Rothschild Investment LLC Cuts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Rothschild Investment LLC decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 149,145 shares of the financial services provider's stock after selling 1,716 shares during the period. JPMorgan Chase & Co. comprises about 2.4% of Rothschild Investment LLC's holdings, making the stock its 3rd largest holding. Rothschild Investment LLC's holdings in JPMorgan Chase & Co. were worth $36,585,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of JPMorgan Chase & Co. by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock worth $938,491,000 after buying an additional 319,730 shares during the last quarter. Capital & Planning LLC grew its stake 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 buying an additional 276 shares during the last quarter. Financial Partners Group Inc grew its stake in shares of 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 worth $1,255,000 after buying an additional 239 shares during the last quarter. Brighton Jones LLC grew its stake in shares of JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after buying an additional 4,841 shares during the last quarter. Finally, Nikulski Financial Inc. grew its stake in shares of JPMorgan Chase & Co. by 0.4% in the 4th quarter. Nikulski Financial Inc. now owns 32,881 shares of the financial services provider's stock worth $7,882,000 after buying an additional 141 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on JPM shares. Piper Sandler restated a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday. Evercore ISI lowered their price objective on 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. Bank of America lowered their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Baird R W raised JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. Finally, KGI Securities initiated coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They issued a "hold" rating for the company. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $267.15.

JPMorgan Chase & Co. Price Performance

JPM traded up $0.90 on Monday, hitting $264.90. 4,099,618 shares of the company's stock traded hands, compared to its average volume of 9,543,613. 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 one year low of $190.88 and a one year high of $280.25. The company's 50 day simple moving average is $245.86 and its 200-day simple moving average is $249.24. The firm has a market cap of $736.18 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 2.83 and a beta of 1.07.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 16.99% and a net margin of 20.96%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company 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 company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be given a dividend of $1.40 per share. The ex-dividend date of this dividend 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 is currently 27.49%.

Insider Activity

In other news, COO Jennifer Piepszak sold 6,129 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.76, for a total transaction of $1,536,908.04. Following the completion of the transaction, the chief operating officer now directly owns 68,583 shares in the company, valued at approximately $17,197,873.08. This represents a 8.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 6,608 shares of the 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 transaction, the general counsel now owns 36,520 shares of the company's stock, valued at $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. In the last ninety 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. 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.