Procyon Advisors LLC Acquires 564 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Procyon Advisors LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,497 shares of the financial services provider’s stock after acquiring an additional 564 shares during the period. JPMorgan Chase & Co. accounts for 1.3% of Procyon Advisors LLC’s holdings, making the stock its 14th biggest position. Procyon Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $22,199,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in JPM. Redwood Park Advisors LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter worth $29,000. Curat Global LLC bought a new position in JPMorgan Chase & Co. during the 1st quarter worth $33,000. Sellwood Investment Partners LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter worth $34,000. Investment Counsel Co. of Nevada acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth $37,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth $43,000. Institutional investors own 71.55% of the company’s stock.

Insiders Place Their Bets

In other news, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction 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 transaction, the insider now owns 49,127 shares of the company’s stock, valued at $12,130,438.84. This represents a 2.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the company’s stock in a transaction 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 directly owns 133,381 shares in the company, valued at $32,947,774.62. This represents a 15.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,722 shares of company stock valued at $25,599,477. Insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.5%

Shares of NYSE:JPM opened at $265.81 on Friday. The stock has a market cap of $738.71 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 2.83 and a beta of 1.08. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12-month low of $190.88 and a 12-month high of $280.25. The business’s 50 day moving average is $247.68 and its 200 day moving average is $249.86.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $45.30 billion for the quarter, compared to analysts’ expectations of $43.62 billion. During the same quarter in the previous year, the firm earned $4.44 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 2.11%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.49%.

Analyst Ratings Changes

Several research firms recently weighed in on JPM. Evercore ISI reduced their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. Robert W. Baird lifted their price target on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday, May 20th. TD Securities restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday. Royal Bank of Canada restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Monday. Finally, Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus target price of $267.15.

JPMorgan Chase & Co. 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.