JTC Employer Solutions Trustee Ltd Sells 1,531 Shares of JPMorgan Chase & Co. (NYSE:JPM)

JTC Employer Solutions Trustee Ltd lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 307,705 shares of the financial services provider's stock after selling 1,531 shares during the period. JPMorgan Chase & Co. accounts for approximately 6.2% of JTC Employer Solutions Trustee Ltd's investment portfolio, making the stock its 2nd biggest holding. JTC Employer Solutions Trustee Ltd's holdings in JPMorgan Chase & Co. were worth $75,467,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in JPM. Redwood Park Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $29,000. Sellwood Investment Partners LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $34,000. Investment Counsel Co. of Nevada purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth about $37,000. Midwest Capital Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at about $43,000. Finally, Prudent Man Investment Management Inc. purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

JPM has been the subject of several recent analyst reports. Bank of America reduced their price target on 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 raised their target price on JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a "hold" rating in a report on Monday. KGI Securities initiated coverage on JPMorgan Chase & Co. in a report on Sunday, April 13th. They issued a "hold" rating for the company. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Finally, UBS Group raised their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of "Hold" and an average target price of $267.15.

Insiders Place Their Bets

In related news, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the sale, the insider now directly owns 49,127 shares in the company, valued at approximately $12,130,438.84. This trade represents a 2.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Jennifer Piepszak sold 4,272 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $247.03, for a total value of $1,055,312.16. Following the sale, the chief operating officer now owns 50,197 shares in the company, valued at approximately $12,400,164.91. The trade was a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 95,594 shares of company stock worth $23,991,061 over the last three months. 0.47% of the stock is owned by insiders.

JPMorgan Chase & Co. Trading Up 0.2%

JPMorgan Chase & Co. stock traded up $0.46 during trading on Monday, hitting $264.46. The company's stock had a trading volume of 6,008,253 shares, compared to its average volume of 9,550,450. The stock has a market capitalization of $734.96 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 2.83 and a beta of 1.07. The stock's fifty day moving average is $245.86 and its 200 day moving average is $249.24. JPMorgan Chase & Co. has a 1-year low of $190.88 and a 1-year high of $280.25. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.63 by $0.44. The firm had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.44 earnings per share. As a group, equities 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 paid a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a 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.