Newbridge Financial Services Group Inc. Reduces Position in JPMorgan Chase & Co. (NYSE:JPM)

Newbridge Financial Services Group Inc. decreased its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 62.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,017 shares of the financial services provider's stock after selling 6,689 shares during the period. Newbridge Financial Services Group Inc.'s holdings in JPMorgan Chase & Co. were worth $805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Etfidea LLC raised its stake in shares of JPMorgan Chase & Co. by 5.4% during the 4th quarter. Etfidea LLC now owns 1,937 shares of the financial services provider's stock valued at $329,000 after buying an additional 100 shares during the last quarter. TKG Advisors LLC raised its position in JPMorgan Chase & Co. by 97.6% during the third quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider's stock valued at $1,915,000 after acquiring an additional 6,521 shares in the last quarter. Sutton Place Investors LLC lifted its holdings in JPMorgan Chase & Co. by 179.5% in the fourth quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider's stock valued at $2,228,000 after acquiring an additional 8,412 shares during the period. Allen Investment Management LLC boosted its position in JPMorgan Chase & Co. by 15.8% in the 3rd quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider's stock worth $25,341,000 after purchasing an additional 23,894 shares in the last quarter. Finally, Breakwater Capital Group grew its stake in shares of JPMorgan Chase & Co. by 12.3% during the 3rd quarter. Breakwater Capital Group now owns 8,558 shares of the financial services provider's stock worth $1,189,000 after purchasing an additional 934 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Activity

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 3,000 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $198.86, for a total value of $596,580.00. Following the completion of the sale, the insider now owns 44,113 shares in the company, valued at approximately $8,772,311.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the company's stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the sale, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robin Leopold sold 3,000 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $198.86, for a total value of $596,580.00. Following the completion of the transaction, the insider now directly owns 44,113 shares in the company, valued at $8,772,311.18. The disclosure for this sale can be found here. Insiders sold a total of 249,399 shares of company stock valued at $46,713,667 over the last quarter. Company insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded down $1.39 during trading on Thursday, reaching $196.92. The company had a trading volume of 7,876,470 shares, compared to its average volume of 9,316,892. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a twelve month low of $134.40 and a twelve month high of $205.88. The stock has a 50-day moving average price of $194.32 and a two-hundred day moving average price of $177.52. The stock has a market capitalization of $565.49 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The firm had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 16.31 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.78%.

Analyst Ratings Changes

Several research firms recently issued reports on JPM. Royal Bank of Canada reiterated an "outperform" rating and issued a $211.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday. Jefferies Financial Group upped their price objective on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. Piper Sandler raised their target price on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an "overweight" rating in a research report on Tuesday. Morgan Stanley cut their price target on JPMorgan Chase & Co. from $216.00 to $214.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a "market perform" rating in a report on Tuesday. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and a consensus target price of $194.10.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

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