JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Lifted by Dover Advisors LLC

Dover Advisors LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 50.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,491 shares of the financial services provider's stock after buying an additional 8,891 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.8% of Dover Advisors LLC's portfolio, making the stock its 4th largest position. Dover Advisors LLC's holdings in JPMorgan Chase & Co. were worth $6,498,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 59,220,603 shares of the financial services provider's stock valued at $14,161,171,000 after buying an additional 876,417 shares during the period. Norges Bank purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at approximately $8,310,884,000. Northern Trust Corp raised its position in shares of JPMorgan Chase & Co. by 15.4% during the 4th quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock valued at $8,113,147,000 after buying an additional 4,515,147 shares during the period. GAMMA Investing LLC raised its position in shares of JPMorgan Chase & Co. by 25,861.9% during the 1st quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock valued at $5,778,289,000 after buying an additional 23,465,278 shares during the period. Finally, Capital Research Global Investors raised its position in shares of JPMorgan Chase & Co. by 9.1% during the 4th quarter. Capital Research Global Investors now owns 22,841,033 shares of the financial services provider's stock valued at $5,475,223,000 after buying an additional 1,914,049 shares during the period. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insider Buying and Selling

In related news, insider Robin Leopold sold 1,250 shares of the business'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 completion of the transaction, the insider now 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jennifer Piepszak sold 6,128 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the transaction, the chief operating officer now owns 62,455 shares of the company's stock, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,722 shares of company stock worth $25,599,477. Corporate insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. KGI Securities assumed coverage on shares of JPMorgan Chase & Co. in a report on Sunday, April 13th. They issued a "hold" rating for the company. UBS Group lifted their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Bank of America dropped their target price on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Truist Financial lifted their target price on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a "hold" rating in a report on Monday, June 2nd. Finally, Robert W. Baird lifted their target price on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a "neutral" rating in a report on Tuesday, May 20th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $269.65.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $264.72 on Monday. The company has a fifty day simple moving average of $252.10 and a two-hundred day simple moving average of $250.57. The company has a market cap of $735.69 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 52 week low of $190.90 and a 52 week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping 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 net margin of 20.96% and a return on equity of 16.99%. The company's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.44 earnings per share. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced 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. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.12%. JPMorgan Chase & Co.'s payout ratio is currently 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.

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