Montchanin Asset Management LLC Has $6.31 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Montchanin Asset Management LLC cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,317 shares of the financial services provider's stock after selling 1,350 shares during the quarter. JPMorgan Chase & Co. comprises 6.1% of Montchanin Asset Management LLC's portfolio, making the stock its 5th biggest position. Montchanin Asset Management LLC's holdings in JPMorgan Chase & Co. were worth $6,308,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $1,266,000. Peak Retirement Planning Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $3,220,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $2,855,000. Ball & Co Wealth Management Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $199,000. Finally, Jupiter Wealth Management LLC increased its position in shares of JPMorgan Chase & Co. by 81.5% during the 4th quarter. Jupiter Wealth Management LLC now owns 1,042 shares of the financial services provider's stock valued at $250,000 after purchasing an additional 468 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 1.7%

Shares of JPM traded up $4.41 during trading hours on Tuesday, reaching $265.12. The stock had a trading volume of 7,497,238 shares, compared to its average volume of 10,732,358. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The firm has a 50-day simple moving average of $244.31 and a 200 day simple moving average of $248.58. JPMorgan Chase & Co. has a 12 month low of $190.88 and a 12 month high of $280.25. The company has a market capitalization of $736.79 billion, a price-to-earnings ratio of 13.43, a P/E/G ratio of 2.83 and a beta of 1.07.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. The company had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.44 EPS. Equities research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is 27.49%.

Insider Activity at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 6,608 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the completion of the transaction, the general counsel now owns 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the transaction, the insider now directly owns 49,127 shares of the company's stock, 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. In the last three months, insiders have sold 95,594 shares of company stock worth $23,991,061. Company insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on JPM. Morgan Stanley lifted their price target on JPMorgan Chase & Co. from $235.00 to $236.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 20th. KGI Securities began coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating on the stock. UBS Group lifted their price target on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Truist Financial set a $270.00 price target on JPMorgan Chase & Co. in a research report on Friday. Finally, Robert W. Baird lifted their target price on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a "neutral" rating in a report on Tuesday, May 20th. Eleven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and an average price target of $266.65.

JPMorgan Chase & Co. 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.