Personal CFO Solutions LLC Has $2.29 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Personal CFO Solutions LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,320 shares of the financial services provider’s stock after selling 143 shares during the quarter. Personal CFO Solutions LLC’s holdings in JPMorgan Chase & Co. were worth $2,286,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Opus Capital Group LLC raised its stake in JPMorgan Chase & Co. by 2.7% during the 1st quarter. Opus Capital Group LLC now owns 2,936 shares of the financial services provider’s stock valued at $720,000 after purchasing an additional 78 shares during the last quarter. AlphaStar Capital Management LLC raised its stake in JPMorgan Chase & Co. by 8.0% during the 1st quarter. AlphaStar Capital Management LLC now owns 22,853 shares of the financial services provider’s stock valued at $5,606,000 after purchasing an additional 1,694 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in JPMorgan Chase & Co. by 1.6% in the 1st quarter. Valeo Financial Advisors LLC now owns 174,600 shares of the financial services provider’s stock valued at $42,829,000 after buying an additional 2,742 shares during the period. BXM Wealth LLC increased its holdings in JPMorgan Chase & Co. by 4.3% in the 1st quarter. BXM Wealth LLC now owns 5,945 shares of the financial services provider’s stock valued at $1,458,000 after buying an additional 245 shares during the period. Finally, 49 Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 15.6% in the 1st quarter. 49 Wealth Management LLC now owns 5,454 shares of the financial services provider’s stock valued at $1,338,000 after buying an additional 734 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 0.6%

Shares of NYSE:JPM opened at $288.60 on Tuesday. JPMorgan Chase & Co. has a 12 month low of $190.90 and a 12 month high of $296.40. The company’s 50-day moving average price is $271.71 and its two-hundred day moving average price is $256.81. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. The firm has a market cap of $802.06 billion, a P/E ratio of 14.17, a P/E/G 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 EPS for the quarter, topping analysts’ consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The firm had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same quarter in the prior year, the firm earned $4.44 EPS. The company’s revenue was up 8.0% on a year-over-year basis. As a group, research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the sale, the director owned 91,539 shares of the company’s stock, valued at $22,884,750. This represents a 9.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jennifer Piepszak sold 6,128 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the transaction, the chief operating officer owned 62,455 shares in the company, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,200 shares of company stock worth $18,060,015 in the last quarter. Insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada set a $305.00 price target on shares of JPMorgan Chase & Co. and gave the company an “outperform” rating in a report on Monday, June 30th. Morgan Stanley set a $240.00 price target on shares of JPMorgan Chase & Co. and gave the company an “equal weight” rating in a report on Monday, July 7th. Wall Street Zen raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th. Piper Sandler reissued a “hold” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Finally, Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 price target on the stock. in a report on Friday, June 27th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $284.42.

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.