Talbot Financial LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,740 shares of the financial services provider's stock after selling 2,309 shares during the period. JPMorgan Chase & Co. accounts for 2.9% of Talbot Financial LLC's portfolio, making the stock its 6th largest position. Talbot Financial LLC's holdings in JPMorgan Chase & Co. were worth $22,994,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in JPMorgan Chase & Co. by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock worth $938,491,000 after purchasing an additional 319,730 shares during the last quarter. Capital & Planning LLC boosted its holdings in JPMorgan Chase & Co. by 13.3% in the fourth quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock worth $565,000 after purchasing an additional 276 shares during the last quarter. Financial Partners Group Inc boosted its holdings in JPMorgan Chase & Co. by 4.8% in the fourth quarter. Financial Partners Group Inc now owns 5,235 shares of the financial services provider's stock worth $1,255,000 after purchasing an additional 239 shares during the last quarter. Brighton Jones LLC boosted its holdings in JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after purchasing an additional 4,841 shares during the last quarter. Finally, Affinity Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 4.1% during the 4th quarter. Affinity Wealth Management LLC now owns 18,702 shares of the financial services provider's stock worth $4,483,000 after acquiring an additional 728 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on JPM. Piper Sandler reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday. Evercore ISI decreased their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. TD Securities boosted their price objective on JPMorgan Chase & Co. from $305.00 to $315.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. KGI Securities initiated coverage on shares of JPMorgan Chase & Co. in a research note on Sunday, April 13th. They set a "hold" rating on the stock. Finally, Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $267.15.
Check Out Our Latest Stock Analysis on JPMorgan Chase & Co.
JPMorgan Chase & Co. Trading Up 0.2%
JPM stock traded up $0.46 during mid-day trading on Monday, reaching $264.46. The company had a trading volume of 6,008,253 shares, compared to its average volume of 9,550,450. 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 capitalization of $734.96 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The firm has a 50 day moving average of $245.86 and a 200 day moving average of $249.24. JPMorgan Chase & Co. has a 12 month low of $190.88 and a 12 month high of $280.25.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results 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. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. During the same period in the prior year, the firm earned $4.44 EPS. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The firm 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. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.12%. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.
Insider Activity at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 40,014 shares of the business's stock in a transaction dated 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 now owns 18,017 shares in the company, valued at approximately $4,518,123.09. The trade was a 68.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 2,821 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $749,567.91. Following the transaction, the general counsel now directly owns 68,757 shares of the company's stock, valued at $18,269,422.47. This represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 95,594 shares of company stock valued at $23,991,061 over the last 90 days. Insiders own 0.47% of the company's stock.
JPMorgan Chase & Co. Company Profile
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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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