JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Boosted by 49 Wealth Management LLC

49 Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 15.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,454 shares of the financial services provider’s stock after purchasing an additional 734 shares during the quarter. 49 Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,338,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Redwood Park Advisors LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $29,000. Curat Global LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at $33,000. Sellwood Investment Partners LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $34,000. Investment Counsel Co. of Nevada acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $37,000. Finally, Prudent Man Investment Management Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $43,000. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the transaction, the director directly owned 91,539 shares in the company, valued at $22,884,750. This trade represents a 9.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 6,608 shares of the firm’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $1,755,811.68. Following the transaction, the general counsel owned 36,520 shares in the company, valued at approximately $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,200 shares of company stock worth $18,060,015 over the last quarter. Company insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.6%

JPM opened at $288.60 on Tuesday. JPMorgan Chase & Co. has a fifty-two week low of $190.90 and a fifty-two week high of $296.40. The business has a 50-day moving average of $271.71 and a 200-day moving average of $256.81. 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 company has a market capitalization of $802.06 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 2.62 and a beta of 1.10.

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

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.94%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.49%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on JPM. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Friday, June 27th. TD Cowen began coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a “buy” rating and a $305.00 price objective for the company. Hsbc Global Res lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Wells Fargo & Company restated an “overweight” rating on shares of JPMorgan Chase & Co. in a research report on Monday, July 7th. Finally, Bank of America increased their target price on JPMorgan Chase & Co. from $300.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, June 18th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $284.42.

About JPMorgan Chase & Co.

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.