JPMorgan Chase & Co. (NYSE:JPM) is Wright Investors Service Inc.'s 9th Largest Position

Wright Investors Service Inc. trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,692 shares of the financial services provider's stock after selling 1,249 shares during the period. JPMorgan Chase & Co. accounts for about 2.3% of Wright Investors Service Inc.'s holdings, making the stock its 9th largest holding. Wright Investors Service Inc.'s holdings in JPMorgan Chase & Co. were worth $7,038,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. American National Bank & Trust raised its holdings in JPMorgan Chase & Co. by 6.2% during the first quarter. American National Bank & Trust now owns 52,677 shares of the financial services provider's stock worth $12,922,000 after purchasing an additional 3,091 shares in the last quarter. Advance Capital Management Inc. raised its holdings in JPMorgan Chase & Co. by 4.7% during the first quarter. Advance Capital Management Inc. now owns 3,856 shares of the financial services provider's stock worth $946,000 after purchasing an additional 174 shares in the last quarter. Czech National Bank raised its holdings in JPMorgan Chase & Co. by 5.2% during the first quarter. Czech National Bank now owns 642,222 shares of the financial services provider's stock worth $157,537,000 after purchasing an additional 31,499 shares in the last quarter. Bond & Devick Financial Network Inc. raised its holdings in JPMorgan Chase & Co. by 19.0% during the first quarter. Bond & Devick Financial Network Inc. now owns 2,897 shares of the financial services provider's stock worth $711,000 after purchasing an additional 462 shares in the last quarter. Finally, Mirador Capital Partners LP raised its holdings in JPMorgan Chase & Co. by 5.0% during the first quarter. Mirador Capital Partners LP now owns 57,543 shares of the financial services provider's stock worth $14,115,000 after purchasing an additional 2,766 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on JPM shares. KGI Securities started coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating on the stock. Royal Bank of Canada reissued a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday. Piper Sandler reissued a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday. Bank of America reduced their target price on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, TD Securities raised their target price on JPMorgan Chase & Co. from $305.00 to $315.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $267.15.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 6,608 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the completion of the sale, the general counsel now owns 36,520 shares in the company, valued at approximately $9,703,729.20. The trade was a 15.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jennifer Piepszak sold 4,272 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.03, for a total value of $1,055,312.16. Following the completion of the transaction, the chief operating officer now owns 50,197 shares of the company's stock, valued at approximately $12,400,164.91. This represents a 7.84% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,594 shares of company stock valued at $23,991,061. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Up 0.2%

Shares of JPM traded up $0.46 on Monday, hitting $264.46. 6,008,253 shares of the stock traded hands, compared to its average volume of 9,550,450. JPMorgan Chase & Co. has a 1 year low of $190.88 and a 1 year high of $280.25. The stock's 50 day moving average is $245.86 and its two-hundred day moving average is $249.24. The firm has a market capitalization of $734.96 billion, a P/E ratio of 13.40, a P/E/G ratio of 2.83 and a beta of 1.07. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same quarter in the prior year, the company posted $4.44 EPS. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared 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. This represents a $5.60 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, July 3rd. 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.