Mn Services Vermogensbeheer B.V. Cuts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Mn Services Vermogensbeheer B.V. lessened its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 13.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 547,700 shares of the financial services provider's stock after selling 85,500 shares during the quarter. JPMorgan Chase & Co. accounts for 1.0% of Mn Services Vermogensbeheer B.V.'s portfolio, making the stock its 18th largest position. Mn Services Vermogensbeheer B.V.'s holdings in JPMorgan Chase & Co. were worth $134,351,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Fourth Dimension Wealth LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $471,000. Disciplined Investments LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $217,000. LGT Group Foundation increased its position in JPMorgan Chase & Co. by 2.8% during 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 during the period. Kinsale Capital Group Inc. increased its position in JPMorgan Chase & Co. by 11.1% during 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 during the period. Finally, Jag Capital Management LLC increased its position in JPMorgan Chase & Co. by 10.5% during 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 during the period. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM traded up $4.31 on Thursday, hitting $273.83. 9,583,437 shares of the company's stock traded hands, compared to its average volume of 9,523,464. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $280.25. The firm's 50-day moving average price is $254.66 and its two-hundred day moving average price is $251.00. The firm has a market capitalization of $760.98 billion, a PE ratio of 13.44, a P/E/G ratio of 2.76 and a beta of 1.08.

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, 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 business had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. During the same period in the previous year, the business posted $4.44 EPS. The business's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, analysts expect that JPMorgan Chase & Co. will post 18.1 EPS 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. This represents a $5.60 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Insider Activity at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,272 shares of the business's stock in a transaction on 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 completion of the transaction, the chief operating officer now directly owns 50,197 shares in the company, valued at $12,400,164.91. The trade was a 7.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 6,608 shares of the business's stock in a transaction 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 completion of the transaction, the general counsel now owns 36,520 shares of the company's stock, valued at approximately $9,703,729.20. This represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,722 shares of company stock worth $25,599,477 in the last three months. Company insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Bank of America raised their target price on shares of JPMorgan Chase & Co. from $300.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday. Truist Financial raised their target price on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a "hold" rating in a research report on Monday, June 2nd. Evercore ISI cut their price objective on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Wells Fargo & Company lifted their price objective on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 10th. Finally, KGI Securities initiated coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They issued a "hold" rating on the stock. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $271.70.

JPMorgan Chase & Co. Company 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.