JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Griffith & Werner Inc.

Griffith & Werner Inc. lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 3,670 shares of the financial services provider’s stock after selling 50 shares during the period. Griffith & Werner Inc.’s holdings in JPMorgan Chase & Co. were worth $900,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in JPM. City Center Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the first quarter worth about $215,000. Wealthcare Capital Partners LLC raised its position in JPMorgan Chase & Co. by 3.4% during the first quarter. Wealthcare Capital Partners LLC now owns 3,481 shares of the financial services provider’s stock valued at $854,000 after acquiring an additional 115 shares in the last quarter. Barden Capital Management Inc. purchased a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $1,484,000. Miracle Mile Advisors LLC raised its position in JPMorgan Chase & Co. by 0.6% during the first quarter. Miracle Mile Advisors LLC now owns 105,219 shares of the financial services provider’s stock valued at $25,810,000 after acquiring an additional 624 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its position in JPMorgan Chase & Co. by 0.4% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 30,624 shares of the financial services provider’s stock valued at $7,512,000 after acquiring an additional 114 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on JPM shares. Wall Street Zen upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. TD Securities reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Piper Sandler reissued a “hold” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Finally, Baird R W raised JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $267.15.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $265.81 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The business’s 50 day moving average price is $247.68 and its 200-day moving average price is $249.96. The firm has a market capitalization of $738.71 billion, a PE ratio of 13.47, a P/E/G ratio of 2.83 and a beta of 1.08. JPMorgan Chase & Co. has a 1 year low of $190.88 and a 1 year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.63 by $0.44. The firm 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 16.99% and a net margin of 20.96%. The business’s revenue 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 expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.49%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the transaction, the insider now owns 49,127 shares of the company’s stock, valued at approximately $12,130,438.84. The trade was a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Stacey Friedman sold 6,608 shares of the business’s stock in a transaction on 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 transaction, the general counsel now directly owns 36,520 shares in the company, valued at $9,703,729.20. This trade represents a 15.32% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 101,722 shares of company stock valued at $25,599,477. Insiders own 0.47% of the company’s stock.

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.