Mawer Investment Management Ltd. Cuts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Mawer Investment Management Ltd. cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 431,993 shares of the financial services provider's stock after selling 10,884 shares during the quarter. Mawer Investment Management Ltd.'s holdings in JPMorgan Chase & Co. were worth $105,968,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. N.E.W. Advisory Services LLC boosted its position in shares of JPMorgan Chase & Co. by 1.5% during the 1st quarter. N.E.W. Advisory Services LLC now owns 8,539 shares of the financial services provider's stock worth $2,095,000 after purchasing an additional 129 shares in the last quarter. Kirtland Hills Capital Management LLC increased its stake in JPMorgan Chase & Co. by 31.9% during the 1st quarter. Kirtland Hills Capital Management LLC now owns 5,790 shares of the financial services provider's stock valued at $1,343,000 after purchasing an additional 1,400 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 105.9% during the first quarter. Meeder Asset Management Inc. now owns 1,472 shares of the financial services provider's stock valued at $361,000 after buying an additional 757 shares during the last quarter. Meeder Advisory Services Inc. lifted its position in JPMorgan Chase & Co. by 4.3% in the 1st quarter. Meeder Advisory Services Inc. now owns 69,921 shares of the financial services provider's stock valued at $17,152,000 after acquiring an additional 2,855 shares in the last quarter. Finally, SLT Holdings LLC increased its holdings in JPMorgan Chase & Co. by 5.5% during the 1st quarter. SLT Holdings LLC now owns 881 shares of the financial services provider's stock worth $216,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. 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. Evercore ISI set a $298.00 target price on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research note on Monday, July 7th. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They issued a "buy" rating and a $305.00 price target on the stock. Phillip Securities downgraded shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 16th. Finally, Truist Financial boosted their price objective on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a research note on Wednesday, July 9th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $288.68.

JPMorgan Chase & Co. Stock Up 0.0%

Shares of JPM traded up $0.07 during mid-day trading on Wednesday, reaching $291.44. The company had a trading volume of 6,326,839 shares, compared to its average volume of 10,062,375. The firm has a 50-day moving average price of $282.23 and a 200 day moving average price of $262.14. The company has a market capitalization of $809.93 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 1.97 and a beta of 1.11. JPMorgan Chase & Co. has a 52 week low of $200.20 and a 52 week high of $301.29. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.89 and a current ratio of 0.88.

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

JPMorgan Chase & Co. Dividend Announcement

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

Insider Buying and Selling

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. 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 transaction, the chief operating officer owned 62,455 shares of the company's stock, valued at $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 6,608 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $1,755,811.68. Following the completion of the transaction, the general counsel owned 36,520 shares in the company, valued at $9,703,729.20. The trade was a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,557 shares of company stock valued at $4,113,796. 0.47% of the stock is currently owned by corporate 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.