JPMorgan Chase & Co. (NYSE:JPM) Stock Position Raised by Sit Investment Associates Inc.

Sit Investment Associates Inc. lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 9.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 116,016 shares of the financial services provider's stock after buying an additional 10,214 shares during the period. Sit Investment Associates Inc.'s holdings in JPMorgan Chase & Co. were worth $28,459,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Holderness Investments Co. grew its position in JPMorgan Chase & Co. by 0.4% in the 1st quarter. Holderness Investments Co. now owns 28,011 shares of the financial services provider's stock worth $6,871,000 after purchasing an additional 108 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of JPMorgan Chase & Co. by 4.6% during the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 75,877 shares of the financial services provider's stock valued at $18,613,000 after buying an additional 3,356 shares during the last quarter. E Fund Management Co. Ltd. raised its holdings in shares of JPMorgan Chase & Co. by 18.1% during the first quarter. E Fund Management Co. Ltd. now owns 39,834 shares of the financial services provider's stock valued at $9,771,000 after buying an additional 6,093 shares during the last quarter. Financial Network Wealth Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 97.0% during the first quarter. Financial Network Wealth Advisors LLC now owns 591 shares of the financial services provider's stock valued at $145,000 after buying an additional 291 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of JPMorgan Chase & Co. by 4.5% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 85,040 shares of the financial services provider's stock valued at $20,860,000 after buying an additional 3,639 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Down 1.3%

Shares of NYSE:JPM opened at $290.48 on Friday. The stock has a market capitalization of $798.75 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 1.93 and a beta of 1.11. JPMorgan Chase & Co. has a 1-year low of $200.61 and a 1-year high of $301.29. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The company has a 50 day moving average price of $286.42 and a 200 day moving average price of $263.59.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. The firm had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The firm's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period last year, the firm posted $6.12 earnings per share. On average, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 3rd were issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 28.73%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on JPM shares. Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target on the stock. in a report on Friday, June 27th. Morgan Stanley lifted their price target on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Truist Financial lifted their price target on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. HSBC reaffirmed a "reduce" rating and set a $259.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Finally, Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $288.68.

Insider Buying and Selling

In related news, COO Jennifer Piepszak sold 6,128 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the completion of the sale, the chief operating officer directly owned 62,455 shares in the company, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 2,821 shares of the company'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 transaction of $749,567.91. Following the completion of the sale, the general counsel owned 68,757 shares of the company's stock, valued at approximately $18,269,422.47. This trade represents a 3.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,557 shares of company stock valued at $4,113,796 over the last 90 days. 0.47% of the stock is currently owned by insiders.

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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