JFS Wealth Advisors LLC lessened its position in JPMorgan Chase & Co. (NYSE:JPM) by 15.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,256 shares of the financial services provider’s stock after selling 1,288 shares during the period. JFS Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $946,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of JPM. Retirement Financial Solutions LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $26,000. Adirondack Retirement Specialists Inc. lifted its position 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 worth $29,000 after buying an additional 189 shares during the period. Creative Capital Management Investments LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $30,000. Boulder Wealth Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $43,000. Finally, Capital Directions Investment Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 70.10% of the company’s stock.
JPMorgan Chase & Co. Stock Performance
JPMorgan Chase & Co. stock opened at $144.64 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. The stock has a 50 day moving average of $139.24 and a 200-day moving average of $137.10. The stock has a market cap of $422.68 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 2.02 and a beta of 1.10. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $147.48.
JPMorgan Chase & Co. Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 dividend on an annualized basis and a yield of 2.77%. JPMorgan Chase & Co.’s payout ratio is currently 29.52%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on JPM. StockNews.com began coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $155.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. Credit Suisse Group raised their price objective on JPMorgan Chase & Co. from $155.00 to $160.00 in a report on Tuesday, April 18th. Oppenheimer raised their price target on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a report on Monday, April 17th. Finally, Royal Bank of Canada dropped their price objective on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a research report on Friday, March 24th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $157.35.
Insiders Place Their Bets
In other news, CEO Daniel E. Pinto sold 113,640 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 566,665 shares of the company’s stock, valued at $77,026,773.45. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Daniel E. Pinto sold 113,640 shares of the stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $135.93, for a total value of $15,447,085.20. Following the completion of the transaction, the chief executive officer now directly owns 566,665 shares of the company’s stock, valued at approximately $77,026,773.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas B. Petno sold 4,932 shares of JPMorgan Chase & Co. 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 sale, the chief executive officer now directly owns 282,091 shares in the company, valued at approximately $38,054,075.90. The disclosure for this sale can be found here. Insiders have sold 145,861 shares of company stock valued at $19,858,275 over the last three months. Company insiders own 0.79% of the company’s stock.
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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