Shepherd Financial Partners LLC Has $11.80 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Shepherd Financial Partners LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,114 shares of the financial services provider's stock after purchasing an additional 966 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.4% of Shepherd Financial Partners LLC's investment portfolio, making the stock its 19th biggest position. Shepherd Financial Partners LLC's holdings in JPMorgan Chase & Co. were worth $11,802,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of JPM. Cushing Capital Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 11.6% during the first quarter. Cushing Capital Partners LLC now owns 2,396 shares of the financial services provider's stock worth $588,000 after acquiring an additional 249 shares during the period. Hemenway Trust Co LLC boosted its stake in JPMorgan Chase & Co. by 4.8% in the 1st quarter. Hemenway Trust Co LLC now owns 10,904 shares of the financial services provider's stock valued at $2,675,000 after purchasing an additional 495 shares during the period. Market Street Wealth Management Advisors LLC grew its holdings in JPMorgan Chase & Co. by 8.4% in the 1st quarter. Market Street Wealth Management Advisors LLC now owns 3,317 shares of the financial services provider's stock valued at $814,000 after buying an additional 256 shares in the last quarter. Marest Capital LLC increased its position in JPMorgan Chase & Co. by 0.9% during the 1st quarter. Marest Capital LLC now owns 17,048 shares of the financial services provider's stock worth $4,182,000 after buying an additional 149 shares during the period. Finally, Tennessee Valley Asset Management Partners lifted its holdings in shares of JPMorgan Chase & Co. by 7.2% during the first quarter. Tennessee Valley Asset Management Partners now owns 6,974 shares of the financial services provider's stock worth $1,711,000 after buying an additional 468 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the transaction, the chief operating officer now directly owns 62,455 shares in the company, valued at approximately $16,392,563.85. This represents a 8.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeremy Barnum sold 40,014 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total value of $10,034,310.78. Following the sale, the chief financial officer now owns 18,017 shares in the company, valued at $4,518,123.09. This represents a 68.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,722 shares of company stock valued at $25,599,477. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $273.83 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. The stock has a market cap of $760.98 billion, a PE ratio of 13.44, a P/E/G ratio of 2.76 and a beta of 1.08. JPMorgan Chase & Co. has a 12-month low of $190.90 and a 12-month high of $280.25. The business's 50-day moving average price is $255.59 and its two-hundred day moving average price is $251.19.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. The company 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 firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted $4.44 EPS. As a group, analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 2.05%. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Analysts Set New Price Targets

Several equities analysts recently commented on JPM shares. UBS Group upped their price target on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Robert W. Baird boosted their price objective 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. Piper Sandler reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, TD Cowen started coverage on JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a "buy" rating and a $305.00 price target on the stock. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock 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.

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