JPMorgan Chase & Co. (NYSE:JPM) Position Boosted by Portside Wealth Group LLC

Portside Wealth Group LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 9.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,932 shares of the financial services provider's stock after acquiring an additional 1,495 shares during the quarter. Portside Wealth Group LLC's holdings in JPMorgan Chase & Co. were worth $4,059,000 as of its most recent SEC filing.

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

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 40,014 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the completion of the sale, the chief financial officer now directly owns 18,017 shares of the company's stock, valued at approximately $4,518,123.09. This represents a 68.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jennifer Piepszak sold 4,272 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the completion of the transaction, the chief operating officer now directly owns 50,197 shares in the company, valued at approximately $12,400,164.91. This trade represents a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,594 shares of company stock worth $23,991,061. 0.47% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Stock Down 0.9%

Shares of JPM traded down $2.44 during midday trading on Thursday, reaching $261.78. 8,165,672 shares of the company were exchanged, compared to its average volume of 9,543,602. JPMorgan Chase & Co. has a 1-year low of $190.88 and a 1-year high of $280.25. The stock has a 50-day moving average price of $246.91 and a 200-day moving average price of $249.59. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The company has a market cap of $727.52 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 2.83 and a beta of 1.08.

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 company had revenue of $45.30 billion during the quarter, compared to analyst estimates 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 for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the business earned $4.44 EPS. Research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm 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 $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

Analysts Set New Price Targets

JPM has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday. Morgan Stanley reissued an "equal weight" rating on shares of JPMorgan Chase & Co. in a research note on Monday. UBS Group increased their price objective 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. TD Cowen initiated coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They issued a "buy" rating and a $305.00 target price on the stock. Finally, Evercore ISI lowered their price target on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $267.15.

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.