JPMorgan Chase & Co. (NYSE:JPM) Holdings Lifted by Whipplewood Advisors LLC

Whipplewood Advisors LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 609.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,539 shares of the financial services provider's stock after buying an additional 8,194 shares during the period. Whipplewood Advisors LLC's holdings in JPMorgan Chase & Co. were worth $2,340,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of JPM. JPMorgan Chase & Co. lifted its position in JPMorgan Chase & Co. by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock valued at $938,491,000 after buying an additional 319,730 shares in the last quarter. Capital & Planning LLC increased its holdings in JPMorgan Chase & Co. by 13.3% in the 4th quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock valued at $565,000 after purchasing an additional 276 shares in the last quarter. Financial Partners Group Inc raised its position in JPMorgan Chase & Co. by 4.8% in the fourth quarter. Financial Partners Group Inc now owns 5,235 shares of the financial services provider's stock valued at $1,255,000 after purchasing an additional 239 shares during the period. Brighton Jones LLC lifted its stake in shares of JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after purchasing an additional 4,841 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth about $66,088,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Troy L. Rohrbaugh sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.02, for a total value of $6,175,500.00. Following the sale, the chief executive officer now owns 133,381 shares of the company's stock, valued at approximately $32,947,774.62. This trade represents a 15.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 6,608 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $1,755,811.68. Following the transaction, the general counsel now owns 36,520 shares of the company's stock, valued at $9,703,729.20. This represents a 15.32% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 95,594 shares of company stock valued at $23,991,061. Company insiders own 0.47% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Robert W. Baird raised their target price on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a "neutral" rating in a report on Tuesday, May 20th. Piper Sandler reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. TD Cowen began coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a "buy" rating and a $305.00 target price for the company. Finally, TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $267.15.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM traded down $2.44 during trading hours on Thursday, reaching $261.78. 8,069,971 shares of the stock were exchanged, compared to its average volume of 9,543,469. The stock has a market capitalization of $727.52 billion, a P/E ratio of 13.26, a P/E/G ratio of 2.83 and a beta of 1.08. The firm has a 50 day simple moving average of $246.91 and a 200-day simple moving average of $249.59. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 52 week low of $190.88 and a 52 week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.44. The firm 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 firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the business posted $4.44 earnings per share. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm 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. This represents a $5.60 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) 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.