JPMorgan Chase & Co. (NYSE:JPM) is Selway Asset Management's 4th Largest Position

Selway Asset Management decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,462 shares of the financial services provider's stock after selling 1,045 shares during the period. JPMorgan Chase & Co. accounts for about 4.0% of Selway Asset Management's portfolio, making the stock its 4th biggest position. Selway Asset Management's holdings in JPMorgan Chase & Co. were worth $9,680,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in JPMorgan Chase & Co. by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock worth $938,491,000 after acquiring an additional 319,730 shares in the last quarter. Capital & Planning LLC lifted its holdings in shares of JPMorgan Chase & Co. by 13.3% in the 4th quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock worth $565,000 after purchasing an additional 276 shares in the last quarter. Financial Partners Group Inc grew its position in JPMorgan Chase & Co. by 4.8% in the 4th quarter. Financial Partners Group Inc now owns 5,235 shares of the financial services provider's stock valued at $1,255,000 after purchasing an additional 239 shares during the period. Brighton Jones LLC increased its stake in JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after purchasing an additional 4,841 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $66,088,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of recent research reports. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday. TD Cowen initiated coverage on JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a "buy" rating and a $305.00 price target for the company. Piper Sandler restated a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday. Truist Financial upped their target price on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the stock a "hold" rating in a research note on Monday. Finally, Morgan Stanley reissued an "equal weight" rating on shares of JPMorgan Chase & Co. in a research report on Monday. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Hold" and an average target price of $267.15.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock traded down $1.89 on Wednesday, reaching $264.38. The stock had a trading volume of 5,909,834 shares, compared to its average volume of 9,538,263. The business's 50 day moving average is $246.48 and its two-hundred day moving average is $249.49. 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 1 year low of $190.88 and a 1 year high of $280.25. The company has a market cap of $734.74 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly 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 firm had revenue of $45.30 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $4.44 EPS. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 annualized dividend and a dividend yield of 2.12%. JPMorgan Chase & Co.'s payout ratio is currently 27.49%.

Insider Activity

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,272 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the completion of the transaction, the chief executive officer now directly owns 133,381 shares of the company's stock, valued at approximately $32,947,774.62. This represents a 15.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,594 shares of company stock worth $23,991,061. 0.47% of the stock is currently owned by 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.