JPMorgan Chase & Co. (NYSE:JPM) Position Lifted by Osprey Private Wealth LLC

Osprey Private Wealth LLC raised its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 22.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,975 shares of the financial services provider's stock after purchasing an additional 6,300 shares during the period. JPMorgan Chase & Co. makes up about 5.1% of Osprey Private Wealth LLC's portfolio, making the stock its 5th largest holding. Osprey Private Wealth LLC's holdings in JPMorgan Chase & Co. were worth $8,579,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital & Planning LLC grew its position in JPMorgan Chase & Co. by 13.3% in the fourth quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock valued at $565,000 after acquiring an additional 276 shares during the last quarter. Brighton Jones LLC increased its position in JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after purchasing an additional 4,841 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $66,088,000. Adero Partners LLC increased its holdings in shares of JPMorgan Chase & Co. by 2.5% during the fourth quarter. Adero Partners LLC now owns 19,278 shares of the financial services provider's stock worth $4,621,000 after buying an additional 472 shares in the last quarter. Finally, Beacon Financial Advisory LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.9% in the 4th quarter. Beacon Financial Advisory LLC now owns 9,657 shares of the financial services provider's stock valued at $2,315,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Up 1.6%

NYSE JPM traded up $4.37 during mid-day trading on Wednesday, reaching $273.89. The stock had a trading volume of 5,800,074 shares, compared to its average volume of 10,232,219. The stock has a market cap of $761.15 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 2.74 and a beta of 1.08. JPMorgan Chase & Co. has a 1 year low of $190.90 and a 1 year high of $280.25. 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 company has a fifty day moving average price of $253.87 and a 200 day moving average price of $250.84.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly 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. The firm had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $4.44 EPS. On average, research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared 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 of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 2.04%. JPMorgan Chase & Co.'s payout ratio is presently 27.49%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,608 shares of the 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 of the company's stock, valued at $9,703,729.20. This trade represents a 15.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the transaction, the chief executive officer now directly owns 133,381 shares of the company's stock, valued at $32,947,774.62. The trade was a 15.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,722 shares of company stock worth $25,599,477. Corporate insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on JPM shares. Evercore ISI reduced their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. TD Securities reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. KGI Securities assumed coverage on shares of JPMorgan Chase & Co. in a report on Sunday, April 13th. They set a "hold" rating on the stock. Finally, Robert W. Baird upped their price target on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a "neutral" rating in a research report on Tuesday, May 20th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $271.70.

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.