Rogco LP Has $1.69 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Rogco LP lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,876 shares of the financial services provider’s stock after selling 424 shares during the quarter. JPMorgan Chase & Co. accounts for about 0.7% of Rogco LP’s investment portfolio, making the stock its 27th biggest holding. Rogco LP’s holdings in JPMorgan Chase & Co. were worth $1,687,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Redwood Park Advisors LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $29,000. Curat Global LLC acquired a new position in shares of JPMorgan Chase & Co. in the first quarter valued at $33,000. Sellwood Investment Partners LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $34,000. Investment Counsel Co. of Nevada acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $37,000. Finally, Prudent Man Investment Management Inc. acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Ratings Changes

JPM has been the topic of several research reports. TD Cowen started coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a “buy” rating and a $305.00 price target on the stock. Piper Sandler reiterated an “overweight” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday. Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. UBS Group increased their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, April 17th. Finally, Morgan Stanley set a $240.00 price objective on shares of JPMorgan Chase & Co. and gave the company an “equal weight” rating in a report on Monday, July 7th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $284.42.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $286.39 on Wednesday. The firm has a market capitalization of $795.90 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 2.64 and a beta of 1.10. The firm has a fifty day simple moving average of $272.45 and a two-hundred day simple moving average of $257.02. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. JPMorgan Chase & Co. has a 12 month low of $190.90 and a 12 month high of $296.40.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating analysts’ consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. JPMorgan Chase & Co.’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.12 EPS. Analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be paid a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 1.96%. JPMorgan Chase & Co.’s payout ratio is 27.49%.

Insider Activity

In other news, COO Jennifer Piepszak sold 6,128 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the sale, the chief operating officer owned 62,455 shares in the company, valued at $16,392,563.85. This represents a 8.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Linda Bammann sold 9,500 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the completion of the sale, the director owned 91,539 shares of the company’s stock, valued at approximately $22,884,750. The trade was a 9.40% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,200 shares of company stock worth $18,060,015. 0.47% of the stock is owned by 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.