Bowman & Co S.C. Has $4.34 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Bowman & Co S.C. decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,683 shares of the financial services provider’s stock after selling 383 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.6% of Bowman & Co S.C.’s holdings, making the stock its 8th largest position. Bowman & Co S.C.’s holdings in JPMorgan Chase & Co. were worth $4,343,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Teza Capital Management LLC lifted its position in shares of JPMorgan Chase & Co. by 40.8% in the 3rd quarter. Teza Capital Management LLC now owns 12,044 shares of the financial services provider’s stock worth $1,747,000 after acquiring an additional 3,487 shares during the period. Sherbrooke Park Advisers LLC bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth approximately $244,000. Gotham Asset Management LLC lifted its position in shares of JPMorgan Chase & Co. by 1.9% in the 3rd quarter. Gotham Asset Management LLC now owns 54,961 shares of the financial services provider’s stock worth $7,970,000 after acquiring an additional 1,029 shares during the period. Northeast Financial Consultants Inc lifted its position in shares of JPMorgan Chase & Co. by 0.6% during the 3rd quarter. Northeast Financial Consultants Inc now owns 178,875 shares of the financial services provider’s stock worth $25,940,000 after buying an additional 1,053 shares during the period. Finally, Waverly Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 68.2% during the 3rd quarter. Waverly Advisors LLC now owns 40,710 shares of the financial services provider’s stock worth $5,904,000 after buying an additional 16,513 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.9 %

NYSE JPM opened at $199.20 on Friday. The stock has a fifty day moving average of $196.22 and a 200-day moving average of $185.53. The stock has a market capitalization of $572.04 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 2.65 and a beta of 1.12. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $205.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92.

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 return on equity of 17.79% and a net margin of 20.05%. The business had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 16.44 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

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. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.31%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

Analyst Upgrades and Downgrades

JPM has been the subject of several analyst reports. UBS Group raised their target price 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. Piper Sandler raised their target price on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 21st. StockNews.com downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th. Oppenheimer cut their target price 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. Finally, BMO Capital Markets cut their target price on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $194.10.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. 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 transaction, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other 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 value of $885,869.75. Following the sale, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The sale was disclosed in a filing with the SEC, 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 completion of the sale, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 250,565 shares of company stock worth $46,962,717. Corporate insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

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.