JPMorgan Chase & Co. (NYSE:JPM) Stake Cut by Objective Capital Management LLC

Objective Capital Management LLC trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 14.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,590 shares of the financial services provider's stock after selling 1,108 shares during the period. JPMorgan Chase & Co. comprises 1.1% of Objective Capital Management LLC's investment portfolio, making the stock its 27th biggest holding. Objective Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $1,580,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fourth Dimension Wealth LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $471,000. Disciplined Investments LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $217,000. LGT Group Foundation boosted its holdings in shares of JPMorgan Chase & Co. by 2.8% in the 4th quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock valued at $126,040,000 after buying an additional 14,300 shares in the last quarter. Kinsale Capital Group Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 11.1% in the 4th quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider's stock valued at $10,483,000 after buying an additional 4,375 shares in the last quarter. Finally, Jag Capital Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 10.5% in the 4th quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock valued at $353,000 after buying an additional 140 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,272 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.03, for a total value of $1,055,312.16. Following the completion of the sale, the chief operating officer now directly owns 50,197 shares in the company, valued at approximately $12,400,164.91. The trade was a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 2,821 shares of JPMorgan Chase & Co. 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 $749,567.91. Following the transaction, the general counsel now directly owns 68,757 shares in the company, 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. Insiders sold a total of 95,594 shares of company stock worth $23,991,061 over the last ninety days. 0.47% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

NYSE JPM traded up $0.67 during trading hours on Thursday, reaching $264.16. The company's stock had a trading volume of 5,081,029 shares, compared to its average volume of 9,567,566. The stock has a market cap of $734.12 billion, a PE ratio of 13.38, a PEG ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a fifty-two week low of $190.88 and a fifty-two week high of $280.25. The company's 50-day moving average is $245.28 and its two-hundred day moving average is $248.79. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. The firm had revenue of $45.30 billion for 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 revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company earned $4.44 EPS. Analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on JPM shares. Robert W. Baird upped their target price on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a "neutral" rating in a report on Tuesday, May 20th. Royal Bank of Canada reiterated an "outperform" rating and issued a $285.00 price target (up previously from $255.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Evercore ISI cut 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 research report on Tuesday, April 1st. Truist Financial set a $270.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, May 23rd. Finally, Piper Sandler restated an "overweight" rating and set a $295.00 price objective (up previously from $260.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Eleven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and an average price target of $266.65.

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.