JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Simplicity Wealth LLC

Simplicity Wealth LLC grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 78.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,845 shares of the financial services provider's stock after buying an additional 13,166 shares during the quarter. Simplicity Wealth LLC's holdings in JPMorgan Chase & Co. were worth $7,321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Fourth Dimension Wealth LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $471,000. Disciplined Investments LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $217,000. LGT Group Foundation lifted its position in shares of JPMorgan Chase & Co. by 2.8% in the 4th quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock worth $126,040,000 after purchasing an additional 14,300 shares during the period. Kinsale Capital Group Inc. grew its holdings 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 worth $10,483,000 after purchasing an additional 4,375 shares during the last quarter. Finally, Jag Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 10.5% in the 4th quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 140 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In related news, CFO Jeremy Barnum sold 40,014 shares of the firm's stock in a transaction on 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 sale, the chief financial officer now owns 18,017 shares in the company, valued at approximately $4,518,123.09. This trade represents a 68.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jennifer Piepszak sold 6,128 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the sale, the chief operating officer now owns 62,455 shares in the company, valued at $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,722 shares of company stock worth $25,599,477 in the last three months. Insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on JPM. Royal Bank of Canada reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Morgan Stanley reaffirmed an "equal weight" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Finally, Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $269.65.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM traded down $1.31 during trading on Thursday, hitting $266.84. 3,158,326 shares of the company's stock were exchanged, compared to its average volume of 9,528,085. JPMorgan Chase & Co. has a 52-week low of $190.88 and a 52-week high of $280.25. The business's 50-day simple moving average is $250.05 and its 200 day simple moving average is $250.34. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The company has a market cap of $741.57 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 2.83 and a beta of 1.08.

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 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 16.99% and a net margin of 20.96%. The firm's revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company earned $4.44 earnings per share. As a group, equities analysts predict that JPMorgan Chase & Co. will post 18.1 EPS 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 given a dividend of $1.40 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 2.10%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 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.