Nilsine Partners LLC Boosts Position in JPMorgan Chase & Co. (NYSE:JPM)

Nilsine Partners LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,755 shares of the financial services provider's stock after purchasing an additional 892 shares during the quarter. JPMorgan Chase & Co. makes up 0.9% of Nilsine Partners LLC's portfolio, making the stock its 22nd biggest holding. Nilsine Partners LLC's holdings in JPMorgan Chase & Co. were worth $8,035,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Redwood Park Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $29,000. Curat Global LLC purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at $33,000. Sellwood Investment Partners LLC purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $34,000. Investment Counsel Co. of Nevada purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $37,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $43,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $281.18 on Wednesday. The firm has a market capitalization of $781.42 billion, a PE ratio of 13.80, a P/E/G ratio of 2.59 and a beta of 1.08. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.89. The business has a 50-day moving average of $258.21 and a two-hundred day moving average of $251.92. JPMorgan Chase & Co. has a 12 month low of $190.90 and a 12 month high of $282.72.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The business had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. During the same quarter last year, the firm earned $4.44 earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be paid a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.99%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.

Insider Activity

In other news, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction dated Tuesday, May 20th. The stock was 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 owns 36,520 shares in the company, valued at approximately $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 62,455 shares of the company's stock, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,200 shares of company stock worth $18,060,015. 0.47% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Robert W. Baird upped their price objective on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a "neutral" rating in a research report on Tuesday, May 20th. Piper Sandler reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. UBS Group upped 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. Finally, TD Cowen started coverage on JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a "buy" rating and a $305.00 target price for the company. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $271.90.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.