BLB&B Advisors LLC Has $32.02 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

BLB&B Advisors LLC reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,518 shares of the financial services provider's stock after selling 3,085 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.6% of BLB&B Advisors LLC's holdings, making the stock its 16th largest holding. BLB&B Advisors LLC's holdings in JPMorgan Chase & Co. were worth $32,016,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of JPM. Fourth Dimension Wealth LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth $471,000. Crown Wealth Group LLC lifted its stake in shares of JPMorgan Chase & Co. by 5.4% in the 1st quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider's stock valued at $1,060,000 after purchasing an additional 222 shares during the period. Disciplined Investments LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $217,000. LGT Group Foundation raised its stake in JPMorgan Chase & Co. by 2.8% during the 4th quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock worth $126,040,000 after buying an additional 14,300 shares during the period. Finally, Hidden Cove Wealth Management LLC raised its stake in JPMorgan Chase & Co. by 4.2% during the 1st quarter. Hidden Cove Wealth Management LLC now owns 2,758 shares of the financial services provider's stock worth $677,000 after buying an additional 112 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded up $0.15 during midday trading on Wednesday, reaching $282.93. The company's stock had a trading volume of 5,274,840 shares, compared to its average volume of 9,541,719. 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 fifty-two week low of $190.90 and a fifty-two week high of $296.40. The business's 50 day moving average price is $268.71 and its two-hundred day moving average price is $255.45. The company has a market cap of $786.28 billion, a P/E ratio of 13.90, a P/E/G ratio of 2.71 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $43.62 billion. During the same period in the previous year, the business earned $4.44 earnings per share. The firm's quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 yield of 1.98%. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Analysts Set New Price Targets

JPM has been the topic of several recent research reports. Keefe, Bruyette & Woods raised JPMorgan Chase & Co. from a "market perform" rating to an "outperform" rating and set a $327.00 price target on the stock in a research note on Wednesday. TD Cowen assumed coverage on JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a "buy" rating and a $305.00 price target on the stock. Piper Sandler restated a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Truist Financial raised their price objective on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a report on Wednesday. Finally, Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price objective for the company. in a report on Friday, June 27th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $280.45.

Insider Activity

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,129 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.76, for a total transaction of $1,536,908.04. Following the completion of the transaction, the chief operating officer directly owned 68,583 shares in the company, valued at $17,197,873.08. The trade was a 8.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeremy Barnum sold 40,014 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the transaction, the chief financial officer owned 18,017 shares of the company's stock, valued at approximately $4,518,123.09. This represents a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,200 shares of company stock valued at $18,060,015 in the last three months. Company insiders own 0.47% of the company's stock.

About JPMorgan Chase & Co.

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.