JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Rice Partnership LLC

Rice Partnership LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,254 shares of the financial services provider's stock after acquiring an additional 3,208 shares during the period. JPMorgan Chase & Co. makes up 4.9% of Rice Partnership LLC's holdings, making the stock its 5th biggest holding. Rice Partnership LLC's holdings in JPMorgan Chase & Co. were worth $23,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. Cloud Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $127,000. Argentarii LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.9% in the first quarter. Argentarii LLC now owns 26,110 shares of the financial services provider's stock valued at $6,405,000 after purchasing an additional 475 shares in the last quarter. Jackson Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 4.4% in the first quarter. Jackson Wealth Management LLC now owns 1,026 shares of the financial services provider's stock valued at $252,000 after purchasing an additional 43 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.6% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 17,937 shares of the financial services provider's stock valued at $4,400,000 after purchasing an additional 101 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 9.0% in the first quarter. McGlone Suttner Wealth Management Inc. now owns 10,449 shares of the financial services provider's stock valued at $2,563,000 after purchasing an additional 859 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the completion of the sale, the director owned 91,539 shares in the company, valued at approximately $22,884,750. The trade was a 9.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 2,821 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $749,567.91. Following the sale, the general counsel owned 68,757 shares of the company's stock, valued at $18,269,422.47. This represents a 3.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,200 shares of company stock worth $18,060,015 over the last 90 days. 0.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on JPM shares. Bank of America lifted their price objective on shares of JPMorgan Chase & Co. from $300.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. HSBC restated a "reduce" rating and issued a $259.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. TD Securities restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Finally, Evercore ISI set a $298.00 price target on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, July 7th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $284.42.

JPMorgan Chase & Co. Stock Down 0.5%

Shares of NYSE:JPM opened at $286.78 on Friday. The company has a market capitalization of $796.99 billion, a PE ratio of 14.08, a P/E/G ratio of 2.62 and a beta of 1.10. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. JPMorgan Chase & Co. has a twelve month low of $190.90 and a twelve month high of $296.40. The firm has a 50 day simple moving average of $270.98 and a 200-day simple moving average of $256.39.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate 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 company'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. On average, equities analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders 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 dividend yield of 1.95%. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

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.

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