JPMorgan Chase & Co. (NYSE:JPM) Stock Position Lowered by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,907 shares of the financial services provider's stock after selling 4,109 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 2.7% of Eagle Rock Investment Company LLC's portfolio, making the stock its 8th largest holding. Eagle Rock Investment Company LLC's holdings in JPMorgan Chase & Co. were worth $15,676,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on JPM shares. Bank of America cut their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Morgan Stanley reaffirmed an "equal weight" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Piper Sandler reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. TD Cowen began coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a "buy" rating and a $305.00 target price for the company. Finally, UBS Group lifted their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $267.15.

Insider Activity

In related news, COO Jennifer Piepszak sold 4,272 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $247.03, for a total value of $1,055,312.16. Following the sale, the chief operating officer now directly owns 50,197 shares of the company's stock, valued at $12,400,164.91. This represents a 7.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the completion of the sale, the chief executive officer now directly owns 133,381 shares in the company, valued at $32,947,774.62. This trade represents a 15.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,722 shares of company stock worth $25,599,477. 0.47% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

JPM stock traded up $3.86 during mid-day trading on Friday, hitting $265.81. The company had a trading volume of 7,734,607 shares, compared to its average volume of 9,559,312. The company has a market capitalization of $738.71 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 2.83 and a beta of 1.08. JPMorgan Chase & Co. has a 12-month low of $190.88 and a 12-month high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company has a 50-day moving average price of $247.68 and a 200 day moving average price of $249.92.

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 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.44 EPS. On average, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is 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.