Mutual Advisors LLC Has $23.37 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Mutual Advisors LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 95,935 shares of the financial services provider's stock after selling 1,686 shares during the period. JPMorgan Chase & Co. accounts for 0.7% of Mutual Advisors LLC's holdings, making the stock its 18th biggest holding. Mutual Advisors LLC's holdings in JPMorgan Chase & Co. were worth $23,365,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of JPM. Geode Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 59,220,603 shares of the financial services provider's stock worth $14,161,171,000 after acquiring an additional 876,417 shares during the period. Norges Bank bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $8,310,884,000. Northern Trust Corp boosted its position in JPMorgan Chase & Co. by 15.4% during the 4th quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock valued at $8,113,147,000 after buying an additional 4,515,147 shares during the period. GAMMA Investing LLC boosted its position in JPMorgan Chase & Co. by 25,861.9% during the 1st quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock valued at $5,778,289,000 after buying an additional 23,465,278 shares during the period. Finally, Capital Research Global Investors boosted its position in JPMorgan Chase & Co. by 9.1% during the 4th quarter. Capital Research Global Investors now owns 22,841,033 shares of the financial services provider's stock valued at $5,475,223,000 after buying an additional 1,914,049 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Up 1.8%

Shares of JPMorgan Chase & Co. stock traded up $4.98 during trading hours on Thursday, reaching $288.14. The stock had a trading volume of 8,404,198 shares, compared to its average volume of 9,562,078. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. JPMorgan Chase & Co. has a 1 year low of $190.90 and a 1 year high of $296.40. The firm has a market capitalization of $800.76 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 2.62 and a beta of 1.10. The firm has a 50 day simple moving average of $269.48 and a two-hundred day simple moving average of $255.64.

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, topping analysts' consensus estimates of $4.63 by $0.44. The company had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. JPMorgan Chase & Co.'s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.44 EPS. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share 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. Stockholders 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 dividend yield of 1.94%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 6,128 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the transaction, the chief operating officer directly owned 62,455 shares in the company, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Stacey Friedman sold 2,821 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $749,567.91. Following the transaction, the general counsel owned 68,757 shares of the company's stock, valued at approximately $18,269,422.47. This represents a 3.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,200 shares of company stock worth $18,060,015 in the last ninety days. Company insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

JPM has been the subject of several research analyst reports. Truist Financial raised 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 report on Wednesday. TD Securities reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Piper Sandler reissued a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. KGI Securities started coverage on shares of JPMorgan Chase & Co. in a report on Sunday, April 13th. They set a "hold" rating on the stock. Finally, Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Hold" and a consensus target price of $280.45.

About JPMorgan Chase & Co.

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.