AssuredPartners Investment Advisors LLC Has $7.35 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

AssuredPartners Investment Advisors LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,970 shares of the financial services provider’s stock after acquiring an additional 1,375 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.4% of AssuredPartners Investment Advisors LLC’s holdings, making the stock its 10th largest position. AssuredPartners Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $7,352,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Redwood Park Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $29,000. Curat Global LLC acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth approximately $33,000. Sellwood Investment Partners LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $34,000. Investment Counsel Co. of Nevada acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $37,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $43,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.5%

NYSE JPM opened at $287.31 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89. JPMorgan Chase & Co. has a 52 week low of $190.90 and a 52 week high of $289.41. The stock has a fifty day moving average of $261.55 and a 200-day moving average of $252.76. The stock has a market capitalization of $798.45 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 2.69 and a beta of 1.08.

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

JPMorgan Chase & Co. Announces Dividend

The business 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. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.95%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.49%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Truist Financial increased their target price on JPMorgan Chase & Co. from $270.00 to $280.00 and gave the stock a “hold” rating in a report on Monday, June 2nd. Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 price target for the company. in a report on Friday. Baird R W raised JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. TD Securities reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Finally, Evercore ISI dropped their price target on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $273.15.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,821 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $749,567.91. Following the transaction, the general counsel now directly owns 68,757 shares in the company, valued at approximately $18,269,422.47. The trade was a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following the transaction, the chief operating officer now owns 62,455 shares in the company, valued at approximately $16,392,563.85. This represents a 8.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,200 shares of company stock valued at $18,060,015 over the last three months. Company insiders own 0.47% of the company’s stock.

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.