JPMorgan Chase & Co. (NYSE:JPM) Stake Trimmed by Klingenstein Fields & Co. LP

Klingenstein Fields & Co. LP decreased its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 205,552 shares of the financial services provider's stock after selling 1,699 shares during the period. JPMorgan Chase & Co. comprises 2.1% of Klingenstein Fields & Co. LP's investment portfolio, making the stock its 13th biggest position. Klingenstein Fields & Co. LP's holdings in JPMorgan Chase & Co. were worth $50,422,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arbor Capital Management Inc. ADV boosted its position in JPMorgan Chase & Co. by 2.7% during the first quarter. Arbor Capital Management Inc. ADV now owns 8,177 shares of the financial services provider's stock worth $2,011,000 after acquiring an additional 215 shares during the last quarter. Oregon Pacific Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. by 9.6% in the 1st quarter. Oregon Pacific Wealth Management LLC now owns 1,380 shares of the financial services provider's stock valued at $339,000 after purchasing an additional 121 shares during the last quarter. Harbour Trust & Investment Management Co boosted its holdings in JPMorgan Chase & Co. by 5.6% in the 1st quarter. Harbour Trust & Investment Management Co now owns 92,428 shares of the financial services provider's stock valued at $22,673,000 after purchasing an additional 4,888 shares during the last quarter. Pictet North America Advisors SA boosted its holdings in JPMorgan Chase & Co. by 4.4% in the 1st quarter. Pictet North America Advisors SA now owns 77,421 shares of the financial services provider's stock valued at $18,991,000 after purchasing an additional 3,286 shares during the last quarter. Finally, Yukon Wealth Management Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $2,191,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Up 1.5%

JPMorgan Chase & Co. stock traded up $4.28 during trading on Thursday, reaching $287.44. The company had a trading volume of 4,203,594 shares, compared to its average volume of 9,546,063. JPMorgan Chase & Co. has a 12-month low of $190.90 and a 12-month high of $296.40. The stock's 50 day moving average price is $269.48 and its two-hundred day moving average price is $255.64. The firm has a market capitalization of $798.81 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 2.62 and a beta of 1.10. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89.

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, topping analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The business had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. During the same period in the previous year, the company posted $4.44 earnings per share. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared 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 is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.95%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 2,821 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $749,567.91. Following the completion of the sale, the general counsel owned 68,757 shares in the company, valued at approximately $18,269,422.47. The trade was a 3.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeremy Barnum sold 40,014 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the sale, the chief financial officer owned 18,017 shares of the company's stock, valued at approximately $4,518,123.09. The trade was a 68.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,200 shares of company stock worth $18,060,015 in the last ninety days. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on JPM. Citigroup set a $275.00 price target on shares of JPMorgan Chase & Co. and gave the company a "buy" rating in a research note on Monday. Wells Fargo & Company reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Monday. Morgan Stanley set a $240.00 price target on shares of JPMorgan Chase & Co. and gave the company an "equal weight" rating in a research note on Monday. Baird R W downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. Finally, Truist Financial upped their target price on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $280.45.

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.