JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Grimes & Company Inc.

Grimes & Company Inc. grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,356 shares of the financial services provider’s stock after buying an additional 1,113 shares during the period. Grimes & Company Inc.’s holdings in JPMorgan Chase & Co. were worth $18,499,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. WoodTrust Financial Corp raised its stake in shares of JPMorgan Chase & Co. by 1.7% in the first quarter. WoodTrust Financial Corp now owns 78,985 shares of the financial services provider’s stock worth $15,821,000 after purchasing an additional 1,291 shares during the last quarter. Griffin Asset Management Inc. increased its holdings in JPMorgan Chase & Co. by 0.8% in the 1st quarter. Griffin Asset Management Inc. now owns 67,219 shares of the financial services provider’s stock worth $13,464,000 after buying an additional 533 shares during the period. Criterion Capital Advisors LLC raised its position in JPMorgan Chase & Co. by 3.6% during the 1st quarter. Criterion Capital Advisors LLC now owns 18,835 shares of the financial services provider’s stock worth $3,773,000 after buying an additional 663 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in JPMorgan Chase & Co. by 5.2% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 27,149 shares of the financial services provider’s stock valued at $5,438,000 after acquiring an additional 1,330 shares during the period. Finally, Garrison Bradford & Associates Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at $200,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the sale, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other JPMorgan Chase & Co. news, 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 transaction, the general counsel now owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Elena A. Korablina sold 21,829 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the completion of the sale, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The disclosure for this sale can be found here. Insiders have sold 250,565 shares of company stock valued at $46,962,717 in the last ninety days. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Stock Up 1.6 %

Shares of JPM opened at $205.45 on Tuesday. The stock has a 50 day moving average price of $196.91 and a 200 day moving average price of $186.28. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $207.09. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $589.98 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 2.72 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. The business had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. Equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.24%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of research reports. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a research report on Tuesday, May 21st. Morgan Stanley decreased their price objective on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a 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 report on Tuesday, May 21st. BMO Capital Markets reduced their price target 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. Finally, UBS Group upped their price objective 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. One equities research 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $194.10.

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.