Alpha Financial Partners LLC Reduces Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Alpha Financial Partners LLC lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,816 shares of the financial services provider’s stock after selling 47 shares during the quarter. JPMorgan Chase & Co. accounts for 0.6% of Alpha Financial Partners LLC’s portfolio, making the stock its 29th largest position. Alpha Financial Partners LLC’s holdings in JPMorgan Chase & Co. were worth $691,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in JPM. Hurlow Wealth Management Group Inc. lifted its position in shares of JPMorgan Chase & Co. by 0.7% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 5,538 shares of the financial services provider’s stock worth $1,328,000 after purchasing an additional 40 shares during the period. Wimmer Associates 1 LLC grew its stake in shares of JPMorgan Chase & Co. by 1.0% in the 4th quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider’s stock worth $986,000 after acquiring an additional 40 shares in the last quarter. Twin Lakes Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 0.3% during the fourth quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider’s stock worth $3,340,000 after buying an additional 40 shares during the last quarter. Rockbridge Investment Management LCC increased its holdings in JPMorgan Chase & Co. by 2.3% during the fourth quarter. Rockbridge Investment Management LCC now owns 1,838 shares of the financial services provider’s stock worth $441,000 after buying an additional 41 shares during the last quarter. Finally, WorthPointe LLC boosted its position in JPMorgan Chase & Co. by 2.9% during the fourth quarter. WorthPointe LLC now owns 1,546 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 43 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.8%

Shares of NYSE:JPM opened at $286.39 on Wednesday. The firm has a market cap of $795.90 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 2.64 and a beta of 1.10. JPMorgan Chase & Co. has a 12-month low of $190.90 and a 12-month high of $296.40. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. The stock’s 50-day moving average price is $272.45 and its two-hundred day moving average price is $257.02.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating analysts’ consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The business had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same period in the previous year, the business earned $6.12 EPS. The business’s quarterly revenue was down 10.5% on a year-over-year basis. On average, research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.’s payout ratio is currently 27.49%.

Insider Buying and Selling

In other news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 sale, the director owned 91,539 shares of the company’s stock, valued at approximately $22,884,750. This trade represents a 9.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 6,608 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $1,755,811.68. Following the sale, the general counsel directly owned 36,520 shares in the company, valued at $9,703,729.20. The trade was a 15.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,200 shares of company stock valued at $18,060,015 over the last 90 days. 0.47% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on JPM shares. Truist Financial boosted their target price on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a “hold” rating in a research report on Wednesday, July 9th. Piper Sandler reaffirmed an “overweight” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday. Evercore ISI set a $298.00 price target on shares of JPMorgan Chase & Co. and gave the company an “outperform” rating in a research note on Monday, July 7th. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a “buy” rating and a $305.00 price target on the stock. Finally, UBS Group boosted their price target on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, April 17th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $284.42.

JPMorgan Chase & Co. Company 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.