JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Core Wealth Partners LLC

Core Wealth Partners LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,106 shares of the financial services provider’s stock after purchasing an additional 299 shares during the quarter. JPMorgan Chase & Co. makes up 0.9% of Core Wealth Partners LLC’s investment portfolio, making the stock its 22nd biggest holding. Core Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $1,223,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in JPM. First Trust Direct Indexing L.P. increased its stake in JPMorgan Chase & Co. by 8.5% in the first quarter. First Trust Direct Indexing L.P. now owns 77,612 shares of the financial services provider’s stock valued at $15,546,000 after purchasing an additional 6,049 shares during the period. Wealthstar Advisors LLC acquired a new position in JPMorgan Chase & Co. in the 1st quarter valued at about $292,000. Massachusetts Wealth Management raised its stake in JPMorgan Chase & Co. by 0.6% during the 1st quarter. Massachusetts Wealth Management now owns 21,859 shares of the financial services provider’s stock valued at $4,378,000 after acquiring an additional 140 shares during the last quarter. DMC Group LLC lifted its position in JPMorgan Chase & Co. by 3.7% during the 1st quarter. DMC Group LLC now owns 7,209 shares of the financial services provider’s stock worth $1,444,000 after acquiring an additional 255 shares during the period. Finally, Madrona Financial Services LLC purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $261,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the sale, the general counsel now owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO James Dimon sold 178,222 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 250,565 shares of company stock worth $46,962,717. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $205.08 on Tuesday. The company has a 50-day moving average of $198.64 and a two-hundred day moving average of $187.99. The stock has a market cap of $588.92 billion, a P/E ratio of 12.38, a PEG ratio of 2.74 and a beta of 1.12. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $210.38. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.45. The firm had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. As a group, research analysts predict that JPMorgan Chase & Co. will post 16.47 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on JPM shares. Evercore ISI restated an “outperform” rating and set a $210.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 3rd. Oppenheimer lowered their target price on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. Piper Sandler boosted their price target on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 21st. Jefferies Financial Group raised their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Finally, Morgan Stanley dropped their target price on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 21st. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.95.

Check Out Our Latest Research Report on JPMorgan Chase & Co.

About JPMorgan Chase & Co.

(Free Report)

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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

See Also

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

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