JPMorgan Chase & Co. (NYSE:JPM) is MainStreet Investment Advisors LLC's 8th Largest Position

MainStreet Investment Advisors LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,024 shares of the financial services provider's stock after selling 2,208 shares during the quarter. JPMorgan Chase & Co. makes up 2.8% of MainStreet Investment Advisors LLC's portfolio, making the stock its 8th biggest position. MainStreet Investment Advisors LLC's holdings in JPMorgan Chase & Co. were worth $19,902,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in JPM. JPMorgan Chase & Co. grew its position in JPMorgan Chase & Co. by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock valued at $938,491,000 after purchasing an additional 319,730 shares during the last quarter. Regent Peak Wealth Advisors LLC grew its position in JPMorgan Chase & Co. by 2.3% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 6,517 shares of the financial services provider's stock valued at $1,562,000 after purchasing an additional 148 shares during the last quarter. RMR Wealth Builders grew its position in JPMorgan Chase & Co. by 4.4% during the 4th quarter. RMR Wealth Builders now owns 33,057 shares of the financial services provider's stock valued at $7,924,000 after purchasing an additional 1,382 shares during the last quarter. Cooper Financial Group grew its position in JPMorgan Chase & Co. by 11.6% during the 4th quarter. Cooper Financial Group now owns 8,201 shares of the financial services provider's stock valued at $1,966,000 after purchasing an additional 850 shares during the last quarter. Finally, Accelerate Investment Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 87.3% during the 4th quarter. Accelerate Investment Advisors LLC now owns 2,034 shares of the financial services provider's stock valued at $488,000 after acquiring an additional 948 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the sale, the insider now directly owns 50,377 shares of the company's stock, valued at $13,606,323.93. This trade represents a 2.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Linda Bammann sold 9,500 shares of the 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 sale, the director now directly owns 91,539 shares of the company's stock, valued at approximately $22,884,750. This trade represents a 9.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,188 shares of company stock valued at $33,095,363 in the last three months. 0.47% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

NYSE JPM traded up $0.16 on Friday, reaching $267.65. 8,920,049 shares of the stock were exchanged, compared to its average volume of 9,647,445. JPMorgan Chase & Co. has a one year low of $190.88 and a one year high of $280.25. The firm has a market capitalization of $743.83 billion, a PE ratio of 13.56, a PEG ratio of 2.83 and a beta of 1.07. The company's 50-day simple moving average is $240.72 and its two-hundred day simple moving average is $247.08. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results 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. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. During the same quarter last year, the business earned $4.44 EPS. The firm's revenue was up 8.0% compared to the same quarter last year. Analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th were issued a dividend of $1.40 per share. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.49%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a report on Thursday. They set a "buy" rating and a $305.00 price target on the stock. Evercore ISI dropped their price target on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Robert W. Baird raised shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and raised their price target for the company from $215.00 to $220.00 in a report on Friday, March 7th. Finally, UBS Group raised their price target on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.26.

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.