Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 692,057 shares of the financial services provider's stock after buying an additional 27,282 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.7% of Sumitomo Mitsui DS Asset Management Company Ltd's investment portfolio, making the stock its 7th biggest holding. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in JPMorgan Chase & Co. were worth $169,762,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the business. Fourth Dimension Wealth LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at $471,000. Crown Wealth Group LLC raised its position in shares of JPMorgan Chase & Co. by 5.4% during the 1st quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider's stock worth $1,060,000 after purchasing an additional 222 shares during the last quarter. Disciplined Investments LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at about $217,000. LGT Group Foundation grew its stake in JPMorgan Chase & Co. by 2.8% during the 4th quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock valued at $126,040,000 after acquiring an additional 14,300 shares in the last quarter. Finally, Hidden Cove Wealth Management LLC grew its stake in JPMorgan Chase & Co. by 4.2% during the 1st quarter. Hidden Cove Wealth Management LLC now owns 2,758 shares of the financial services provider's stock valued at $677,000 after acquiring an additional 112 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, CFO Jeremy Barnum sold 40,014 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the sale, the chief financial officer directly owned 18,017 shares of the company's stock, valued at approximately $4,518,123.09. This represents a 68.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jennifer Piepszak sold 6,128 shares of the company's 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 sale, the chief operating officer owned 62,455 shares of the company's stock, valued at approximately $16,392,563.85. This 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 71,200 shares of company stock worth $18,060,015 in the last quarter. Insiders own 0.47% of the company's stock.
JPMorgan Chase & Co. Price Performance
Shares of NYSE JPM traded down $4.05 during midday trading on Monday, reaching $291.95. 8,790,826 shares of the company traded hands, compared to its average volume of 9,530,609. The firm has a market cap of $811.36 billion, a PE ratio of 14.33, a PEG ratio of 2.75 and a beta of 1.10. The stock's 50-day simple moving average is $266.97 and its 200-day simple moving average is $254.88. JPMorgan Chase & Co. has a 12 month low of $190.90 and a 12 month high of $296.49. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89.
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 EPS for the quarter, topping analysts' consensus estimates 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 company's revenue was up 8.0% on a year-over-year basis. During the same period last year, the company earned $4.44 earnings per share. As a group, equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.
Analysts Set New Price Targets
Several brokerages have recently commented on JPM. Truist Financial upped their price objective on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the stock a "hold" rating in a report on Monday, June 2nd. UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Bank of America increased their price objective on shares of JPMorgan Chase & Co. from $300.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Royal Bank Of Canada set a $305.00 target price on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a research report on Monday, June 30th. Finally, Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $277.74.
Get Our Latest Research Report on JPM
About JPMorgan Chase & Co.
(
Free Report)
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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