JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Cypress Asset Management Inc. TX

Cypress Asset Management Inc. TX lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,661 shares of the financial services provider’s stock after selling 1,103 shares during the period. JPMorgan Chase & Co. comprises 3.4% of Cypress Asset Management Inc. TX’s portfolio, making the stock its 5th largest holding. Cypress Asset Management Inc. TX’s holdings in JPMorgan Chase & Co. were worth $12,414,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JPM. Activest Wealth Management raised its position in shares of JPMorgan Chase & Co. by 1,111.1% in the fourth quarter. Activest Wealth Management now owns 436 shares of the financial services provider’s stock valued at $74,000 after buying an additional 400 shares during the last quarter. Next Capital Management LLC increased its position in JPMorgan Chase & Co. by 2.0% during the fourth quarter. Next Capital Management LLC now owns 15,115 shares of the financial services provider’s stock worth $2,571,000 after purchasing an additional 298 shares during the last quarter. New Potomac Partners LLC grew its stake in JPMorgan Chase & Co. by 8.9% during the fourth quarter. New Potomac Partners LLC now owns 19,048 shares of the financial services provider’s stock worth $3,240,000 after buying an additional 1,556 shares during the period. Meridian Financial Partners LLC grew its stake in JPMorgan Chase & Co. by 5.9% during the fourth quarter. Meridian Financial Partners LLC now owns 9,782 shares of the financial services provider’s stock worth $1,638,000 after buying an additional 543 shares during the period. Finally, Summit Financial Wealth Advisors LLC grew its stake in JPMorgan Chase & Co. by 3.2% during the fourth quarter. Summit Financial Wealth Advisors LLC now owns 9,473 shares of the financial services provider’s stock worth $1,611,000 after buying an additional 294 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In related 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 value of $4,167,374.39. Following the completion of the transaction, the insider now owns 6,484 shares in the company, valued at approximately $1,237,860.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the transaction, the insider now owns 212,265 shares in the company, valued at approximately $42,355,358.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Elena A. Korablina sold 21,829 shares of the firm’s 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 transaction, the insider now owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The disclosure for this sale can be found here. Insiders sold 72,343 shares of company stock worth $14,137,789 in the last 90 days. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock traded down $8.82 during trading hours on Friday, reaching $199.14. The stock had a trading volume of 18,041,676 shares, compared to its average volume of 9,240,251. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $217.56. The firm has a 50-day simple moving average of $203.48 and a 200-day simple moving average of $192.96. The firm has a market capitalization of $571.86 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The business had revenue of $50.80 billion for the quarter, compared to analysts’ expectations of $42.23 billion. During the same quarter last year, the company earned $4.37 EPS. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were given a $1.15 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.31%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.66%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on JPM. Morgan Stanley upped their target price on shares of JPMorgan Chase & Co. from $221.00 to $226.00 and gave the company an “overweight” rating in a research note on Tuesday. Wolfe Research downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Jefferies Financial Group upped their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Finally, Citigroup upped their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $205.71.

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.