JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Cadinha & Co. LLC

Cadinha & Co. LLC lowered its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 51.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,682 shares of the financial services provider's stock after selling 64,491 shares during the quarter. JPMorgan Chase & Co. makes up about 3.1% of Cadinha & Co. LLC's portfolio, making the stock its 12th biggest position. Cadinha & Co. LLC's holdings in JPMorgan Chase & Co. were worth $14,640,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of JPM. Fourth Dimension Wealth LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $471,000. Disciplined Investments LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $217,000. LGT Group Foundation boosted its position 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 valued at $126,040,000 after acquiring an additional 14,300 shares in the last quarter. Kinsale Capital Group Inc. boosted its position in JPMorgan Chase & Co. by 11.1% during the 4th quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider's stock valued at $10,483,000 after acquiring an additional 4,375 shares in the last quarter. Finally, Jag Capital Management LLC boosted its position in JPMorgan Chase & Co. by 10.5% during the 4th quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock valued at $353,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM traded up $0.46 during trading on Monday, reaching $264.46. 6,008,253 shares of the company traded hands, compared to its average volume of 9,550,540. The firm's fifty day simple moving average is $246.13 and its 200 day simple moving average is $249.37. The stock has a market cap of $734.96 billion, a P/E ratio of 13.40, a PEG ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a 12-month low of $190.88 and a 12-month high of $280.25. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company's revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $4.44 EPS. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share 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. Shareholders of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.12%. JPMorgan Chase & Co.'s payout ratio is currently 27.49%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the transaction, the insider now owns 49,127 shares in the company, valued at $12,130,438.84. The trade was a 2.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeremy Barnum sold 40,014 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total value of $10,034,310.78. Following the completion of the transaction, the chief financial officer now owns 18,017 shares of the company's stock, valued at approximately $4,518,123.09. This represents a 68.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,594 shares of company stock worth $23,991,061. Insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on JPM. Piper Sandler reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday. TD Securities raised their price objective on JPMorgan Chase & Co. from $305.00 to $315.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Royal Bank of Canada reissued a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday. Finally, Morgan Stanley reissued an "equal weight" rating on shares of JPMorgan Chase & Co. in a research report on Monday. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $267.15.

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.