Stockman Wealth Management Inc. lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,167 shares of the financial services provider's stock after selling 2,933 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.6% of Stockman Wealth Management Inc.'s portfolio, making the stock its 9th largest position. Stockman Wealth Management Inc.'s holdings in JPMorgan Chase & Co. were worth $17,703,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. QRG Capital Management Inc. lifted its holdings in JPMorgan Chase & Co. by 4.0% during the 1st quarter. QRG Capital Management Inc. now owns 522,491 shares of the financial services provider's stock valued at $128,167,000 after buying an additional 19,925 shares in the last quarter. Avid Wealth Partners LLC lifted its holdings in JPMorgan Chase & Co. by 22.2% during the 1st quarter. Avid Wealth Partners LLC now owns 1,453 shares of the financial services provider's stock valued at $356,000 after buying an additional 264 shares in the last quarter. Sentry LLC lifted its holdings in JPMorgan Chase & Co. by 3.4% during the 1st quarter. Sentry LLC now owns 6,101 shares of the financial services provider's stock valued at $1,497,000 after buying an additional 200 shares in the last quarter. Highline Wealth Partners LLC lifted its holdings in JPMorgan Chase & Co. by 6.7% during the 1st quarter. Highline Wealth Partners LLC now owns 13,983 shares of the financial services provider's stock valued at $3,430,000 after buying an additional 884 shares in the last quarter. Finally, Sagespring Wealth Partners LLC lifted its holdings in JPMorgan Chase & Co. by 8.0% during the 1st quarter. Sagespring Wealth Partners LLC now owns 66,911 shares of the financial services provider's stock valued at $16,413,000 after buying an additional 4,968 shares in the last quarter. Institutional investors own 71.55% of the company's stock.
Insider Transactions at JPMorgan Chase & Co.
In other news, COO Jennifer Piepszak sold 6,128 shares of the company's stock in a transaction on 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 owns 62,455 shares of the company's stock, valued at $16,392,563.85. This represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the sale, the chief executive officer now directly owns 133,381 shares of the company's stock, valued at $32,947,774.62. The trade was a 15.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,722 shares of company stock valued at $25,599,477 over the last 90 days. 0.47% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
JPM has been the subject of a number of research analyst reports. UBS Group lifted their price objective on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Truist Financial raised 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. Evercore ISI cut their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Royal Bank Of Canada reissued a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Finally, Bank of America raised their target price on shares of JPMorgan Chase & Co. from $300.00 to $325.00 and gave the company a "buy" rating 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's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $271.70.
View Our Latest Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Price Performance
Shares of NYSE JPM opened at $273.83 on Thursday. The firm has a market cap of $760.98 billion, a PE ratio of 13.44, a PEG ratio of 2.72 and a beta of 1.08. The firm has a fifty day moving average of $254.66 and a 200 day moving average of $251.00. 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. has a one year low of $190.90 and a one year high of $280.25.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. The company had revenue of $45.30 billion during the quarter, compared to analyst estimates 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 was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.44 EPS. As a group, research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS 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 issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is 27.49%.
JPMorgan Chase & Co. Profile
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Free Report)
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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