Tcfg Wealth Management LLC Has $1.01 Million Stock Holdings in JPMorgan Chase & Co. $JPM

Tcfg Wealth Management LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,482 shares of the financial services provider’s stock after selling 93 shares during the period. Tcfg Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Clark & Stuart Inc bought a new position in shares of JPMorgan Chase & Co. during the second quarter valued at about $1,069,000. Defined Financial Planning LLC increased its stake in shares of JPMorgan Chase & Co. by 4.2% in the second quarter. Defined Financial Planning LLC now owns 1,419 shares of the financial services provider’s stock worth $407,000 after purchasing an additional 57 shares in the last quarter. Roberts Wealth Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 0.6% in the second quarter. Roberts Wealth Advisors LLC now owns 25,012 shares of the financial services provider’s stock worth $7,251,000 after purchasing an additional 151 shares in the last quarter. Seamount Financial Group Inc. increased its stake in shares of JPMorgan Chase & Co. by 27.4% in the second quarter. Seamount Financial Group Inc. now owns 6,122 shares of the financial services provider’s stock worth $1,775,000 after purchasing an additional 1,317 shares in the last quarter. Finally, Bennett Associates Wealth Management increased its stake in shares of JPMorgan Chase & Co. by 3.9% in the second quarter. Bennett Associates Wealth Management now owns 1,804 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 68 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the sale, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Trading Down 1.9%

Shares of JPMorgan Chase & Co. stock opened at $302.11 on Wednesday. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $318.01. The firm has a market cap of $830.72 billion, a PE ratio of 15.50, a PEG ratio of 1.99 and a beta of 1.13. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The company has a 50 day simple moving average of $302.11 and a two-hundred day simple moving average of $277.61.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. The firm had revenue of $46.43 billion during the quarter, compared to analyst estimates of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $4.37 EPS. Analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 30.79%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of JPMorgan Chase & Co. from $339.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Zacks Research cut shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Piper Sandler reaffirmed an “overweight” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Truist Financial boosted their price objective on shares of JPMorgan Chase & Co. from $290.00 to $319.00 and gave the company a “hold” rating in a research note on Tuesday, September 23rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $366.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday. Fifteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $318.70.

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.