JPMorgan Chase & Co. (NYSE:JPM) Stock Position Cut by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,080 shares of the financial services provider’s stock after selling 235 shares during the quarter. JPMorgan Chase & Co. makes up approximately 2.6% of Beverly Hills Private Wealth LLC’s portfolio, making the stock its 4th biggest position. Beverly Hills Private Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $13,266,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Fourth Dimension Wealth LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $471,000. Crown Wealth Group LLC boosted its holdings in JPMorgan Chase & Co. by 5.4% in the first quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider’s stock valued at $1,060,000 after purchasing an additional 222 shares in the last quarter. Hidden Cove Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. by 4.2% in the first quarter. Hidden Cove Wealth Management LLC now owns 2,758 shares of the financial services provider’s stock valued at $677,000 after purchasing an additional 112 shares in the last quarter. Aaron Wealth Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 6.4% in the first quarter. Aaron Wealth Advisors LLC now owns 20,191 shares of the financial services provider’s stock valued at $4,953,000 after purchasing an additional 1,218 shares in the last quarter. Finally, KG&L Capital Management LLC boosted its holdings in JPMorgan Chase & Co. by 1.2% in the first quarter. KG&L Capital Management LLC now owns 52,576 shares of the financial services provider’s stock valued at $12,779,000 after purchasing an additional 624 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on JPM shares. Royal Bank Of Canada set a $305.00 price target on JPMorgan Chase & Co. and gave the company an “outperform” rating in a report on Monday, June 30th. TD Cowen started coverage on JPMorgan Chase & Co. in a report on Thursday, May 15th. They issued a “buy” rating and a $305.00 price target for the company. Cowen reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Hsbc Global Res downgraded JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. Finally, Citigroup set a $275.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Monday, July 7th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $284.42.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $286.78 on Monday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a fifty day moving average price of $270.98 and a 200 day moving average price of $256.48. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $296.40. The company has a market cap of $796.99 billion, a PE ratio of 14.08, a P/E/G ratio of 2.62 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The firm had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same period last year, the company earned $4.44 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.49%.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 2,821 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $749,567.91. Following the completion of the sale, the general counsel directly owned 68,757 shares of the company’s stock, valued at $18,269,422.47. This trade represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeremy Barnum sold 40,014 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total value of $10,034,310.78. Following the sale, the chief financial officer directly owned 18,017 shares of the company’s stock, valued at approximately $4,518,123.09. This represents a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,200 shares of company stock valued at $18,060,015 in the last ninety days. Company insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.