Highland Financial Advisors LLC Sells 2,754 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Highland Financial Advisors LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 37.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,520 shares of the financial services provider's stock after selling 2,754 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.4% of Highland Financial Advisors LLC's investment portfolio, making the stock its 27th biggest position. Highland Financial Advisors LLC's holdings in JPMorgan Chase & Co. were worth $1,109,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Fourth Dimension Wealth LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $471,000. Disciplined Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $217,000. LGT Group Foundation boosted its holdings in shares of JPMorgan Chase & Co. by 2.8% in the 4th quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock valued at $126,040,000 after purchasing an additional 14,300 shares in the last quarter. Kinsale Capital Group Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 11.1% in 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 purchasing an additional 4,375 shares in the last quarter. Finally, Jag Capital Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 10.5% in the 4th quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Buying and Selling

In other news, COO Jennifer Piepszak sold 4,272 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.03, for a total value of $1,055,312.16. Following the completion of the transaction, the chief operating officer now directly owns 50,197 shares of the company's stock, valued at approximately $12,400,164.91. This trade represents a 7.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 directly owns 49,127 shares of the company's stock, valued at approximately $12,130,438.84. This trade represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,594 shares of company stock valued at $23,991,061 in the last three months. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Down 0.2%

NYSE:JPM traded down $0.40 during trading hours on Friday, hitting $263.97. 10,976,619 shares of the company were exchanged, compared to its average volume of 9,564,755. The stock has a market capitalization of $733.60 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. 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. has a one year low of $190.88 and a one year high of $280.25. The company has a fifty day simple moving average of $245.86 and a 200 day simple moving average of $249.19.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. JPMorgan Chase & Co.'s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $4.44 EPS. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors 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 yield of 2.12%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on JPM. Evercore ISI reduced their target price on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Truist Financial set a $270.00 price target on JPMorgan Chase & Co. in a research note on Friday, May 23rd. Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Finally, TD Securities increased their price target on JPMorgan Chase & Co. from $305.00 to $315.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and an average price target of $266.65.

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.