ZWJ Investment Counsel Inc. Reduces Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

ZWJ Investment Counsel Inc. cut its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 237,370 shares of the financial services provider's stock after selling 5,584 shares during the period. JPMorgan Chase & Co. accounts for 2.4% of ZWJ Investment Counsel Inc.'s portfolio, making the stock its 12th largest holding. ZWJ Investment Counsel Inc.'s holdings in JPMorgan Chase & Co. were worth $58,227,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Redwood Park Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $29,000. Curat Global LLC bought a new stake in JPMorgan Chase & Co. in the 1st quarter valued at $33,000. Sellwood Investment Partners LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $34,000. Investment Counsel Co. of Nevada bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $37,000. Finally, Prudent Man Investment Management Inc. bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $43,000. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on JPM shares. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Royal Bank Of Canada set a $305.00 price target on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, June 30th. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They issued a "buy" rating and a $305.00 price target on the stock. Truist Financial lifted their price objective on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research note on Wednesday. Finally, Citigroup set a $275.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a "buy" rating in a research note on Monday. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $280.45.

Insider Activity

In related news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the completion of the transaction, the director owned 91,539 shares in the company, valued at $22,884,750. The trade was a 9.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jennifer Piepszak sold 6,129 shares of the business's stock in a transaction that occurred 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 owned 68,583 shares of the company's stock, valued at approximately $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 90 days, insiders have sold 71,200 shares of company stock worth $18,060,015. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Up 0.1%

Shares of NYSE:JPM traded up $0.16 during trading hours on Wednesday, hitting $282.94. The company's stock had a trading volume of 11,269,934 shares, compared to its average volume of 9,564,642. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $786.32 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 2.71 and a beta of 1.10. The firm's fifty day moving average price is $268.71 and its 200 day moving average price is $255.45. JPMorgan Chase & Co. has a 52 week low of $190.90 and a 52 week high of $296.40.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. The firm had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. JPMorgan Chase & Co.'s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.44 EPS. As a group, research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 1.98%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 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.