Main Street Financial Solutions LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,317 shares of the financial services provider’s stock after purchasing an additional 126 shares during the period. Main Street Financial Solutions LLC’s holdings in JPMorgan Chase & Co. were worth $1,866,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Retirement Financial Solutions LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at $26,000. Creative Capital Management Investments LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $30,000. Adirondack Retirement Specialists Inc. boosted its position in shares of 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 purchasing an additional 189 shares in the last quarter. Boulder Wealth Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $43,000. Finally, Capital Directions Investment Advisors LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth approximately $44,000. Institutional investors own 70.10% of the company’s stock.
Insider Transactions at JPMorgan Chase & Co.
In other news, CEO Douglas B. Petno sold 4,932 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $134.90, for a total value of $665,326.80. Following 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 Securities & Exchange Commission, which is available through this link. In other news, CEO Daniel E. Pinto sold 113,640 shares of the business’s 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 transaction, the chief executive officer now owns 566,665 shares in the company, valued at approximately $77,026,773.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas B. Petno sold 4,932 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold 145,861 shares of company stock worth $19,858,275 in the last 90 days. Insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Stock Performance
JPMorgan Chase & Co. (NYSE:JPM – Free Report) last posted its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $35.77 billion. During the same quarter last year, the business posted $2.63 EPS. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. Equities research analysts forecast that JPMorgan Chase & Co. will post 14.47 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.77%. JPMorgan Chase & Co.’s payout ratio is presently 29.52%.
Analysts Set New Price Targets
Several brokerages have recently commented on JPM. Jefferies Financial Group reduced their price objective on shares of JPMorgan Chase & Co. from $152.00 to $149.00 in a research report on Monday, May 15th. Royal Bank of Canada decreased their price target on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a research note on Friday, March 24th. Oppenheimer increased their price objective on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a research report on Monday, April 17th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 target price for the company in a research report on Friday. Finally, StockNews.com started coverage on JPMorgan Chase & Co. in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.06.
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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