ZWJ Investment Counsel Inc. Sells 5,584 Shares of JPMorgan Chase & Co. (NYSE:JPM)

ZWJ Investment Counsel Inc. trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 237,370 shares of the financial services provider's stock after selling 5,584 shares during the quarter. JPMorgan Chase & Co. makes up 2.4% of ZWJ Investment Counsel Inc.'s holdings, 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 filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Clark Asset Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 44.1% in the 1st quarter. Clark Asset Management LLC now owns 2,540 shares of the financial services provider's stock worth $623,000 after acquiring an additional 777 shares during the last quarter. Capital Investment Counsel Inc grew its holdings in shares of JPMorgan Chase & Co. by 3.4% in the 1st quarter. Capital Investment Counsel Inc now owns 5,804 shares of the financial services provider's stock worth $1,424,000 after acquiring an additional 190 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of JPMorgan Chase & Co. by 4.0% in the 1st quarter. First Horizon Advisors Inc. now owns 246,210 shares of the financial services provider's stock worth $60,396,000 after acquiring an additional 9,402 shares during the last quarter. Revisor Wealth Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the first quarter valued at $605,000. Finally, Strategic Financial Concepts LLC grew its holdings in shares of JPMorgan Chase & Co. by 2.8% during the first quarter. Strategic Financial Concepts LLC now owns 2,350 shares of the financial services provider's stock valued at $554,000 after buying an additional 64 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total value of $2,375,000.00. Following the transaction, the director directly owned 91,539 shares in the company, valued at approximately $22,884,750. The trade was a 9.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 6,608 shares of JPMorgan Chase & Co. stock in a transaction dated 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 completion of the transaction, the general counsel owned 36,520 shares in the company, valued at $9,703,729.20. The trade was a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,200 shares of company stock valued at $18,060,015. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock traded up $3.80 during trading on Thursday, reaching $286.96. The company's stock had a trading volume of 2,419,675 shares, compared to its average volume of 9,539,129. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89. The business's fifty day moving average price is $269.48 and its 200-day moving average price is $255.64. The firm has a market cap of $797.48 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 2.62 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $190.90 and a one year 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 analysts' consensus estimates of $4.63 by $0.44. The business had revenue of $45.30 billion for the quarter, compared to analyst estimates 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 for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.44 earnings per share. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of research analyst reports. Robert W. Baird downgraded JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target on the stock. in a report on Friday, June 27th. Bank of America lifted their price target on JPMorgan Chase & Co. from $300.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Piper Sandler reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Wells Fargo & Company reiterated an "overweight" rating on shares of JPMorgan Chase & Co. in a report on Monday. Finally, Hsbc Global Res downgraded JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $280.45.

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.