Union Bancaire Privee UBP SA Increases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Union Bancaire Privee UBP SA boosted its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 19.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 338,885 shares of the financial services provider's stock after acquiring an additional 54,390 shares during the period. JPMorgan Chase & Co. accounts for 1.8% of Union Bancaire Privee UBP SA's investment portfolio, making the stock its 14th largest holding. Union Bancaire Privee UBP SA's holdings in JPMorgan Chase & Co. were worth $81,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Capital & Planning LLC boosted its holdings in shares of JPMorgan Chase & Co. by 13.3% during the 4th quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock worth $565,000 after buying an additional 276 shares in the last quarter. Brighton Jones LLC boosted its holdings in shares of JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after buying an additional 4,841 shares in the last quarter. Tectonic Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 4.4% during the 4th quarter. Tectonic Advisors LLC now owns 5,197 shares of the financial services provider's stock worth $1,246,000 after buying an additional 218 shares in the last quarter. Choreo LLC boosted its holdings in shares of JPMorgan Chase & Co. by 5.7% during the 4th quarter. Choreo LLC now owns 175,435 shares of the financial services provider's stock worth $42,012,000 after buying an additional 9,409 shares in the last quarter. Finally, Vestia Personal Wealth Advisors boosted its holdings in shares of JPMorgan Chase & Co. by 12.6% during the 4th quarter. Vestia Personal Wealth Advisors now owns 1,163 shares of the financial services provider's stock worth $279,000 after buying an additional 130 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock traded down $3.52 during trading hours on Friday, hitting $264.72. 7,095,259 shares of the company's stock traded hands, compared to its average volume of 9,533,023. JPMorgan Chase & Co. has a 12-month low of $190.90 and a 12-month high of $280.25. The stock has a market capitalization of $735.69 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 2.83 and a beta of 1.08. The company has a fifty day simple moving average of $252.10 and a 200-day simple moving average of $250.57. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

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, topping the consensus estimate of $4.63 by $0.44. The company had revenue of $45.30 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.44 EPS. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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 paid a $1.40 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 2.12%. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of research analyst reports. TD Securities restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Royal Bank of Canada reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Morgan Stanley reaffirmed an "equal weight" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Piper Sandler reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Finally, Robert W. Baird upped their target price on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. Thirteen investment 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, JPMorgan Chase & Co. presently has an average rating of "Hold" and a consensus target price of $269.65.

Insiders Place Their Bets

In other news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the sale, the insider now owns 49,127 shares in the company, valued at approximately $12,130,438.84. This trade represents a 2.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $247.02, for a total value of $6,175,500.00. Following the transaction, the chief executive officer now directly owns 133,381 shares in the company, valued at approximately $32,947,774.62. This represents a 15.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,722 shares of company stock worth $25,599,477 in the last quarter. 0.47% of the stock is owned by company insiders.

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.