City Center Advisors LLC Takes $215,000 Position in JPMorgan Chase & Co. (NYSE:JPM)

City Center Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) in the first quarter, Holdings Channel.com reports. The fund bought 877 shares of the financial services provider’s stock, valued at approximately $215,000.

A number of other large investors have also recently made changes to their positions in JPM. Capital & Planning LLC boosted its stake in shares of JPMorgan Chase & Co. by 13.3% during 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. Financial Partners Group Inc raised its holdings in shares of JPMorgan Chase & Co. by 4.8% in the fourth quarter. Financial Partners Group Inc now owns 5,235 shares of the financial services provider’s stock valued at $1,255,000 after acquiring an additional 239 shares in the last quarter. Brighton Jones LLC raised its holdings 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 acquiring an additional 4,841 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $66,088,000. Finally, Abundance Wealth Counselors raised its holdings in shares of JPMorgan Chase & Co. by 0.4% in the fourth quarter. Abundance Wealth Counselors now owns 13,768 shares of the financial services provider’s stock valued at $3,300,000 after acquiring an additional 56 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on JPM. Bank of America decreased their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. KGI Securities began coverage on JPMorgan Chase & Co. in a report on Sunday, April 13th. They issued a “hold” rating for the company. TD Securities restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Morgan Stanley restated an “equal weight” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Finally, Piper Sandler restated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $267.15.

Insider Activity

In other news, COO Jennifer Piepszak sold 4,272 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the transaction, the chief operating officer now owns 50,197 shares in the company, valued at $12,400,164.91. This represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the sale, the insider now owns 49,127 shares in the company, valued at approximately $12,130,438.84. This represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,722 shares of company stock worth $25,599,477 over the last 90 days. 0.47% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

JPM opened at $265.81 on Monday. JPMorgan Chase & Co. has a 52-week low of $190.88 and a 52-week high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company has a market cap of $738.71 billion, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08. The firm’s 50-day moving average price is $247.68 and its 200-day moving average price is $249.96.

JPMorgan Chase & Co. (NYSE:JPM) last posted 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. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the prior year, the company posted $4.44 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 2.11%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 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.