Executive Wealth Management LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 31.6% in the 1st quarter, Holdings Channel reports. The firm owned 10,532 shares of the financial services provider’s stock after purchasing an additional 2,531 during the quarter. Executive Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,435,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Lowe Wealth Advisors LLC raised its position in JPMorgan Chase & Co. by 230.0% during the 4th quarter. Lowe Wealth Advisors LLC now owns 165 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 115 shares during the last quarter. MFA Wealth Advisors LLC bought a new position in JPMorgan Chase & Co. during the 3rd quarter worth $32,000. Carolina Wealth Advisors LLC raised its position in JPMorgan Chase & Co. by 176.5% during the 4th quarter. Carolina Wealth Advisors LLC now owns 235 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 150 during the last quarter. Evolution Advisers Inc. bought a new position in JPMorgan Chase & Co. during the 4th quarter worth $52,000. Finally, Leverty Financial Group LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth about $54,000. 70.35% of the stock is owned by institutional investors and hedge funds.
JPM stock opened at $117.32 on Friday. The company has a market capitalization of $344.57 billion, a P/E ratio of 8.70, a price-to-earnings-growth ratio of 2.05 and a beta of 1.11. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.82. JPMorgan Chase & Co. has a 52-week low of $111.48 and a 52-week high of $172.96. The business has a 50-day simple moving average of $122.94 and a two-hundred day simple moving average of $139.17.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings results on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.10). The company had revenue of $30.72 billion for the quarter, compared to analyst estimates of $30.53 billion. JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. JPMorgan Chase & Co.’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $4.50 EPS. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 11.23 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $4.00 dividend on an annual basis and a dividend yield of 3.41%. JPMorgan Chase & Co.’s payout ratio is presently 29.67%.
Several research analysts have recently weighed in on JPM shares. UBS Group set a $197.00 price objective on JPMorgan Chase & Co. in a research report on Wednesday, March 2nd. The Goldman Sachs Group set a $151.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Thursday, April 14th. Jefferies Financial Group lifted their objective price on JPMorgan Chase & Co. from $125.00 to $137.00 in a research report on Tuesday, May 24th. StockNews.com assumed coverage on JPMorgan Chase & Co. in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Morgan Stanley reduced their target price on JPMorgan Chase & Co. from $152.00 to $149.00 and set an “underweight” rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $161.67.
In other news, insider Ashley Bacon sold 21,012 shares of the business’s stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of $130.04, for a total value of $2,732,400.48. Following the transaction, the insider now owns 178,588 shares in the company, valued at approximately $23,223,583.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jennifer Piepszak sold 4,668 shares of the business’s stock in a transaction that occurred on Thursday, April 14th. The stock was sold at an average price of $126.19, for a total value of $589,054.92. Following the completion of the transaction, the chief executive officer now owns 11,135 shares in the company, valued at approximately $1,405,125.65. The disclosure for this sale can be found here. 0.79% of the stock is owned by insiders.
JPMorgan Chase & Co. Company Profile (Get Rating)
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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.
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