JPMorgan Chase & Co. (NYSE:JPM) is Wesbanco Bank Inc.'s 4th Largest Position

Wesbanco Bank Inc. cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 302,705 shares of the financial services provider's stock after selling 3,122 shares during the period. JPMorgan Chase & Co. accounts for 2.6% of Wesbanco Bank Inc.'s portfolio, making the stock its 4th biggest position. Wesbanco Bank Inc.'s holdings in JPMorgan Chase & Co. were worth $74,254,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fourth Dimension Wealth LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $471,000. Disciplined Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $217,000. LGT Group Foundation increased its holdings in JPMorgan Chase & Co. by 2.8% during the fourth quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock valued at $126,040,000 after buying an additional 14,300 shares during the last quarter. Kinsale Capital Group Inc. raised its holdings in JPMorgan Chase & Co. by 11.1% in the 4th quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider's stock worth $10,483,000 after purchasing an additional 4,375 shares during the period. Finally, Jag Capital Management LLC lifted its position in shares of 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 buying an additional 140 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Down 1.0%

Shares of JPM stock traded down $2.71 during trading hours on Friday, reaching $265.53. 2,085,290 shares of the company's stock were exchanged, compared to its average volume of 9,500,193. The stock has a market cap of $737.93 billion, a PE ratio of 13.45, a PEG ratio of 2.83 and a beta of 1.08. JPMorgan Chase & Co. has a 1 year low of $190.88 and a 1 year high of $280.25. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The stock's fifty day moving average price is $251.13 and its two-hundred day moving average price is $250.46.

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 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $43.62 billion. During the same period in the prior year, the company earned $4.44 earnings per share. The company's revenue was up 8.0% on a year-over-year basis. Research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced 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 is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 2.11%. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

Analysts Set New Price Targets

JPM has been the subject of a number of analyst reports. Piper Sandler reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. TD Securities restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Truist Financial raised their price target on JPMorgan Chase & Co. from $270.00 to $280.00 and gave the stock a "hold" rating in a research report on Monday, June 2nd. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Finally, TD Cowen initiated coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a "buy" rating and a $305.00 price target on the stock. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $269.65.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the sale, the insider now owns 49,127 shares in the company, valued at approximately $12,130,438.84. This trade represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 133,381 shares in the company, valued at approximately $32,947,774.62. The trade was a 15.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,722 shares of company stock valued at $25,599,477. 0.47% of the stock is owned by insiders.

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.