Vaughan Nelson Investment Management L.P. Sells 52,006 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Vaughan Nelson Investment Management L.P. trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.3% in the first quarter, Holdings Channel reports. The fund owned 767,704 shares of the financial services provider’s stock after selling 52,006 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.9% of Vaughan Nelson Investment Management L.P.’s investment portfolio, making the stock its 11th biggest holding. Vaughan Nelson Investment Management L.P.’s holdings in JPMorgan Chase & Co. were worth $188,318,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of JPM. Capital & Planning LLC boosted its holdings in 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 acquiring an additional 276 shares during the period. Brighton Jones LLC lifted its stake 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 buying an additional 4,841 shares during the period. 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. SMART Wealth LLC lifted its stake in shares of JPMorgan Chase & Co. by 117.5% in the fourth quarter. SMART Wealth LLC now owns 8,566 shares of the financial services provider’s stock valued at $2,053,000 after buying an additional 4,628 shares during the period. Finally, Centerline Wealth Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $624,000. 71.55% of the stock is currently owned by institutional investors.

Insider Activity at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,272 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.03, for a total value of $1,055,312.16. Following the completion of the sale, the chief operating officer now owns 50,197 shares of the company’s stock, valued at $12,400,164.91. This trade represents a 7.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jeremy Barnum sold 40,014 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the completion of the sale, the chief financial officer now directly owns 18,017 shares of the company’s stock, valued at approximately $4,518,123.09. This represents a 68.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,722 shares of company stock valued at $25,599,477 over the last quarter. Corporate insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Truist Financial increased their target price on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a “hold” rating in a research note on Monday, June 2nd. Cowen reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th. Royal Bank of Canada reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Finally, Robert W. Baird increased their target price on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday, May 20th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $269.65.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $264.72 on Monday. The firm has a market cap of $735.69 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 2.83 and a beta of 1.08. The company has a 50 day moving average of $252.10 and a 200-day moving average of $250.57. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.63 by $0.44. The business had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.44 earnings per share. On average, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared 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 dividend yield of 2.12%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio 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.