Constitution Capital LLC Has $11.65 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Constitution Capital LLC trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,148 shares of the financial services provider’s stock after selling 125 shares during the period. JPMorgan Chase & Co. comprises about 6.6% of Constitution Capital LLC’s portfolio, making the stock its 3rd largest position. Constitution Capital LLC’s holdings in JPMorgan Chase & Co. were worth $11,647,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in JPM. Stone House Investment Management LLC boosted its position in JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares in the last quarter. Bare Financial Services Inc bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $35,000. Partnership Wealth Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $36,000. Stuart Chaussee & Associates Inc. bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $40,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on JPM. Morgan Stanley cut their price target on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a report on Tuesday, May 21st. Piper Sandler boosted their target price on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 21st. Robert W. Baird increased their price target on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Oppenheimer dropped their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $211.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued 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 at JPMorgan Chase & Co.

In other news, insider Elena A. Korablina sold 21,829 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the sale, the insider now directly owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the transaction, the insider now directly owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total transaction of $984,853.04. Following the completion of the sale, the insider now directly owns 217,351 shares in the company, valued at approximately $42,087,847.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 250,565 shares of company stock valued at $46,962,717. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $199.20 on Friday. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $205.88. 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 stock has a market cap of $572.04 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 2.66 and a beta of 1.12. The business has a 50-day simple moving average of $196.22 and a 200-day simple moving average of $185.53.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The company had revenue of $41.93 billion during 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%. On average, equities analysts expect that JPMorgan Chase & Co. will post 16.44 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared 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. 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%.

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.