1,993 Shares in JPMorgan Chase & Co. (NYSE:JPM) Purchased by Putney Financial Group LLC

Putney Financial Group LLC acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,993 shares of the financial services provider's stock, valued at approximately $478,000.

Several other large investors have also recently modified their holdings of the company. DDD Partners LLC increased its position in JPMorgan Chase & Co. by 2.8% during the 4th quarter. DDD Partners LLC now owns 1,416 shares of the financial services provider's stock worth $339,000 after purchasing an additional 38 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its position in JPMorgan Chase & Co. by 1.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider's stock worth $622,000 after purchasing an additional 38 shares in the last quarter. Rappaport Reiches Capital Management LLC increased its position in JPMorgan Chase & Co. by 3.8% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 1,068 shares of the financial services provider's stock worth $256,000 after purchasing an additional 39 shares in the last quarter. Yoder Wealth Management Inc. increased its position in JPMorgan Chase & Co. by 2.8% during the 4th quarter. Yoder Wealth Management Inc. now owns 1,436 shares of the financial services provider's stock worth $344,000 after purchasing an additional 39 shares in the last quarter. Finally, Almanack Investment Partners LLC. increased its position in JPMorgan Chase & Co. by 0.8% during the 4th quarter. Almanack Investment Partners LLC. now owns 5,143 shares of the financial services provider's stock worth $1,233,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Robert W. Baird increased their target price on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. Truist Financial set a $270.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, May 23rd. Wall Street Zen raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. TD Securities increased their price objective on shares of JPMorgan Chase & Co. from $305.00 to $315.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Finally, Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and a consensus price target of $266.65.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the sale, the insider now directly owns 49,127 shares in the company, valued at approximately $12,130,438.84. This trade represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of JPMorgan Chase & Co. stock in a transaction dated 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 sale, the chief executive officer now owns 133,381 shares in the company, valued at approximately $32,947,774.62. This represents a 15.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,594 shares of company stock worth $23,991,061 over the last ninety days. 0.47% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Down 0.7%

Shares of JPMorgan Chase & Co. stock traded down $1.83 on Wednesday, hitting $263.46. 5,514,107 shares of the company's stock traded hands, compared to its average volume of 9,561,078. The firm's 50-day moving average is $244.84 and its 200 day moving average is $248.69. JPMorgan Chase & Co. has a 52-week low of $190.88 and a 52-week high of $280.25. The stock has a market cap of $732.18 billion, a P/E ratio of 13.35, a PEG ratio of 2.83 and a beta of 1.07. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

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 (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. During the same period last year, the business posted $4.44 earnings per share. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts anticipate 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. Investors of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

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.