Milestone Asset Management LLC Purchases 11,348 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Milestone Asset Management LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 152.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,779 shares of the financial services provider's stock after purchasing an additional 11,348 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.0% of Milestone Asset Management LLC's investment portfolio, making the stock its 21st biggest holding. Milestone Asset Management LLC's holdings in JPMorgan Chase & Co. were worth $4,607,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. O Keefe Stevens Advisory Inc. grew its holdings in JPMorgan Chase & Co. by 10.0% in the 1st quarter. O Keefe Stevens Advisory Inc. now owns 8,885 shares of the financial services provider's stock worth $2,179,000 after buying an additional 811 shares in the last quarter. Inspirion Wealth Advisors LLC boosted its position in JPMorgan Chase & Co. by 51.6% during the 1st quarter. Inspirion Wealth Advisors LLC now owns 4,418 shares of the financial services provider's stock worth $1,084,000 after acquiring an additional 1,504 shares during the period. Gradient Investments LLC grew its stake in shares of JPMorgan Chase & Co. by 8.2% in the first quarter. Gradient Investments LLC now owns 187,422 shares of the financial services provider's stock worth $45,975,000 after purchasing an additional 14,129 shares in the last quarter. Sarasin & Partners LLP grew its stake in shares of JPMorgan Chase & Co. by 19.7% in the first quarter. Sarasin & Partners LLP now owns 1,657,698 shares of the financial services provider's stock worth $406,633,000 after purchasing an additional 272,735 shares in the last quarter. Finally, Strong Tower Advisory Services raised its stake in shares of JPMorgan Chase & Co. by 10.6% during the first quarter. Strong Tower Advisory Services now owns 11,680 shares of the financial services provider's stock valued at $2,865,000 after purchasing an additional 1,120 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Down 0.7%

JPMorgan Chase & Co. stock traded down $1.89 during midday trading on Wednesday, reaching $264.38. The stock had a trading volume of 5,909,642 shares, compared to its average volume of 9,538,240. JPMorgan Chase & Co. has a twelve month low of $190.88 and a twelve month high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The firm has a market cap of $734.74 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 2.83 and a beta of 1.07. The firm's fifty day simple moving average is $246.48 and its two-hundred day simple moving average is $249.49.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted $4.44 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 2.12%. JPMorgan Chase & Co.'s dividend payout ratio is 27.49%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Evercore ISI decreased their price objective on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Bank of America lowered their price objective on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Truist Financial upped their target price on JPMorgan Chase & Co. from $270.00 to $280.00 and gave the stock a "hold" rating in a research report on Monday. Finally, Piper Sandler reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $267.15.

Insider Activity at JPMorgan Chase & Co.

In other news, CFO Jeremy Barnum sold 40,014 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the completion of the sale, the chief financial officer now directly owns 18,017 shares of the company's stock, valued at $4,518,123.09. This trade represents a 68.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 6,608 shares of the business'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 value of $1,755,811.68. Following the completion of the sale, the general counsel now directly owns 36,520 shares of the company's stock, valued at approximately $9,703,729.20. The trade was a 15.32% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,594 shares of company stock valued at $23,991,061. Insiders own 0.47% of the company's stock.

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.