Epiq Partners LLC Takes $214,000 Position in JPMorgan Chase & Co. (NYSE:JPM)

Epiq Partners LLC purchased a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,068 shares of the financial services provider’s stock, valued at approximately $214,000.

Several other institutional investors have also made changes to their positions in JPM. Stone House Investment Management LLC lifted its holdings in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 89 shares during the last quarter. Bare Financial Services Inc acquired a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $35,000. Partnership Wealth Management LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $36,000. Stuart Chaussee & Associates Inc. bought a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $40,000. Finally, Vermillion & White Wealth Management Group LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $40,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total value of $984,853.04. Following the completion of the sale, the insider now owns 217,351 shares of the company’s stock, valued at approximately $42,087,847.64. The disclosure for this sale can be found here. Insiders have sold 250,565 shares of company stock valued at $46,962,717 over the last 90 days. 0.79% of the stock is owned by company insiders.

Analyst Ratings Changes

JPM has been the topic of several recent analyst reports. Evercore ISI lifted their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. UBS Group lifted their price target 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 lifted their price target 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. Robert W. Baird lifted their price target on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $211.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $194.10.

JPMorgan Chase & Co. Trading Up 1.6 %

Shares of JPM opened at $202.34 on Friday. 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. The firm has a market capitalization of $581.05 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 2.65 and a beta of 1.12. The stock’s fifty day simple moving average is $196.91 and its 200-day simple moving average is $185.92.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating 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. As a group, research analysts predict that JPMorgan Chase & Co. will post 16.44 earnings per share 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. Stockholders 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 dividend yield of 2.27%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) 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.