YANKCOM Partnership Sells 1,552 Shares of JPMorgan Chase & Co. (NYSE:JPM)

YANKCOM Partnership lessened its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 12.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,872 shares of the financial services provider's stock after selling 1,552 shares during the period. JPMorgan Chase & Co. makes up 1.5% of YANKCOM Partnership's portfolio, making the stock its 13th biggest position. YANKCOM Partnership's holdings in JPMorgan Chase & Co. were worth $2,667,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brighton Jones LLC increased its stake in 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 valued at $11,682,000 after buying an additional 4,841 shares during the period. SOA Wealth Advisors LLC. grew its stake in shares of JPMorgan Chase & Co. by 1.2% in the 4th quarter. SOA Wealth Advisors LLC. now owns 21,337 shares of the financial services provider's stock worth $5,115,000 after purchasing an additional 255 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of JPMorgan Chase & Co. by 0.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock worth $46,068,000 after purchasing an additional 1,229 shares during the last quarter. Highview Capital Management LLC DE grew its stake in shares of JPMorgan Chase & Co. by 16.1% in the 4th quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock worth $3,266,000 after purchasing an additional 1,893 shares during the last quarter. Finally, KKM Financial LLC grew its stake in shares of JPMorgan Chase & Co. by 3.9% in the 4th quarter. KKM Financial LLC now owns 16,854 shares of the financial services provider's stock worth $4,040,000 after purchasing an additional 640 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Activity

In other news, CFO Jeremy Barnum sold 40,014 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total value of $10,034,310.78. Following the transaction, the chief financial officer owned 18,017 shares of the company's stock, valued at $4,518,123.09. This trade represents a 68.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jennifer Piepszak sold 6,129 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.76, for a total transaction of $1,536,908.04. Following the transaction, the chief operating officer directly owned 68,583 shares in the company, valued at $17,197,873.08. This trade represents a 8.20% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,200 shares of company stock worth $18,060,015. 0.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on JPM shares. Wells Fargo & Company reaffirmed an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Monday, July 7th. Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Morgan Stanley set a $240.00 price objective on shares of JPMorgan Chase & Co. and gave the stock an "equal weight" rating in a research note on Monday, July 7th. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a "buy" rating and a $305.00 price objective on the stock. Finally, Truist Financial raised their target price on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $284.42.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM traded down $1.41 during trading on Friday, reaching $286.78. The stock had a trading volume of 7,378,197 shares, compared to its average volume of 9,530,369. JPMorgan Chase & Co. has a 52 week low of $190.90 and a 52 week high of $296.40. The firm has a market capitalization of $796.99 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 2.62 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. The stock has a fifty day simple moving average of $270.98 and a two-hundred day simple moving average of $256.39.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS 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 company had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same quarter last year, the firm posted $4.44 earnings per share. The company's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is 27.49%.

JPMorgan Chase & Co. 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.