JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Lifted by Greystone Financial Group LLC

Greystone Financial Group LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,166 shares of the financial services provider’s stock after acquiring an additional 859 shares during the period. JPMorgan Chase & Co. accounts for approximately 2.7% of Greystone Financial Group LLC’s holdings, making the stock its 8th biggest holding. Greystone Financial Group LLC’s holdings in JPMorgan Chase & Co. were worth $14,759,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Fourth Dimension Wealth LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $471,000. Disciplined Investments LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $217,000. LGT Group Foundation boosted its holdings in JPMorgan Chase & Co. by 2.8% in the fourth quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider’s stock valued at $126,040,000 after acquiring an additional 14,300 shares in the last quarter. Kinsale Capital Group Inc. boosted its holdings in JPMorgan Chase & Co. by 11.1% in the fourth quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider’s stock valued at $10,483,000 after acquiring an additional 4,375 shares in the last quarter. Finally, Jag Capital Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 10.5% during the 4th quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider’s stock valued at $353,000 after buying an additional 140 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Insiders Place Their Bets

In other news, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the sale, the insider now owns 49,127 shares of the company’s stock, valued at $12,130,438.84. This represents a 2.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Stacey Friedman sold 6,608 shares of the company’s stock in a transaction dated 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 now directly owns 36,520 shares of the company’s stock, valued at $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 90 days, insiders sold 101,722 shares of company stock valued at $25,599,477. 0.47% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on JPM shares. TD Cowen started coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a “buy” rating and a $305.00 target price on the stock. Morgan Stanley restated an “equal weight” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Baird R W upgraded shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. UBS Group boosted their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, April 17th. Finally, Evercore ISI dropped their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $267.15.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $266.70 on Tuesday. JPMorgan Chase & Co. has a fifty-two week low of $190.88 and a fifty-two week high of $280.25. The business has a 50-day simple moving average of $248.09 and a two-hundred day simple moving average of $250.08. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The firm has a market cap of $741.18 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08.

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 analysts’ consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. During the same quarter in the previous year, the firm earned $4.44 EPS. JPMorgan Chase & Co.’s revenue was up 8.0% on a year-over-year basis. On average, analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 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.