Financial Counselors Inc. Decreases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Financial Counselors Inc. trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 441,452 shares of the financial services provider's stock after selling 25,713 shares during the period. JPMorgan Chase & Co. comprises about 1.6% of Financial Counselors Inc.'s portfolio, making the stock its 9th largest position. Financial Counselors Inc.'s holdings in JPMorgan Chase & Co. were worth $108,288,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Cooksen Wealth LLC bought a new position in JPMorgan Chase & Co. in the first quarter valued at $158,000. Byrne Financial Freedom LLC grew its position in JPMorgan Chase & Co. by 2.4% in the first quarter. Byrne Financial Freedom LLC now owns 4,262 shares of the financial services provider's stock valued at $1,046,000 after purchasing an additional 101 shares in the last quarter. Callan Capital LLC grew its position in JPMorgan Chase & Co. by 4.2% in the first quarter. Callan Capital LLC now owns 11,781 shares of the financial services provider's stock valued at $2,890,000 after purchasing an additional 470 shares in the last quarter. TD Private Client Wealth LLC grew its position in JPMorgan Chase & Co. by 1.1% in the first quarter. TD Private Client Wealth LLC now owns 95,472 shares of the financial services provider's stock valued at $23,419,000 after purchasing an additional 1,085 shares in the last quarter. Finally, Capital Advisors Inc. OK grew its position in JPMorgan Chase & Co. by 3.5% in the first quarter. Capital Advisors Inc. OK now owns 507,040 shares of the financial services provider's stock valued at $124,377,000 after purchasing an additional 17,257 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Truist Financial raised their target price on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a research report on Wednesday. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. TD Cowen began coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 15th. They issued a "buy" rating and a $305.00 price objective for the company. Citigroup set a $275.00 price objective on shares of JPMorgan Chase & Co. and gave the company a "buy" rating in a research report on Monday, July 7th. Finally, Piper Sandler reissued a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and an average target price of $284.42.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM traded down $1.41 during midday trading on Friday, hitting $286.78. The stock had a trading volume of 7,378,197 shares, compared to its average volume of 9,530,369. The company's 50-day moving average price is $270.98 and its 200-day moving average price is $256.39. The company has a market capitalization of $796.99 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 2.62 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. JPMorgan Chase & Co. has a fifty-two week low of $190.90 and a fifty-two week high of $296.40.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.63 by $0.44. The company had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $4.44 EPS. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company 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 $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is presently 27.49%.

Insider Activity

In related news, General Counsel Stacey Friedman sold 6,608 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the sale, the general counsel directly owned 36,520 shares of the company's stock, valued at approximately $9,703,729.20. The trade was a 15.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jennifer Piepszak sold 6,129 shares of JPMorgan Chase & Co. 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 sale, the chief operating officer directly owned 68,583 shares in the company, valued at $17,197,873.08. This trade represents a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,200 shares of company stock valued at $18,060,015 over the last quarter. 0.47% of the stock is owned by corporate insiders.

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.