Highline Wealth Partners LLC Buys 884 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Highline Wealth Partners LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 6.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,983 shares of the financial services provider’s stock after acquiring an additional 884 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.2% of Highline Wealth Partners LLC’s holdings, making the stock its 25th biggest holding. Highline Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $3,430,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in JPM. Norges Bank bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $8,310,884,000. GAMMA Investing LLC boosted its holdings in shares of JPMorgan Chase & Co. by 25,861.9% during the 1st quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider’s stock valued at $5,778,289,000 after buying an additional 23,465,278 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of JPMorgan Chase & Co. by 15.4% during the 4th quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider’s stock valued at $8,113,147,000 after buying an additional 4,515,147 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 34,259.3% during the 4th quarter. Proficio Capital Partners LLC now owns 3,499,499 shares of the financial services provider’s stock valued at $838,865,000 after buying an additional 3,489,314 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of JPMorgan Chase & Co. by 31.4% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,684,810 shares of the financial services provider’s stock valued at $2,561,256,000 after buying an additional 2,551,899 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO Troy L. Rohrbaugh sold 25,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.02, for a total value of $6,175,500.00. Following the transaction, the chief executive officer now owns 133,381 shares in the company, valued at $32,947,774.62. This represents a 15.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the transaction, the insider now owns 49,127 shares in the company, valued at $12,130,438.84. This trade represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,722 shares of company stock worth $25,599,477 in the last quarter. Company insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Tuesday, June 10th. TD Cowen assumed 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. 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. Truist Financial upped their price target on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the stock a “hold” rating in a research note on Monday, June 2nd. Finally, Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $271.70.

JPMorgan Chase & Co. Price Performance

JPM opened at $273.83 on Thursday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $760.98 billion, a P/E ratio of 13.44, a P/E/G ratio of 2.72 and a beta of 1.08. The company’s 50-day simple moving average is $254.66 and its two-hundred day simple moving average is $251.00. JPMorgan Chase & Co. has a 52-week low of $190.90 and a 52-week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion for the quarter, compared to analysts’ expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.44 EPS. As a group, 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. Stockholders of record on Thursday, July 3rd will be paid a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) 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.