Nwam LLC Sells 4,398 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Nwam LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 18.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,070 shares of the financial services provider’s stock after selling 4,398 shares during the quarter. Nwam LLC’s holdings in JPMorgan Chase & Co. were worth $4,923,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Redwood Park Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $29,000. Curat Global LLC acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at approximately $33,000. Sellwood Investment Partners LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $34,000. Investment Counsel Co. of Nevada acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $37,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $43,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $296.81 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.89. The company has a market capitalization of $824.86 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 2.01 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $190.90 and a one year high of $299.59. The business has a 50 day simple moving average of $277.06 and a 200 day simple moving average of $259.38.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping the consensus estimate of $4.48 by $0.48. The business had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. JPMorgan Chase & Co.’s revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the company earned $6.12 EPS. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 1.89%. JPMorgan Chase & Co.’s payout ratio is 28.73%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Truist Financial raised their target price on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a “hold” rating in a report on Wednesday, July 9th. UBS Group raised their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, April 17th. Bank of America raised their target price on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Finally, Morgan Stanley lifted their price objective on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $288.68.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total value of $2,375,000.00. Following the transaction, the director owned 91,539 shares of the company’s stock, valued at approximately $22,884,750. The trade was a 9.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 6,608 shares of the business’s stock in a transaction 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 completion of the transaction, the general counsel directly owned 36,520 shares in the company, valued at approximately $9,703,729.20. This represents 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 worth $18,060,015 in the last three months. Company insiders own 0.47% of the company’s stock.

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.