JPMorgan Chase & Co. (NYSE:JPM) Holdings Increased by Drexel Morgan & Co.

Drexel Morgan & Co. grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,589 shares of the financial services provider’s stock after purchasing an additional 125 shares during the period. JPMorgan Chase & Co. comprises approximately 4.7% of Drexel Morgan & Co.’s holdings, making the stock its 7th largest holding. Drexel Morgan & Co.’s holdings in JPMorgan Chase & Co. were worth $22,752,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of JPM. JPMorgan Chase & Co. grew its position in shares of JPMorgan Chase & Co. by 2.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,706,258 shares of the financial services provider’s stock worth $682,502,000 after buying an additional 91,416 shares in the last quarter. Ramirez Asset Management Inc. bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth $2,068,000. Integrated Wealth Concepts LLC grew its position in shares of JPMorgan Chase & Co. by 0.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 110,673 shares of the financial services provider’s stock worth $16,050,000 after buying an additional 965 shares in the last quarter. Stonebridge Capital Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 1.4% during the 3rd quarter. Stonebridge Capital Advisors LLC now owns 153,907 shares of the financial services provider’s stock worth $22,320,000 after buying an additional 2,102 shares in the last quarter. Finally, Journey Advisory Group LLC grew its position in shares of JPMorgan Chase & Co. by 2.4% during the 3rd quarter. Journey Advisory Group LLC now owns 71,252 shares of the financial services provider’s stock worth $10,333,000 after buying an additional 1,651 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on JPM. Royal Bank of Canada reissued an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday. Keefe, Bruyette & Woods raised their price objective on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a research report on Tuesday, May 21st. Finally, Robert W. Baird raised their price objective on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $194.65.

Insider Activity at JPMorgan Chase & Co.

In other news, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mary E. Erdoes sold 15,895 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $193.66, for a total value of $3,078,225.70. Following the completion of the sale, the chief executive officer now directly owns 585,898 shares in the company, valued at $113,465,006.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 250,565 shares of company stock worth $46,962,717. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM traded down $3.90 during trading on Friday, hitting $204.79. The stock had a trading volume of 8,012,422 shares, compared to its average volume of 9,217,254. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $210.38. The stock has a market capitalization of $588.09 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 2.79 and a beta of 1.12. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The stock has a 50-day simple moving average of $198.18 and a two-hundred day simple moving average of $187.18.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The firm had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. On average, equities research analysts expect that JPMorgan Chase & Co. will post 16.5 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.