Dover Advisors LLC Purchases 8,891 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Dover Advisors LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 50.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,491 shares of the financial services provider's stock after purchasing an additional 8,891 shares during the period. JPMorgan Chase & Co. comprises 2.8% of Dover Advisors LLC's investment portfolio, making the stock its 4th biggest position. Dover Advisors LLC's holdings in JPMorgan Chase & Co. were worth $6,498,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Redwood Park Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $29,000. Curat Global LLC purchased a new stake in JPMorgan Chase & Co. in the 1st quarter worth approximately $33,000. Sellwood Investment Partners LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at $34,000. Investment Counsel Co. of Nevada purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $43,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,608 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $1,755,811.68. Following the completion of the transaction, the general counsel now directly owns 36,520 shares in the company, valued at $9,703,729.20. The trade was a 15.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction that occurred 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 transaction, the insider now directly owns 49,127 shares of the company's stock, valued at $12,130,438.84. This trade represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,722 shares of company stock valued at $25,599,477 over the last 90 days. 0.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

JPM has been the subject of several analyst reports. TD Securities reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Truist Financial increased their price objective on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the stock a "hold" rating in a report on Monday, June 2nd. Bank of America decreased their target price on shares of 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. Robert W. Baird upped their price target on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. Finally, Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $269.65.

JPMorgan Chase & Co. Stock Up 2.0%

Shares of JPMorgan Chase & Co. stock traded up $5.26 on Monday, hitting $270.21. 6,911,093 shares of the company's stock traded hands, compared to its average volume of 9,529,124. JPMorgan Chase & Co. has a 52-week low of $190.90 and a 52-week 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 has a market cap of $750.93 billion, a P/E ratio of 13.69, a PEG ratio of 2.83 and a beta of 1.08. The firm's 50-day moving average is $252.10 and its 200 day moving average is $250.57.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data 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. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. During the same period in the prior year, the firm posted $4.44 EPS. The firm's revenue was up 8.0% compared to the same quarter last year. Equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.07%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

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.