Murphy Pohlad Asset Management LLC Sells 200 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Murphy Pohlad Asset Management LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,440 shares of the financial services provider’s stock after selling 200 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $489,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in JPM. Westend Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth about $58,000. Cherrydale Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 20.4% during the 1st quarter. Cherrydale Wealth Management LLC now owns 2,370 shares of the financial services provider’s stock worth $475,000 after purchasing an additional 402 shares during the last quarter. True North Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 3.1% during the 1st quarter. True North Advisors LLC now owns 6,332 shares of the financial services provider’s stock worth $1,268,000 after purchasing an additional 191 shares during the last quarter. Purus Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 21.1% during the 1st quarter. Purus Wealth Management LLC now owns 10,555 shares of the financial services provider’s stock worth $2,114,000 after purchasing an additional 1,836 shares during the last quarter. Finally, City Holding Co. lifted its position in shares of JPMorgan Chase & Co. by 2.2% during the 1st quarter. City Holding Co. now owns 44,360 shares of the financial services provider’s stock worth $8,885,000 after purchasing an additional 958 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Oppenheimer cut their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. Evercore ISI upped their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Piper Sandler upped their price objective on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, May 21st. Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Finally, Jefferies Financial Group increased their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $194.10.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $198.90 on Tuesday. The business’s fifty day moving average is $195.52 and its 200-day moving average is $185.17. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The company has a market cap of $571.18 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 2.67 and a beta of 1.12. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $205.88.

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, beating analysts’ consensus estimates of $4.18 by $0.45. The company had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. Equities research analysts forecast that JPMorgan Chase & Co. will post 16.41 EPS 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. Investors of record on Friday, July 5th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

Insider Buying and Selling

In related news, insider Robin Leopold sold 3,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $198.86, for a total transaction of $596,580.00. Following the sale, the insider now owns 44,113 shares of the company’s stock, valued at approximately $8,772,311.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the insider now owns 44,113 shares of the company’s stock, valued at approximately $8,772,311.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Dimon sold 178,222 shares of the firm’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 completion of the transaction, the chief executive officer now 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. In the last quarter, insiders have sold 250,565 shares of company stock valued at $46,962,717. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. 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.