Congress Park Capital LLC Has $3.51 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Congress Park Capital LLC trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 15.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,308 shares of the financial services provider's stock after selling 2,525 shares during the period. JPMorgan Chase & Co. accounts for about 1.3% of Congress Park Capital LLC's holdings, making the stock its 20th largest holding. Congress Park Capital LLC's holdings in JPMorgan Chase & Co. were worth $3,510,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in JPM. Norges Bank purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $8,310,884,000. GAMMA Investing LLC grew its position in JPMorgan Chase & Co. by 25,861.9% during the 1st quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock worth $5,778,289,000 after purchasing an additional 23,465,278 shares during the last quarter. Northern Trust Corp increased its stake in JPMorgan Chase & Co. by 15.4% in the fourth quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock valued at $8,113,147,000 after purchasing an additional 4,515,147 shares during the period. Proficio Capital Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 34,259.3% in the fourth quarter. Proficio Capital Partners LLC now owns 3,499,499 shares of the financial services provider's stock valued at $838,865,000 after buying an additional 3,489,314 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of JPMorgan Chase & Co. by 31.4% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,684,810 shares of the financial services provider's stock valued at $2,561,256,000 after buying an additional 2,551,899 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,129 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.76, for a total value of $1,536,908.04. Following the sale, the chief operating officer now directly owns 68,583 shares in the company, valued at $17,197,873.08. This trade represents a 8.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total value of $2,375,000.00. Following the sale, the director now directly owns 91,539 shares in the company, valued at approximately $22,884,750. This trade represents a 9.40% 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 worth $18,060,015 in the last quarter. 0.47% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Stock Up 1.0%

Shares of JPMorgan Chase & Co. stock traded up $2.88 during midday trading on Wednesday, hitting $284.14. The company's stock had a trading volume of 6,825,385 shares, compared to its average volume of 9,491,678. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $284.47. 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 firm has a market capitalization of $789.65 billion, a P/E ratio of 13.95, a PEG ratio of 2.63 and a beta of 1.08. The stock has a 50-day simple moving average of $259.29 and a 200-day simple moving average of $252.14.

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 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 firm had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same quarter in the prior year, the business earned $4.44 EPS. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 1.97%. JPMorgan Chase & Co.'s payout ratio is presently 27.49%.

Analyst Ratings Changes

Several analysts have commented on JPM shares. Evercore ISI reduced their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Bank of America boosted their target price on JPMorgan Chase & Co. from $300.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. UBS Group lifted their price objective on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Finally, Piper Sandler restated a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and a consensus price target of $271.90.

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.