JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Stiles Financial Services Inc

Stiles Financial Services Inc boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 17.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 10,955 shares of the financial services provider's stock after purchasing an additional 1,652 shares during the period. JPMorgan Chase & Co. makes up 1.0% of Stiles Financial Services Inc's investment portfolio, making the stock its 28th largest holding. Stiles Financial Services Inc's holdings in JPMorgan Chase & Co. were worth $2,687,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of JPM. Redwood Park Advisors LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $29,000. Curat Global LLC acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $33,000. Sellwood Investment Partners LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $34,000. Investment Counsel Co. of Nevada purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $37,000. Finally, Prudent Man Investment Management Inc. acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $43,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $288.88 on Friday. The firm has a market capitalization of $802.81 billion, a PE ratio of 14.18, a P/E/G ratio of 2.64 and a beta of 1.08. JPMorgan Chase & Co. has a 52 week low of $190.90 and a 52 week high of $289.41. The firm's 50-day simple moving average is $260.44 and its 200 day simple moving average is $252.45. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23.

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

JPMorgan Chase & Co. Announces Dividend

The business also recently declared 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 is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.94%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.49%.

Insider Activity

In related news, COO Jennifer Piepszak sold 6,129 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.76, for a total transaction of $1,536,908.04. Following the sale, the chief operating officer now owns 68,583 shares in the company, valued at approximately $17,197,873.08. This trade represents a 8.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 2,821 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $749,567.91. Following the transaction, the general counsel now directly owns 68,757 shares in the company, valued at approximately $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 71,200 shares of company stock worth $18,060,015 over the last three months. 0.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on JPM. Truist Financial increased their price target on JPMorgan Chase & Co. from $270.00 to $280.00 and gave the stock a "hold" rating in a report on Monday, June 2nd. Piper Sandler restated a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 10th. Citigroup restated a "neutral" rating and issued a $275.00 price objective (up previously from $250.00) on shares of JPMorgan Chase & Co. in a research report on Wednesday. Finally, TD Cowen started coverage on JPMorgan Chase & Co. in a report on Thursday, May 15th. They issued a "buy" rating and a $305.00 price objective on the stock. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. has an average rating of "Hold" and an average target price of $273.15.

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.

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