Slagle Financial LLC Has $5.38 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Slagle Financial LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,935 shares of the financial services provider’s stock after acquiring an additional 492 shares during the period. JPMorgan Chase & Co. accounts for about 2.4% of Slagle Financial LLC’s investment portfolio, making the stock its 10th largest holding. Slagle Financial LLC’s holdings in JPMorgan Chase & Co. were worth $5,381,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Redwood Park Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $29,000. Curat Global LLC bought a new position in JPMorgan Chase & Co. in the 1st quarter worth $33,000. Sellwood Investment Partners LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $34,000. Investment Counsel Co. of Nevada bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $37,000. Finally, Prudent Man Investment Management Inc. bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $43,000. Institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In related news, CFO Jeremy Barnum sold 40,014 shares of the business’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total value of $10,034,310.78. Following the sale, the chief financial officer owned 18,017 shares in the company, valued at approximately $4,518,123.09. The trade was a 68.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the transaction, the chief operating officer owned 62,455 shares of the company’s stock, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,200 shares of company stock valued at $18,060,015 in the last 90 days. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $286.39 on Wednesday. The firm has a market capitalization of $795.90 billion, a P/E ratio of 14.06, a P/E/G ratio of 2.64 and a beta of 1.10. 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 12-month low of $190.90 and a 12-month high of $296.40. The firm’s fifty day simple moving average is $272.45 and its two-hundred day simple moving average is $257.02.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The company had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. During the same period in the prior year, the company earned $6.12 earnings per share. The firm’s revenue was down 10.5% on a year-over-year basis. Analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 annualized dividend and a yield of 1.96%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.49%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on JPM shares. Cowen restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Evercore ISI set a $298.00 target price on JPMorgan Chase & Co. and gave the company an “outperform” rating in a research report on Monday, July 7th. Citigroup set a $275.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Monday, July 7th. Piper Sandler reaffirmed an “overweight” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday. Finally, Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 price target for the company. in a research note on Friday, June 27th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $284.42.

About JPMorgan Chase & Co.

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.