RAM Investment Partners LLC Acquires 94 Shares of JPMorgan Chase & Co. (NYSE:JPM)

RAM Investment Partners LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,561 shares of the financial services provider’s stock after buying an additional 94 shares during the quarter. RAM Investment Partners LLC’s holdings in JPMorgan Chase & Co. were worth $383,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of JPM. Redwood Park Advisors LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter worth $29,000. Curat Global LLC acquired a new stake in JPMorgan Chase & Co. in the 1st quarter worth $33,000. Sellwood Investment Partners LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $34,000. Investment Counsel Co. of Nevada acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $37,000. Finally, Prudent Man Investment Management Inc. acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $43,000. 71.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank Of Canada restated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Piper Sandler restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. TD Securities reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 price target on the stock. in a research note on Friday. Finally, Wells Fargo & Company increased their price objective on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Tuesday, June 10th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $273.15.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the transaction, the chief operating officer now owns 62,455 shares of the company’s stock, valued at approximately $16,392,563.85. This represents a 8.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $1,755,811.68. Following the completion of the transaction, the general counsel now owns 36,520 shares in the company, valued at $9,703,729.20. The trade was a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,200 shares of company stock valued at $18,060,015 over the last ninety days. 0.47% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $287.31 on Friday. The stock has a market capitalization of $798.45 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 2.67 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. JPMorgan Chase & Co. has a 1 year low of $190.90 and a 1 year high of $289.41. The firm has a 50 day moving average of $261.55 and a 200-day moving average of $252.82.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data 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 firm had revenue of $45.30 billion during 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 business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.44 EPS. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be issued a $1.40 dividend. 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 is 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.