Villere ST Denis J & Co. LLC Has $52.19 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Villere ST Denis J & Co. LLC cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 212,738 shares of the financial services provider's stock after selling 3,924 shares during the period. JPMorgan Chase & Co. comprises approximately 5.0% of Villere ST Denis J & Co. LLC's holdings, making the stock its largest position. Villere ST Denis J & Co. LLC's holdings in JPMorgan Chase & Co. were worth $52,185,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Redwood Park Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $29,000. Curat Global LLC acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth $33,000. Sellwood Investment Partners LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $34,000. Investment Counsel Co. of Nevada acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $37,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $43,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, General Counsel Stacey Friedman sold 6,608 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the transaction, the general counsel directly owned 36,520 shares in the company, valued at approximately $9,703,729.20. The trade was a 15.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $10,034,310.78. Following the transaction, the chief financial officer owned 18,017 shares in the company, valued at approximately $4,518,123.09. The trade was a 68.95% 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 valued at $18,060,015 in the last ninety days. Corporate insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JPM. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Piper Sandler reissued a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Morgan Stanley set a $240.00 price objective on shares of JPMorgan Chase & Co. and gave the stock an "equal weight" rating in a report on Monday. Royal Bank Of Canada set a $305.00 price objective on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a research report on Monday, June 30th. Finally, Robert W. Baird cut shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target for the company. in a research report on Friday, June 27th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $277.74.

JPMorgan Chase & Co. Stock Down 1.4%

JPM traded down $4.05 during trading on Monday, reaching $291.95. The company had a trading volume of 8,792,081 shares, compared to its average volume of 9,530,752. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 12 month low of $190.90 and a 12 month high of $296.40. The business's fifty day moving average price is $267.94 and its 200 day moving average price is $255.26. The company has a market cap of $811.36 billion, a P/E ratio of 14.33, a PEG ratio of 2.75 and a beta of 1.10.

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 earnings per share for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The firm had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same quarter in the previous year, the firm posted $4.44 earnings per share. The business's revenue was up 8.0% on a year-over-year basis. Equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 1.92%. JPMorgan Chase & Co.'s payout ratio is 27.49%.

JPMorgan Chase & Co. Company 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.