety days. 0.47% of the stock is owned by insiders.

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.

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