Northeast Investment Management Has $49.07 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Northeast Investment Management decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,036 shares of the financial services provider's stock after selling 1,819 shares during the period. JPMorgan Chase & Co. comprises 2.3% of Northeast Investment Management's holdings, making the stock its 11th largest holding. Northeast Investment Management's holdings in JPMorgan Chase & Co. were worth $49,069,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of JPM. Geode Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 59,220,603 shares of the financial services provider's stock worth $14,161,171,000 after purchasing an additional 876,417 shares in the last quarter. Norges Bank purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $8,310,884,000. Northern Trust Corp boosted its stake in shares of JPMorgan Chase & Co. by 15.4% during the 4th quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock valued at $8,113,147,000 after purchasing an additional 4,515,147 shares in the last quarter. GAMMA Investing LLC lifted its position in JPMorgan Chase & Co. by 25,861.9% during the first quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock valued at $5,778,289,000 after buying an additional 23,465,278 shares during the period. Finally, Capital Research Global Investors increased its position in JPMorgan Chase & Co. by 9.1% during the 4th quarter. Capital Research Global Investors now owns 22,841,033 shares of the financial services provider's stock valued at $5,475,223,000 after buying an additional 1,914,049 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Activity

In other news, insider Robin Leopold sold 1,250 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the sale, the insider now owns 49,127 shares of the company's stock, valued at $12,130,438.84. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jennifer Piepszak sold 4,272 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.03, for a total transaction 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. The trade was a 7.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,722 shares of company stock worth $25,599,477 over the last three months. 0.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Bank of America decreased their price objective on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Truist Financial boosted their price objective 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. Piper Sandler reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Wells Fargo & Company upped their price objective on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company an "overweight" rating in a report on Tuesday. 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 analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Hold" and an average target price of $269.65.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock traded down $3.37 during midday trading on Friday, hitting $264.87. 4,445,425 shares of the company's stock were exchanged, compared to its average volume of 9,508,988. The firm's 50 day simple moving average is $251.13 and its 200 day simple moving average is $250.46. JPMorgan Chase & Co. has a 12-month low of $190.88 and a 12-month high of $280.25. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The stock has a market cap of $736.10 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. The business had revenue of $45.30 billion for the quarter, compared to analyst estimates 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 revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.44 earnings per share. Equities 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 declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a $1.40 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.11%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.49%.

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.