JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Perkins Coie Trust Co

Perkins Coie Trust Co boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 16.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 20,743 shares of the financial services provider’s stock after purchasing an additional 2,974 shares during the period. Perkins Coie Trust Co’s holdings in JPMorgan Chase & Co. were worth $4,155,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JPM. Stone House Investment Management LLC grew its position in shares of JPMorgan Chase & Co. by 132.8% during the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 89 shares during the period. Bare Financial Services Inc acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $35,000. Partnership Wealth Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $36,000. Stuart Chaussee & Associates Inc. purchased a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $40,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $40,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. StockNews.com lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 19th. Keefe, Bruyette & Woods raised their price target on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a research note on Tuesday, May 21st. Oppenheimer decreased their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Robert W. Baird raised their price target on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Finally, BMO Capital Markets decreased their target price on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $194.10.

JPMorgan Chase & Co. Stock Up 1.3 %

JPM stock opened at $198.90 on Tuesday. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $205.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50 day moving average price is $195.52 and its 200-day moving average price is $185.17. The firm has a market cap of $571.18 billion, a PE ratio of 12.01, a PEG ratio of 2.64 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The firm had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 16.44 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a $1.15 dividend. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.31%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the sale, the insider now owns 212,265 shares in the company, valued at approximately $42,355,358.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the transaction, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the transaction, the chief executive officer now owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 250,565 shares of company stock worth $46,962,717. Insiders own 0.79% of the company’s stock.

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.