Stonebridge Financial Group LLC Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

Stonebridge Financial Group LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 545.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,503 shares of the financial services provider's stock after purchasing an additional 23,239 shares during the quarter. Stonebridge Financial Group LLC's holdings in JPMorgan Chase & Co. were worth $6,746,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Emerald Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 18.1% in the 1st quarter. Emerald Advisors LLC now owns 3,793 shares of the financial services provider's stock worth $930,000 after purchasing an additional 582 shares during the period. Goodman Advisory Group LLC purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth approximately $76,000. Cohen Investment Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1,993.3% in the 1st quarter. Cohen Investment Advisors LLC now owns 464,662 shares of the financial services provider's stock worth $113,982,000 after purchasing an additional 442,464 shares during the period. Joel Isaacson & Co. LLC boosted its holdings in shares of JPMorgan Chase & Co. by 4.2% in the 1st quarter. Joel Isaacson & Co. LLC now owns 51,603 shares of the financial services provider's stock worth $12,658,000 after purchasing an additional 2,099 shares during the period. Finally, TBH Global Asset Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 105.1% in the 1st quarter. TBH Global Asset Management LLC now owns 21,849 shares of the financial services provider's stock worth $5,360,000 after purchasing an additional 11,197 shares during the period. Hedge funds and other institutional investors own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of recent research reports. Piper Sandler reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. KGI Securities assumed coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They set a "hold" rating for the company. Finally, Bank of America raised their price target on JPMorgan Chase & Co. from $300.00 to $325.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Hold" and an average target price of $277.74.

JPMorgan Chase & Co. Trading Up 1.4%

Shares of NYSE JPM opened at $296.13 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 business has a fifty day simple moving average of $266.97 and a two-hundred day simple moving average of $254.56. The firm has a market cap of $822.96 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 2.75 and a beta of 1.10. JPMorgan Chase & Co. has a twelve month low of $190.90 and a twelve month high of $296.40.

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 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. The firm 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 16.88% and a net margin of 21.21%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $4.44 EPS. 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 declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be given a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is 27.49%.

Insider Buying and Selling

In other news, 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 completion of the transaction, the chief financial officer directly owned 18,017 shares of the company's stock, valued at approximately $4,518,123.09. The trade was a 68.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total value of $2,375,000.00. Following the completion of the transaction, the director directly owned 91,539 shares of the company's stock, valued at approximately $22,884,750. The trade was a 9.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,200 shares of company stock valued at $18,060,015. 0.47% of the stock is currently owned by insiders.

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.

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