JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Patron Partners LLC

Patron Partners LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 8.1% in the first quarter, Holdings Channel reports. The firm owned 5,484 shares of the financial services provider’s stock after buying an additional 410 shares during the period. Patron Partners LLC’s holdings in JPMorgan Chase & Co. were worth $1,345,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Mendel Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 1.2% in the 1st quarter. Mendel Capital Management LLC now owns 9,197 shares of the financial services provider’s stock worth $2,256,000 after purchasing an additional 105 shares in the last quarter. Confluence Wealth Services Inc. boosted its position in shares of JPMorgan Chase & Co. by 13.0% in the 1st quarter. Confluence Wealth Services Inc. now owns 49,779 shares of the financial services provider’s stock worth $11,991,000 after purchasing an additional 5,738 shares in the last quarter. CWC Advisors LLC. acquired a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth $392,000. Crescent Grove Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 2.3% in the 1st quarter. Crescent Grove Advisors LLC now owns 10,819 shares of the financial services provider’s stock worth $2,654,000 after purchasing an additional 241 shares in the last quarter. Finally, Tsfg LLC boosted its position in shares of JPMorgan Chase & Co. by 7.1% in the 1st quarter. Tsfg LLC now owns 3,895 shares of the financial services provider’s stock worth $956,000 after purchasing an additional 259 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analysts Set New Price Targets

JPM has been the subject of a number of research analyst reports. Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Friday, June 27th. UBS Group raised their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, April 17th. Truist Financial raised their target price on JPMorgan Chase & Co. from $270.00 to $280.00 and gave the stock a “hold” rating in a research note on Monday, June 2nd. Citigroup restated a “neutral” rating and issued a $275.00 target price (up previously from $250.00) on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 25th. Finally, Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Tuesday, June 10th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus target price of $277.74.

JPMorgan Chase & Co. Trading Up 1.4%

Shares of JPMorgan Chase & Co. stock opened at $296.13 on Friday. The stock has a market cap of $822.96 billion, a P/E ratio of 14.54, a P/E/G ratio of 2.72 and a beta of 1.10. The stock’s 50 day simple moving average is $265.91 and its 200-day simple moving average is $254.16. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $296.40. 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. (NYSE:JPM) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.63 by $0.44. The business 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%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.44 EPS. Analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.49%.

Insider Buying and Selling

In other news, COO Jennifer Piepszak sold 6,129 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.76, for a total transaction of $1,536,908.04. Following the transaction, the chief operating officer directly owned 68,583 shares in the company, valued at $17,197,873.08. The trade was a 8.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 6,608 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the sale, the general counsel directly owned 36,520 shares in the company, valued at approximately $9,703,729.20. The trade was a 15.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,200 shares of company stock valued at $18,060,015. 0.47% of the stock is currently owned by company insiders.

About JPMorgan Chase & Co.

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.