Ayrshire Capital Management LLC Sells 148 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Ayrshire Capital Management LLC reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,568 shares of the financial services provider’s stock after selling 148 shares during the period. Ayrshire Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,117,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV lifted its position in shares of JPMorgan Chase & Co. by 11.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 336,522 shares of the financial services provider’s stock worth $45,128,000 after purchasing an additional 34,068 shares during the last quarter. Argus Investors Counsel Inc. grew its stake in shares of JPMorgan Chase & Co. by 0.6% in the fourth quarter. Argus Investors Counsel Inc. now owns 24,284 shares of the financial services provider’s stock worth $3,256,000 after acquiring an additional 149 shares during the last quarter. Hixon Zuercher LLC increased its position in JPMorgan Chase & Co. by 0.8% during the fourth quarter. Hixon Zuercher LLC now owns 34,276 shares of the financial services provider’s stock worth $4,596,000 after acquiring an additional 264 shares during the period. Athena Investment Management raised its stake in JPMorgan Chase & Co. by 0.9% during the 4th quarter. Athena Investment Management now owns 28,247 shares of the financial services provider’s stock valued at $3,788,000 after purchasing an additional 244 shares during the last quarter. Finally, Watershed Private Wealth LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $419,000. 70.10% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 16,766 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $135.00, for a total value of $2,263,410.00. Following the transaction, the insider now directly owns 195,356 shares in the company, valued at $26,373,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Ashley Bacon sold 16,766 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $135.00, for a total transaction of $2,263,410.00. Following the completion of the transaction, the insider now directly owns 195,356 shares in the company, valued at approximately $26,373,060. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Daniel E. Pinto sold 113,640 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following the completion of the sale, the chief executive officer now owns 566,665 shares in the company, valued at $77,026,773.45. The disclosure for this sale can be found here. Insiders sold a total of 145,861 shares of company stock worth $19,858,275 in the last quarter. 0.79% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on JPM. Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $155.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, April 17th. Evercore ISI decreased their price objective on JPMorgan Chase & Co. from $155.00 to $151.00 in a report on Friday, May 12th. Barclays lowered their price objective on JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 12th. Piper Sandler raised their target price on JPMorgan Chase & Co. from $147.00 to $151.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Finally, Odeon Capital Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Monday, May 1st. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.65.

JPMorgan Chase & Co. Stock Down 0.5 %

Shares of NYSE JPM opened at $138.85 on Monday. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $144.34. The firm’s 50-day simple moving average is $138.71 and its 200 day simple moving average is $136.53. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.07. The company has a market cap of $405.76 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 1.93 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.41 by $0.69. The business had revenue of $38.35 billion for the quarter, compared to analysts’ expectations of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. JPMorgan Chase & Co.’s revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.63 earnings per share. On average, research analysts expect that JPMorgan Chase & Co. will post 14.43 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.

JPMorgan Chase & Co. Company Profile

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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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.

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