JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by KBC Group NV

KBC Group NV trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,641,647 shares of the financial services provider's stock after selling 159,144 shares during the period. JPMorgan Chase & Co. comprises 1.2% of KBC Group NV's holdings, making the stock its 13th largest position. KBC Group NV owned approximately 0.06% of JPMorgan Chase & Co. worth $402,696,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Emerald Advisors LLC grew its holdings in JPMorgan Chase & Co. by 18.1% during the first quarter. Emerald Advisors LLC now owns 3,793 shares of the financial services provider's stock worth $930,000 after acquiring an additional 582 shares during the period. Goodman Advisory Group LLC acquired a new stake in JPMorgan Chase & Co. during the first quarter worth about $76,000. Cohen Investment Advisors LLC grew its holdings in JPMorgan Chase & Co. by 1,993.3% during the first quarter. Cohen Investment Advisors LLC now owns 464,662 shares of the financial services provider's stock worth $113,982,000 after acquiring an additional 442,464 shares during the period. Joel Isaacson & Co. LLC grew its holdings in JPMorgan Chase & Co. by 4.2% in the first quarter. Joel Isaacson & Co. LLC now owns 51,603 shares of the financial services provider's stock valued at $12,658,000 after purchasing an additional 2,099 shares during the period. Finally, TBH Global Asset Management LLC grew its holdings in JPMorgan Chase & Co. by 105.1% in the first quarter. TBH Global Asset Management LLC now owns 21,849 shares of the financial services provider's stock valued at $5,360,000 after purchasing an additional 11,197 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Jennifer Piepszak sold 6,129 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.76, for a total transaction of $1,536,908.04. Following the transaction, the chief operating officer owned 68,583 shares in the company, valued at approximately $17,197,873.08. This trade represents a 8.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jeremy Barnum sold 40,014 shares of JPMorgan Chase & Co. stock in a transaction on 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 sale, the chief financial officer owned 18,017 shares in the company, valued at $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 ninety days, insiders have sold 71,200 shares of company stock worth $18,060,015. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $296.13 on Friday. JPMorgan Chase & Co. has a one year low of $190.90 and a one year high of $296.40. The company has a market cap of $822.96 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 2.75 and a beta of 1.10. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89. The business's 50 day moving average price is $266.97 and its 200 day moving average price is $254.56.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The firm had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter last year, the business posted $4.44 earnings per share. The firm's revenue was up 8.0% compared to the same quarter last year. On average, research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed 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. 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 1.89%. JPMorgan Chase & Co.'s payout ratio is 27.49%.

Analyst Upgrades and Downgrades

Several analysts have commented on JPM shares. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Truist Financial raised their price objective on JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a "hold" rating in a report on Monday, June 2nd. Evercore ISI raised their price objective on JPMorgan Chase & Co. from $280.00 to $298.00 and gave the company an "outperform" rating in a report on Wednesday. TD Cowen started coverage on JPMorgan Chase & Co. in a report on Thursday, May 15th. They issued a "buy" rating and a $305.00 price objective on the stock. Finally, Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $277.74.

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.

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