D.A. Davidson & CO. Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

D.A. Davidson & CO. increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 413,795 shares of the financial services provider's stock after purchasing an additional 7,337 shares during the quarter. JPMorgan Chase & Co. accounts for 0.8% of D.A. Davidson & CO.'s holdings, making the stock its 23rd largest holding. D.A. Davidson & CO.'s holdings in JPMorgan Chase & Co. were worth $101,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rosenberg Matthew Hamilton grew its stake in JPMorgan Chase & Co. by 3.6% during the 1st quarter. Rosenberg Matthew Hamilton now owns 5,941 shares of the financial services provider's stock worth $1,457,000 after purchasing an additional 206 shares in the last quarter. Meritage Portfolio Management boosted its position in shares of JPMorgan Chase & Co. by 11.1% during the 1st quarter. Meritage Portfolio Management now owns 60,006 shares of the financial services provider's stock worth $14,719,000 after acquiring an additional 6,007 shares in the last quarter. Clark Asset Management LLC boosted its position in shares of JPMorgan Chase & Co. by 44.1% during the 1st quarter. Clark Asset Management LLC now owns 2,540 shares of the financial services provider's stock worth $623,000 after acquiring an additional 777 shares in the last quarter. Capital Investment Counsel Inc boosted its position in shares of JPMorgan Chase & Co. by 3.4% during the 1st quarter. Capital Investment Counsel Inc now owns 5,804 shares of the financial services provider's stock worth $1,424,000 after acquiring an additional 190 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in shares of JPMorgan Chase & Co. by 4.0% during the 1st quarter. First Horizon Advisors Inc. now owns 246,210 shares of the financial services provider's stock worth $60,396,000 after acquiring an additional 9,402 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Hsbc Global Res cut JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research report on Tuesday. Keefe, Bruyette & Woods raised JPMorgan Chase & Co. from a "market perform" rating to an "outperform" rating and set a $327.00 price objective for the company in a research report on Wednesday. KGI Securities assumed coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating for the company. HSBC reaffirmed a "reduce" rating and set a $259.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday. Finally, Truist Financial upped their price objective on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $280.45.

Insiders Place Their Bets

In other news, COO Jennifer Piepszak sold 6,129 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.76, for a total transaction of $1,536,908.04. Following the completion of the transaction, the chief operating officer directly owned 68,583 shares of the company's stock, valued at approximately $17,197,873.08. This represents a 8.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $1,755,811.68. Following the transaction, the general counsel directly owned 36,520 shares of the company's stock, valued at approximately $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,200 shares of company stock valued at $18,060,015. Corporate insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Performance

JPM traded down $1.60 on Friday, hitting $286.59. 2,869,706 shares of the company traded hands, compared to its average volume of 9,541,259. The company has a 50 day moving average of $270.30 and a 200-day moving average of $255.98. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $796.45 billion, a PE ratio of 14.07, a PEG ratio of 2.62 and a beta of 1.10. JPMorgan Chase & Co. has a 12-month low of $190.90 and a 12-month high of $296.40.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.63 by $0.44. The firm had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The firm's revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $4.44 EPS. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current 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 1.95%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.49%.

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.