JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Tassel Capital Management Inc.

Tassel Capital Management Inc. trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 24.1% in the first quarter, HoldingsChannel.com reports. The fund owned 2,114 shares of the financial services provider’s stock after selling 671 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.5% of Tassel Capital Management Inc.’s portfolio, making the stock its 15th biggest position. Tassel Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $519,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Capital & Planning LLC grew its position in shares of JPMorgan Chase & Co. by 13.3% in the fourth quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider’s stock valued at $565,000 after purchasing an additional 276 shares during the period. Brighton Jones LLC grew its position in shares of JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after purchasing an additional 4,841 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $66,088,000. SOA Wealth Advisors LLC. grew its position in shares of JPMorgan Chase & Co. by 1.2% in the fourth quarter. SOA Wealth Advisors LLC. now owns 21,337 shares of the financial services provider’s stock valued at $5,115,000 after purchasing an additional 255 shares during the period. Finally, Bank Pictet & Cie Europe AG grew its position in shares of JPMorgan Chase & Co. by 0.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider’s stock valued at $46,068,000 after purchasing an additional 1,229 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on JPM. Bank of America lifted their price objective on JPMorgan Chase & Co. from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, June 18th. KGI Securities began coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They issued a “hold” rating for the company. Robert W. Baird lifted their price objective on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, May 20th. Morgan Stanley lifted their price objective on JPMorgan Chase & Co. from $236.00 to $240.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Truist Financial boosted their price target on JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a “hold” rating in a research report on Monday, June 2nd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $271.90.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CFO Jeremy Barnum sold 40,014 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total value of $10,034,310.78. Following the completion of the sale, the chief financial officer now owns 18,017 shares in the company, valued at $4,518,123.09. This represents a 68.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following the sale, the chief operating officer now owns 62,455 shares of the company’s stock, valued at approximately $16,392,563.85. This represents a 8.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,200 shares of company stock valued at $18,060,015. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Trading Up 1.0%

Shares of JPM opened at $284.14 on Thursday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 12 month low of $190.90 and a 12 month high of $284.28. The stock’s 50-day moving average is $259.29 and its two-hundred day moving average is $252.14. The stock has a market cap of $789.65 billion, a PE ratio of 13.95, a P/E/G ratio of 2.63 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.44. The firm had revenue of $45.30 billion for the quarter, compared to analysts’ expectations of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. JPMorgan Chase & Co.’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.44 earnings per share. Equities analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.49%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.