JPMorgan Chase & Co. (NYSE:JPM) Holdings Decreased by Cardano Risk Management B.V.

Cardano Risk Management B.V. trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 620,616 shares of the financial services provider’s stock after selling 1,390 shares during the period. JPMorgan Chase & Co. comprises 3.9% of Cardano Risk Management B.V.’s investment portfolio, making the stock its 9th largest position. Cardano Risk Management B.V.’s holdings in JPMorgan Chase & Co. were worth $124,309,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in JPMorgan Chase & Co. by 10.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,657 shares of the financial services provider’s stock worth $5,461,000 after purchasing an additional 3,471 shares during the period. Parkside Financial Bank & Trust increased its stake in JPMorgan Chase & Co. by 2.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 20,708 shares of the financial services provider’s stock worth $3,003,000 after purchasing an additional 460 shares during the period. PGIM Custom Harvest LLC increased its stake in JPMorgan Chase & Co. by 13.0% in the 3rd quarter. PGIM Custom Harvest LLC now owns 3,190 shares of the financial services provider’s stock worth $463,000 after purchasing an additional 367 shares during the period. Operose Advisors LLC increased its stake in JPMorgan Chase & Co. by 161.7% in the 3rd quarter. Operose Advisors LLC now owns 3,271 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 2,021 shares during the period. Finally, One Charles Private Wealth Services LLC grew its position in shares of JPMorgan Chase & Co. by 2.2% in the 3rd quarter. One Charles Private Wealth Services LLC now owns 11,450 shares of the financial services provider’s stock worth $1,660,000 after buying an additional 241 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at JPMorgan Chase & Co.

In related 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 hyperlink. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the business’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 owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the sale, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 254,485 shares of company stock worth $47,728,528. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Trading Down 1.2 %

JPMorgan Chase & Co. stock opened at $196.30 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The business’s fifty day simple moving average is $195.20 and its two-hundred day simple moving average is $184.67. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $205.88. The company has a market capitalization of $563.71 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 2.67 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly 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 firm had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. As a group, equities analysts predict that JPMorgan Chase & Co. will post 16.41 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 21st. UBS Group lifted their price objective on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Morgan Stanley cut their price objective on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 21st. Oppenheimer cut their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Finally, Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.