JPMorgan Chase & Co. (NYSE:JPM) is Quintet Private Bank Europe S.A.'s 5th Largest Position

Quintet Private Bank Europe S.A. cut its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 338,969 shares of the financial services provider's stock after selling 19,554 shares during the period. JPMorgan Chase & Co. accounts for 4.9% of Quintet Private Bank Europe S.A.'s portfolio, making the stock its 5th largest holding. Quintet Private Bank Europe S.A.'s holdings in JPMorgan Chase & Co. were worth $83,149,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Redwood Park Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $29,000. Curat Global LLC purchased a new position in JPMorgan Chase & Co. during the 1st quarter valued at approximately $33,000. Sellwood Investment Partners LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $34,000. Investment Counsel Co. of Nevada purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $37,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $43,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

JPM traded up $4.37 during trading on Wednesday, hitting $273.89. 5,800,074 shares of the stock were exchanged, compared to its average volume of 10,232,219. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $280.25. The stock has a fifty day moving average price of $253.87 and a two-hundred day moving average price of $250.84. The firm has a market capitalization of $761.15 billion, a P/E ratio of 13.45, a PEG ratio of 2.74 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The firm had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same quarter last year, the company posted $4.44 earnings per share. The business's revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm 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 $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 2.04%. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Insider Activity

In other news, CEO Troy L. Rohrbaugh sold 25,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 133,381 shares of the company's stock, valued at $32,947,774.62. This trade represents a 15.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jennifer Piepszak sold 4,272 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.03, for a total value of $1,055,312.16. Following the transaction, the chief operating officer now directly owns 50,197 shares of the company's stock, valued at $12,400,164.91. The trade was a 7.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,722 shares of company stock valued at $25,599,477 in the last three months. 0.47% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on JPM shares. Royal Bank Of Canada reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Morgan Stanley reiterated an "equal weight" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Robert W. Baird upped their price objective on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a "neutral" rating in a research report on Tuesday, May 20th. Piper Sandler reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Finally, Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company an "overweight" rating in a report on Tuesday, June 10th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and an average price target 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.