JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Procyon Advisors LLC

Procyon Advisors LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,501 shares of the financial services provider’s stock after selling 170 shares during the period. JPMorgan Chase & Co. accounts for about 1.4% of Procyon Advisors LLC’s holdings, making the stock its 15th biggest holding. Procyon Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $18,528,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of JPM. Teza Capital Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 40.8% in the third quarter. Teza Capital Management LLC now owns 12,044 shares of the financial services provider’s stock valued at $1,747,000 after purchasing an additional 3,487 shares during the period. Sherbrooke Park Advisers LLC purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $244,000. Insigneo Advisory Services LLC grew its holdings in shares of JPMorgan Chase & Co. by 8.2% in the third quarter. Insigneo Advisory Services LLC now owns 34,805 shares of the financial services provider’s stock valued at $5,047,000 after purchasing an additional 2,640 shares during the period. AQR Capital Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 54.6% in the third quarter. AQR Capital Management LLC now owns 782,582 shares of the financial services provider’s stock valued at $113,490,000 after purchasing an additional 276,429 shares during the period. Finally, Fairhaven Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.3% in the third quarter. Fairhaven Wealth Management LLC now owns 30,393 shares of the financial services provider’s stock valued at $4,408,000 after purchasing an additional 90 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group upped their price objective on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $211.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Piper Sandler increased their target price on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 21st. Finally, Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 21st. 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’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $194.10.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the sale, the chief executive officer now owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, 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 value of $984,853.04. Following the transaction, the insider now directly owns 217,351 shares of the company’s stock, valued at approximately $42,087,847.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the transaction, the chief executive officer now directly 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 quarter, insiders have sold 250,565 shares of company stock valued at $46,962,717. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Up 1.6 %

Shares of NYSE:JPM opened at $202.34 on Friday. The firm’s 50 day moving average price is $196.91 and its 200 day moving average price is $185.92. The stock has a market cap of $581.05 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 2.65 and a beta of 1.12. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two 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.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.45. The firm had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 16.44 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.27%. JPMorgan Chase & Co.’s payout ratio is currently 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.