JPMorgan Chase & Co. (NYSE:JPM) Stock Position Trimmed by West Oak Capital LLC

West Oak Capital LLC lowered its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 7.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,782 shares of the financial services provider's stock after selling 1,560 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.9% of West Oak Capital LLC's investment portfolio, making the stock its 7th largest position. West Oak Capital LLC's holdings in JPMorgan Chase & Co. were worth $4,852,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Fourth Dimension Wealth LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $471,000. Disciplined Investments LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $217,000. LGT Group Foundation raised its holdings 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 worth $126,040,000 after purchasing an additional 14,300 shares during the last quarter. Kinsale Capital Group Inc. lifted its position in shares of JPMorgan Chase & Co. by 11.1% in the 4th quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider's stock worth $10,483,000 after purchasing an additional 4,375 shares during the period. Finally, Jag Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 10.5% in the 4th quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 140 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,272 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the transaction, the chief operating officer now directly owns 50,197 shares of the company's stock, valued at $12,400,164.91. This trade represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robin Leopold sold 1,250 shares of the business's 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,722 shares of company stock valued at $25,599,477 over the last 90 days. Insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a "buy" rating and a $305.00 target price for the company. Morgan Stanley reissued an "equal weight" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Piper Sandler restated a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Finally, Baird R W raised JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $269.65.

JPMorgan Chase & Co. Stock Up 2.3%

Shares of JPMorgan Chase & Co. stock traded up $6.18 during trading hours on Monday, reaching $271.13. The company's stock had a trading volume of 3,571,476 shares, compared to its average volume of 10,259,228. The company has a market capitalization of $753.48 billion, a P/E ratio of 13.74, a P/E/G ratio of 2.83 and a beta of 1.08. The stock's fifty day simple moving average is $252.10 and its two-hundred day simple moving average is $250.57. JPMorgan Chase & Co. has a one year low of $190.90 and a one year high of $280.25. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

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 the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $4.44 EPS. On average, research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be given a dividend of $1.40 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 2.07%. 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.