KCS Wealth Advisory reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 0.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,455 shares of the financial services provider’s stock after selling 104 shares during the period. JPMorgan Chase & Co. makes up 1.2% of KCS Wealth Advisory’s portfolio, making the stock its 23rd largest holding. KCS Wealth Advisory’s holdings in JPMorgan Chase & Co. were worth $3,056,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Retirement Financial Solutions LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth about $26,000. Creative Capital Management Investments LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at about $30,000. Adirondack Retirement Specialists Inc. lifted its holdings in JPMorgan Chase & Co. by 510.8% during the 1st quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock valued at $29,000 after buying an additional 189 shares in the last quarter. Boulder Wealth Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at about $43,000. Finally, Capital Directions Investment Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at about $44,000. Institutional investors own 70.10% of the company’s stock.
JPMorgan Chase & Co. Stock Up 1.4 %
Shares of JPMorgan Chase & Co. stock opened at $145.44 on Friday. The firm’s 50 day moving average price is $138.75 and its 200-day moving average price is $136.78. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.07. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $146.00. The company has a market cap of $425.02 billion, a P/E ratio of 10.73, a PEG ratio of 1.97 and a beta of 1.10.
JPMorgan Chase & Co. Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.52%.
Insiders Place Their Bets
In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 2,482 shares of the business’s stock in a transaction that occurred 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 owns 41,333 shares of the company’s stock, valued at approximately $5,844,072.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 transaction of $350,929.98. Following the completion of the sale, the insider now directly owns 41,333 shares in the company, valued at approximately $5,844,072.87. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Daniel E. Pinto sold 113,640 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following the sale, the chief executive officer now owns 566,665 shares of the company’s stock, valued at $77,026,773.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 145,861 shares of company stock valued at $19,858,275. Insiders own 0.79% of the company’s stock.
Analysts Set New Price Targets
JPM has been the subject of a number of research analyst reports. Bank of America lifted their price objective on shares of JPMorgan Chase & Co. from $152.00 to $158.00 and gave the company a “buy” rating in a report on Monday, April 17th. Jefferies Financial Group decreased their price objective on shares of JPMorgan Chase & Co. from $152.00 to $149.00 in a report on Monday, May 15th. Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a report on Monday, April 17th. Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $157.00 to $160.00 in a research report on Tuesday, May 23rd. Finally, Credit Suisse Group raised their target price on shares of JPMorgan Chase & Co. from $155.00 to $160.00 in a research report on Tuesday, April 18th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $157.35.
About JPMorgan Chase & Co.
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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