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

Villere ST Denis J & Co. LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 212,738 shares of the financial services provider's stock after selling 3,924 shares during the period. JPMorgan Chase & Co. accounts for about 5.0% of Villere ST Denis J & Co. LLC's investment portfolio, making the stock its biggest holding. Villere ST Denis J & Co. LLC's holdings in JPMorgan Chase & Co. were worth $52,185,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JPM. Redwood Park Advisors LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $29,000. Curat Global LLC acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth approximately $33,000. Sellwood Investment Partners LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $34,000. Investment Counsel Co. of Nevada acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $37,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $43,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,608 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $1,755,811.68. Following the transaction, the general counsel owned 36,520 shares of the company's stock, valued at approximately $9,703,729.20. This represents a 15.32% decrease in their ownership of the stock. The transaction 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 shares were 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 in the company, valued at approximately $4,518,123.09. This trade represents a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,200 shares of company stock worth $18,060,015 over the last three months. Corporate insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded up $4.13 during trading on Friday, hitting $296.13. The company had a trading volume of 6,541,646 shares, compared to its average volume of 9,533,583. The company has a market cap of $822.96 billion, a P/E ratio of 14.54, a PEG ratio of 2.75 and a beta of 1.10. JPMorgan Chase & Co. has a 52 week low of $190.90 and a 52 week high of $296.40. The business's 50-day moving average is $266.97 and its 200 day moving average is $254.73. 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 posted its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.44. The company had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The firm's revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.44 earnings per share. Equities research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be issued a $1.40 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 1.89%. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on JPM shares. Morgan Stanley boosted their price objective on JPMorgan Chase & Co. from $236.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Monday, June 23rd. UBS Group boosted their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Bank of America boosted their price objective on JPMorgan Chase & Co. from $300.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Finally, TD Cowen started coverage on JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a "buy" rating and a $305.00 price objective for the company. Two investment 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $277.74.

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.