North Star Investment Management Corp. Has $65.19 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

North Star Investment Management Corp. lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 265,743 shares of the financial services provider's stock after selling 3,116 shares during the period. JPMorgan Chase & Co. accounts for approximately 4.7% of North Star Investment Management Corp.'s holdings, making the stock its biggest position. North Star Investment Management Corp.'s holdings in JPMorgan Chase & Co. were worth $65,187,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of JPM. Fortis Advisors LLC lifted its stake in JPMorgan Chase & Co. by 14.5% in the first quarter. Fortis Advisors LLC now owns 1,238 shares of the financial services provider's stock worth $304,000 after purchasing an additional 157 shares during the last quarter. Optas LLC lifted its stake in JPMorgan Chase & Co. by 1.1% in the first quarter. Optas LLC now owns 16,437 shares of the financial services provider's stock worth $4,032,000 after purchasing an additional 179 shares during the last quarter. Asio Capital LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.5% in the 1st quarter. Asio Capital LLC now owns 9,038 shares of the financial services provider's stock valued at $2,217,000 after acquiring an additional 47 shares during the period. D Orazio & Associates Inc. increased its holdings in shares of JPMorgan Chase & Co. by 5.1% in the 1st quarter. D Orazio & Associates Inc. now owns 6,303 shares of the financial services provider's stock valued at $1,546,000 after acquiring an additional 303 shares during the period. Finally, Brighton Jones LLC increased its holdings in shares of JPMorgan Chase & Co. by 4.5% in the 1st quarter. Brighton Jones LLC now owns 50,920 shares of the financial services provider's stock valued at $12,491,000 after acquiring an additional 2,188 shares during the period. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Up 0.3%

JPM traded up $0.78 during trading on Friday, hitting $274.74. The company's stock had a trading volume of 13,904,171 shares, compared to its average volume of 9,499,728. The firm's 50 day moving average price is $256.36 and its 200-day moving average price is $251.45. 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 stock has a market cap of $763.52 billion, a PE ratio of 13.49, a PEG ratio of 2.77 and a beta of 1.08. JPMorgan Chase & Co. has a twelve month low of $190.90 and a twelve month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data 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. 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 the consensus estimate of $43.62 billion. During the same period in the prior year, the firm posted $4.44 EPS. The business's revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a $1.40 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 2.04%. JPMorgan Chase & Co.'s payout ratio is currently 27.49%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JPM. Robert W. Baird upped their target price 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. Truist Financial boosted their price target on JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a "hold" rating 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. Piper Sandler reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Finally, TD Securities reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and an average price target of $271.70.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 6,608 shares of the firm'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 transaction of $1,755,811.68. Following the completion of the sale, the general counsel now directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the sale, the insider now owns 49,127 shares of the company's stock, valued at $12,130,438.84. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,722 shares of company stock valued at $25,599,477 in the last ninety days. Insiders own 0.47% of the company's stock.

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.