Novem Group Has $5.79 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Novem Group boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,596 shares of the financial services provider's stock after acquiring an additional 1,228 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.8% of Novem Group's portfolio, making the stock its 27th largest holding. Novem Group's holdings in JPMorgan Chase & Co. were worth $5,788,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its position in shares of JPMorgan Chase & Co. by 3.8% in the first quarter. Private Trust Co. NA now owns 40,916 shares of the financial services provider's stock valued at $10,037,000 after purchasing an additional 1,501 shares during the period. O Brien Wealth Partners LLC raised its position in shares of JPMorgan Chase & Co. by 31.1% in the first quarter. O Brien Wealth Partners LLC now owns 1,181 shares of the financial services provider's stock valued at $290,000 after purchasing an additional 280 shares during the period. Mainstream Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 2.6% in the first quarter. Mainstream Capital Management LLC now owns 8,481 shares of the financial services provider's stock valued at $2,080,000 after purchasing an additional 218 shares during the period. Equita Financial Network Inc. raised its position in shares of JPMorgan Chase & Co. by 50.7% in the first quarter. Equita Financial Network Inc. now owns 1,745 shares of the financial services provider's stock valued at $428,000 after purchasing an additional 587 shares during the period. Finally, American Capital Advisory LLC raised its position in shares of JPMorgan Chase & Co. by 5.4% in the first quarter. American Capital Advisory LLC now owns 3,695 shares of the financial services provider's stock valued at $906,000 after purchasing an additional 190 shares during the period. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Down 0.5%

NYSE:JPM traded down $1.41 on Friday, hitting $286.78. 7,243,690 shares of the stock were exchanged, compared to its average volume of 9,558,124. The stock has a market capitalization of $796.99 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 2.62 and a beta of 1.10. JPMorgan Chase & Co. has a 52 week low of $190.90 and a 52 week high of $296.40. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89. The company's 50-day moving average price is $270.30 and its 200 day moving average price is $255.98.

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

JPMorgan Chase & Co. Announces Dividend

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 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 yield of 1.95%. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a "buy" rating and a $305.00 price objective on the stock. Truist Financial raised their price objective on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research note on Wednesday. Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $300.00 to $325.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Finally, HSBC reiterated a "reduce" rating and set a $259.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of "Hold" and a consensus target price of $280.45.

Insider Buying and Selling

In other news, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total value of $2,375,000.00. Following the completion of the sale, the director directly owned 91,539 shares of the company's stock, valued at $22,884,750. This represents a 9.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Stacey Friedman sold 2,821 shares of the company'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 $749,567.91. Following the completion of the sale, the general counsel directly owned 68,757 shares of the company's stock, valued at approximately $18,269,422.47. This trade represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,200 shares of company stock valued at $18,060,015. 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.