Vaughan Nelson Investment Management L.P. Decreases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Vaughan Nelson Investment Management L.P. lowered its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 767,704 shares of the financial services provider's stock after selling 52,006 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.9% of Vaughan Nelson Investment Management L.P.'s holdings, making the stock its 11th biggest holding. Vaughan Nelson Investment Management L.P.'s holdings in JPMorgan Chase & Co. were worth $188,318,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Redwood Park Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $29,000. Curat Global LLC bought a new stake in shares of JPMorgan Chase & Co. in the first quarter worth approximately $33,000. Sellwood Investment Partners LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $34,000. Investment Counsel Co. of Nevada purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $37,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $43,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,608 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $1,755,811.68. Following the completion of the sale, the general counsel now directly owns 36,520 shares in the company, valued at $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the transaction, the insider now directly owns 49,127 shares in the company, valued at approximately $12,130,438.84. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,722 shares of company stock worth $25,599,477. 0.47% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

JPM has been the topic of several research reports. Piper Sandler reissued a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Robert W. Baird boosted their target price on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a "neutral" rating in a research report on Tuesday, May 20th. Evercore ISI decreased their price target 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. 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. Finally, UBS Group raised their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock 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. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and a consensus target price of $269.65.

JPMorgan Chase & Co. Stock Up 2.0%

Shares of NYSE JPM traded up $5.26 during midday trading on Monday, reaching $270.21. 6,911,093 shares of the company's stock traded hands, compared to its average volume of 9,529,124. The company has a market cap of $750.93 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 2.83 and a beta of 1.08. JPMorgan Chase & Co. has a one year low of $190.90 and a one year high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The stock's 50 day simple moving average is $252.10 and its 200-day simple moving average is $250.57.

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, beating the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. During the same quarter last year, the firm earned $4.44 EPS. The business's revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts predict 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. Shareholders of record on Thursday, July 3rd will be paid a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 2.07%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

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.