Koshinski Asset Management Inc. Purchases 5,481 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Koshinski Asset Management Inc. boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 20.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,055 shares of the financial services provider's stock after buying an additional 5,481 shares during the period. JPMorgan Chase & Co. makes up about 0.7% of Koshinski Asset Management Inc.'s holdings, making the stock its 24th largest holding. Koshinski Asset Management Inc.'s holdings in JPMorgan Chase & Co. were worth $7,863,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. J.Safra Asset Management Corp boosted its stake in JPMorgan Chase & Co. by 10.1% during the first quarter. J.Safra Asset Management Corp now owns 4,839 shares of the financial services provider's stock valued at $1,187,000 after buying an additional 445 shares during the period. RedJay Asset Management Inc. bought a new stake in JPMorgan Chase & Co. during the first quarter worth about $2,698,000. Red Door Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 3.7% during the first quarter. Red Door Wealth Management LLC now owns 72,225 shares of the financial services provider's stock worth $17,717,000 after purchasing an additional 2,555 shares during the last quarter. WASHINGTON TRUST Co lifted its stake in JPMorgan Chase & Co. by 16.5% during the first quarter. WASHINGTON TRUST Co now owns 220,937 shares of the financial services provider's stock worth $54,196,000 after purchasing an additional 31,261 shares during the last quarter. Finally, Insight Inv LLC lifted its stake in JPMorgan Chase & Co. by 111.8% during the first quarter. Insight Inv LLC now owns 29,376 shares of the financial services provider's stock worth $7,206,000 after purchasing an additional 15,504 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on JPM shares. Royal Bank Of Canada set a $305.00 target price on JPMorgan Chase & Co. and gave the company an "outperform" rating in a research note on Monday, June 30th. Piper Sandler reissued a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. UBS Group boosted their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Bank of America boosted their target price on JPMorgan Chase & Co. from $300.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Finally, TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $277.74.

Insiders Place Their Bets

In related news, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total value of $2,375,000.00. Following the transaction, the director directly owned 91,539 shares of the company's stock, valued at approximately $22,884,750. This represents a 9.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jeremy Barnum sold 40,014 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total value of $10,034,310.78. Following the completion of the transaction, the chief financial officer directly owned 18,017 shares in the company, valued at $4,518,123.09. This trade represents a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,200 shares of company stock valued at $18,060,015. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Up 1.4%

Shares of JPM traded up $4.13 during mid-day trading on Friday, reaching $296.13. The company had a trading volume of 6,541,646 shares, compared to its average volume of 9,533,583. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a 50-day moving average price of $266.97 and a 200 day moving average price of $254.73. JPMorgan Chase & Co. has a 52 week low of $190.90 and a 52 week high of $296.40. The company has a market capitalization of $822.96 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 2.75 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly 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 for the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.44 EPS. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be given 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 1.89%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

JPMorgan Chase & Co. Company 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.