Insight Wealth Strategies LLC Increases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Insight Wealth Strategies LLC grew its position in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 19.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,392 shares of the financial services provider’s stock after acquiring an additional 1,715 shares during the quarter. Insight Wealth Strategies LLC’s holdings in JPMorgan Chase & Co. were worth $1,417,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bromfield Sneider Wealth Advisors bought a new position in shares of JPMorgan Chase & Co. in the first quarter worth about $76,000. Dividend Assets Capital LLC grew its holdings in shares of JPMorgan Chase & Co. by 12.3% in the first quarter. Dividend Assets Capital LLC now owns 19,650 shares of the financial services provider’s stock worth $2,679,000 after purchasing an additional 2,151 shares during the last quarter. Keene & Associates Inc. grew its holdings in shares of JPMorgan Chase & Co. by 30.9% in the first quarter. Keene & Associates Inc. now owns 5,038 shares of the financial services provider’s stock worth $687,000 after purchasing an additional 1,190 shares during the last quarter. Roberts Wealth Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.7% in the first quarter. Roberts Wealth Advisors LLC now owns 23,095 shares of the financial services provider’s stock worth $3,125,000 after purchasing an additional 151 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC grew its holdings in shares of JPMorgan Chase & Co. by 72.6% in the first quarter. Kohmann Bosshard Financial Services LLC now owns 3,494 shares of the financial services provider’s stock worth $476,000 after purchasing an additional 1,470 shares during the last quarter. 70.35% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Jennifer Piepszak sold 4,668 shares of the stock in a transaction that occurred on Thursday, April 14th. The shares were 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 directly owns 11,135 shares of the company’s stock, valued at approximately $1,405,125.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ashley Bacon sold 21,012 shares of the stock in a transaction that occurred on Tuesday, April 19th. The shares were sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the completion of the transaction, the insider now directly owns 178,588 shares of the company’s stock, valued at $23,223,583.52. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

NYSE:JPM opened at $113.92 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $111.48 and a fifty-two week high of $172.96. The stock has a market capitalization of $334.59 billion, a P/E ratio of 8.45, a P/E/G ratio of 2.06 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. The company’s 50-day simple moving average is $123.12 and its 200-day simple moving average is $139.48.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly earnings data on Wednesday, April 13th. The financial services provider reported $2.63 EPS for the quarter, missing the consensus estimate of $2.73 by ($0.10). The company had revenue of $30.72 billion during the quarter, compared to analysts’ expectations of $30.53 billion. JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $4.50 earnings per share. On average, research analysts forecast that JPMorgan Chase & Co. will post 11.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Investors of record on Wednesday, July 6th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Tuesday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 29.67%.

JPM has been the topic of several recent research reports. Barclays set a $200.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, May 23rd. StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a report on Thursday, March 31st. They set a “hold” rating on the stock. Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $145.00 to $150.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 24th. Piper Sandler increased their target price on shares of JPMorgan Chase & Co. from $165.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, April 14th. Finally, Berenberg Bank set a $120.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $161.83.

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.

Further Reading

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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