Benin Management CORP Has $3.40 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Benin Management CORP lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,987 shares of the financial services provider’s stock after selling 459 shares during the quarter. JPMorgan Chase & Co. accounts for 1.1% of Benin Management CORP’s holdings, making the stock its 16th biggest position. Benin Management CORP’s holdings in JPMorgan Chase & Co. were worth $3,402,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in JPM. Wellington Wealth Strategies LLC. bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $1,145,000. Etfidea LLC raised its position in JPMorgan Chase & Co. by 5.4% during the fourth quarter. Etfidea LLC now owns 1,937 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 100 shares in the last quarter. Cooper Financial Group lifted its stake in JPMorgan Chase & Co. by 12.8% in the first quarter. Cooper Financial Group now owns 8,693 shares of the financial services provider’s stock valued at $1,741,000 after acquiring an additional 984 shares during the last quarter. Sutton Place Investors LLC grew its position in shares of JPMorgan Chase & Co. by 179.5% in the 4th 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. Finally, Spartan Planning & Wealth Management increased its stake in shares of JPMorgan Chase & Co. by 257.3% during the 4th quarter. Spartan Planning & Wealth Management now owns 3,780 shares of the financial services provider’s stock worth $643,000 after purchasing an additional 2,722 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $199.20 on Friday. The company’s 50-day moving average price is $196.22 and its two-hundred day moving average price is $185.53. The firm has a market cap of $572.04 billion, a P/E ratio of 12.03, a P/E/G ratio of 2.66 and a beta of 1.12. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 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 (EPS) for the quarter, topping 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 business had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. On average, analysts anticipate that JPMorgan Chase & Co. will post 16.44 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be paid a $1.15 dividend. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a dividend yield of 2.31%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on JPM shares. Piper Sandler lifted their price target on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, May 21st. UBS Group lifted their target price on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. StockNews.com lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Keefe, Bruyette & Woods raised their price target on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a report on Tuesday, May 21st. Finally, Robert W. Baird upped their price objective on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average price target of $194.10.

Insider Buying and Selling

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 transaction, the insider now owns 44,113 shares in the company, valued at $8,772,311.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Robin Leopold sold 3,000 shares of the stock in a transaction that occurred on 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 owns 44,113 shares of the company’s stock, valued at approximately $8,772,311.18. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 4,415 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the sale, the general counsel now directly owns 42,124 shares in the company, valued at approximately $8,452,180.60. The disclosure for this sale can be found here. Insiders sold a total of 250,565 shares of company stock worth $46,962,717 in the last ninety days. 0.79% of the stock is owned by 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.