QRG Capital Management Inc. Purchases 19,925 Shares of JPMorgan Chase & Co. (NYSE:JPM)

QRG Capital Management Inc. raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 522,491 shares of the financial services provider’s stock after purchasing an additional 19,925 shares during the quarter. JPMorgan Chase & Co. accounts for 1.3% of QRG Capital Management Inc.’s portfolio, making the stock its 11th largest holding. QRG Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $128,167,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Avid Wealth Partners LLC boosted its holdings in JPMorgan Chase & Co. by 22.2% during the first quarter. Avid Wealth Partners LLC now owns 1,453 shares of the financial services provider’s stock valued at $356,000 after purchasing an additional 264 shares in the last quarter. Sentry LLC boosted its holdings in JPMorgan Chase & Co. by 3.4% during the first quarter. Sentry LLC now owns 6,101 shares of the financial services provider’s stock valued at $1,497,000 after purchasing an additional 200 shares in the last quarter. Highline Wealth Partners LLC boosted its holdings in JPMorgan Chase & Co. by 6.7% during the first quarter. Highline Wealth Partners LLC now owns 13,983 shares of the financial services provider’s stock valued at $3,430,000 after purchasing an additional 884 shares in the last quarter. Sagespring Wealth Partners LLC boosted its holdings in JPMorgan Chase & Co. by 8.0% during the first quarter. Sagespring Wealth Partners LLC now owns 66,911 shares of the financial services provider’s stock valued at $16,413,000 after purchasing an additional 4,968 shares in the last quarter. Finally, Precedent Wealth Partners LLC boosted its holdings in JPMorgan Chase & Co. by 14.2% during the first quarter. Precedent Wealth Partners LLC now owns 10,897 shares of the financial services provider’s stock valued at $2,673,000 after purchasing an additional 1,354 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 25,000 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.02, for a total value of $6,175,500.00. Following the sale, the chief executive officer now owns 133,381 shares of the company’s stock, valued at $32,947,774.62. This trade represents a 15.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated 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 directly owns 49,127 shares in the company, valued at $12,130,438.84. This represents a 2.48% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,722 shares of company stock valued at $25,599,477. 0.47% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. KGI Securities assumed coverage on JPMorgan Chase & Co. in a report on Sunday, April 13th. They set a “hold” rating on the stock. Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Evercore ISI decreased their price target on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Royal Bank Of Canada restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Finally, Wall Street Zen upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $271.70.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $273.83 on Thursday. The company has a market capitalization of $760.98 billion, a PE ratio of 13.44, a PEG ratio of 2.72 and a beta of 1.08. JPMorgan Chase & Co. has a 12 month low of $190.90 and a 12 month high of $280.25. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. The stock’s fifty day simple moving average is $254.66 and its 200 day simple moving average is $251.00.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.44 EPS. On average, research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.05%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s payout ratio is presently 27.49%.

JPMorgan Chase & Co. Company 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.