Douglas Lane & Associates LLC Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Douglas Lane & Associates LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 854,255 shares of the financial services provider’s stock after selling 19,499 shares during the quarter. JPMorgan Chase & Co. makes up approximately 2.4% of Douglas Lane & Associates LLC’s holdings, making the stock its 4th biggest position. Douglas Lane & Associates LLC’s holdings in JPMorgan Chase & Co. were worth $171,107,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Murphy Middleton Hinkle & Parker Inc. boosted its stake in JPMorgan Chase & Co. by 2.0% during the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,837 shares of the financial services provider’s stock valued at $568,000 after buying an additional 55 shares during the last quarter. &PARTNERS boosted its position in shares of JPMorgan Chase & Co. by 56.7% during the 1st quarter. &PARTNERS now owns 30,260 shares of the financial services provider’s stock valued at $6,073,000 after acquiring an additional 10,954 shares during the last quarter. Central Bank & Trust Co. grew its holdings in shares of JPMorgan Chase & Co. by 3.2% in the first quarter. Central Bank & Trust Co. now owns 17,368 shares of the financial services provider’s stock valued at $3,479,000 after purchasing an additional 535 shares in the last quarter. FOCUS Wealth Advisors LLC bought a new stake in JPMorgan Chase & Co. in the first quarter worth $223,000. Finally, Sanders Morris Harris LLC raised its stake in JPMorgan Chase & Co. by 131.3% during the first quarter. Sanders Morris Harris LLC now owns 20,494 shares of the financial services provider’s stock valued at $4,105,000 after purchasing an additional 11,633 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Lori A. Beer sold 3,920 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the sale, the insider now owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The disclosure for this sale can be found here. Insiders have sold a total of 254,485 shares of company stock worth $47,728,528 in the last three months. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Down 1.2 %

Shares of NYSE JPM traded down $2.37 during trading hours on Friday, reaching $196.30. The stock had a trading volume of 20,972,495 shares, compared to its average volume of 7,394,113. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $205.88. The firm has a market cap of $563.71 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 2.67 and a beta of 1.12. The business’s fifty day moving average price is $195.20 and its two-hundred day moving average price is $184.67. 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. (NYSE:JPMGet Free Report) last issued its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The business had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. Analysts expect that JPMorgan Chase & Co. will post 16.41 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders 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 yield of 2.34%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on JPM shares. Piper Sandler boosted their target price on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, May 21st. Evercore ISI upped their price objective on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. BMO Capital Markets lowered their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research note on Monday, April 15th. Robert W. Baird boosted their target price on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Finally, Jefferies Financial Group increased their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $194.10.

Read Our Latest Analysis on JPM

JPMorgan Chase & Co. Profile

(Free Report)

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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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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