JPMorgan Chase & Co. (NYSE:JPM) is Ferguson Wellman Capital Management Inc.'s 5th Largest Position

Ferguson Wellman Capital Management Inc. lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 774,578 shares of the financial services provider's stock after acquiring an additional 9,628 shares during the quarter. JPMorgan Chase & Co. makes up approximately 3.7% of Ferguson Wellman Capital Management Inc.'s portfolio, making the stock its 5th biggest position. Ferguson Wellman Capital Management Inc.'s holdings in JPMorgan Chase & Co. were worth $190,004,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Defined Financial Planning LLC boosted its position in JPMorgan Chase & Co. by 13.9% during the 1st quarter. Defined Financial Planning LLC now owns 1,362 shares of the financial services provider's stock worth $332,000 after buying an additional 166 shares during the period. Kelly Financial Services LLC raised its stake in shares of JPMorgan Chase & Co. by 8.7% during the first quarter. Kelly Financial Services LLC now owns 2,112 shares of the financial services provider's stock valued at $518,000 after acquiring an additional 169 shares during the last quarter. Members Wealth LLC raised its stake in shares of JPMorgan Chase & Co. by 9.6% during the first quarter. Members Wealth LLC now owns 929 shares of the financial services provider's stock valued at $228,000 after acquiring an additional 81 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in shares of JPMorgan Chase & Co. by 61.0% during the first quarter. GPS Wealth Strategies Group LLC now owns 7,173 shares of the financial services provider's stock worth $1,760,000 after purchasing an additional 2,718 shares during the period. Finally, Simon Quick Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 20.0% in the first quarter. Simon Quick Advisors LLC now owns 30,882 shares of the financial services provider's stock worth $7,575,000 after purchasing an additional 5,155 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Down 0.4%

Shares of NYSE JPM traded down $1.01 during mid-day trading on Tuesday, reaching $269.35. 6,737,769 shares of the company's stock traded hands, compared to its average volume of 9,521,210. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.89. The business has a 50-day simple moving average of $253.87 and a 200 day simple moving average of $250.84. The stock has a market cap of $748.55 billion, a P/E ratio of 13.22, a PEG ratio of 2.74 and a beta of 1.08. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $280.25.

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 for the quarter, beating the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $4.44 EPS. On average, analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.08%. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of analyst reports. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. UBS Group lifted their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Truist Financial increased their target price on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a "hold" rating in a research report on Monday, June 2nd. Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an "overweight" rating in a report on Tuesday, June 10th. Finally, KGI Securities assumed coverage on shares of JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a "hold" rating on the stock. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $269.65.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,272 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $247.03, for a total value of $1,055,312.16. Following the completion of the sale, the chief operating officer now owns 50,197 shares in the company, valued at approximately $12,400,164.91. This trade represents a 7.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the business's 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 completion of the transaction, the insider now owns 49,127 shares in the company, valued at $12,130,438.84. The trade was a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,722 shares of company stock valued at $25,599,477 over the last 90 days. Insiders own 0.47% of the company's stock.

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.