Twelve Points Wealth Management LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,114 shares of the financial services provider’s stock after buying an additional 358 shares during the period. JPMorgan Chase & Co. accounts for 1.4% of Twelve Points Wealth Management LLC’s holdings, making the stock its 14th biggest position. Twelve Points Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,360,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Retirement Financial Solutions LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at $26,000. Adirondack Retirement Specialists Inc. lifted its holdings in JPMorgan Chase & Co. by 510.8% during the first 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 in the last quarter. Creative Capital Management Investments LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at $30,000. Boulder Wealth Advisors LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at $43,000. Finally, Capital Directions Investment Advisors LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at $44,000. 70.10% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, CEO Douglas B. Petno sold 4,930 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $142.16, for a total value of $700,848.80. Following the completion of the transaction, the chief executive officer now owns 277,161 shares in the company, valued at approximately $39,401,207.76. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Douglas B. Petno sold 4,932 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $134.90, for a total value of $665,326.80. Following the completion of the transaction, the chief executive officer now owns 282,091 shares in the company, valued at approximately $38,054,075.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas B. Petno sold 4,930 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $142.16, for a total transaction of $700,848.80. Following the completion of the transaction, the chief executive officer now owns 277,161 shares of the company’s stock, valued at approximately $39,401,207.76. The disclosure for this sale can be found here. Insiders sold 145,861 shares of company stock worth $19,858,275 in the last 90 days. Corporate insiders own 0.79% of the company’s stock.
Wall Street Analysts Forecast Growth
JPMorgan Chase & Co. Price Performance
JPMorgan Chase & Co. stock opened at $145.44 on Monday. The company’s 50 day simple moving average is $138.75 and its 200-day simple moving average is $136.81. The company has a market capitalization of $425.02 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 1.97 and a beta of 1.10. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $146.00. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.85.
JPMorgan Chase & Co. (NYSE:JPM – Free Report) last announced its earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.69. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The firm had revenue of $38.35 billion for the quarter, compared to the consensus estimate of $35.77 billion. During the same period in the prior year, the firm earned $2.63 EPS. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 14.53 earnings per share for the current year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.75%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.
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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