180 Wealth Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,494 shares of the financial services provider’s stock after buying an additional 83 shares during the quarter. 180 Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,410,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of JPM. Retirement Financial Solutions LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $26,000. Adirondack Retirement Specialists Inc. raised its position in JPMorgan Chase & Co. by 510.8% in the 1st quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 189 shares during the last quarter. Creative Capital Management Investments LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $30,000. Boulder Wealth Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $43,000. Finally, Capital Directions Investment Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $44,000. Hedge funds and other institutional investors own 70.10% of the company’s stock.
Insiders Place Their Bets
In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 2,482 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $141.39, for a total value of $350,929.98. Following the completion of the sale, the insider now directly owns 41,333 shares of the company’s stock, valued at approximately $5,844,072.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Douglas B. Petno sold 4,932 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $134.90, for a total transaction of $665,326.80. Following the completion of the sale, the chief executive officer now directly owns 282,091 shares of the company’s stock, valued at approximately $38,054,075.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Peter Scher sold 2,482 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $141.39, for a total transaction of $350,929.98. Following the sale, the insider now directly owns 41,333 shares of the company’s stock, valued at $5,844,072.87. The disclosure for this sale can be found here. In the last three months, insiders sold 145,861 shares of company stock valued at $19,858,275. Company insiders own 0.79% of the company’s stock.
Analysts Set New Price Targets
JPMorgan Chase & Co. Price Performance
JPMorgan Chase & Co. stock opened at $142.53 on Wednesday. The stock has a market capitalization of $416.51 billion, a P/E ratio of 10.52, a P/E/G ratio of 2.00 and a beta of 1.10. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $144.34. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.85 and a quick ratio of 0.85. The firm’s 50-day moving average is $138.22 and its two-hundred day moving average is $136.35.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.69. The firm had revenue of $38.35 billion for the quarter, compared to analyst estimates 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 quarter last year, the business earned $2.63 earnings per share. Equities analysts predict that JPMorgan Chase & Co. will post 14.35 earnings per share for the current year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be paid a $1.00 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 annualized dividend and a yield of 2.81%. JPMorgan Chase & Co.’s payout ratio is currently 29.52%.
JPMorgan Chase & Co. Profile
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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