Adams Chetwood Wealth Management LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,033 shares of the financial services provider’s stock after purchasing an additional 161 shares during the period. Adams Chetwood Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $550,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of JPM. Lowe Wealth Advisors LLC grew its stake in JPMorgan Chase & Co. by 230.0% in the fourth quarter. Lowe Wealth Advisors LLC now owns 165 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 115 shares during the period. Carolina Wealth Advisors LLC grew its stake in JPMorgan Chase & Co. by 176.5% in the fourth quarter. Carolina Wealth Advisors LLC now owns 235 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 150 shares during the period. Evolution Advisers Inc. purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth $52,000. Leverty Financial Group LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth $54,000. Finally, Delos Wealth Advisors LLC grew its stake in JPMorgan Chase & Co. by 13,433.3% in the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 403 shares during the period. 70.35% of the stock is currently owned by institutional investors.
Shares of NYSE:JPM opened at $115.30 on Thursday. JPMorgan Chase & Co. has a 1 year low of $111.48 and a 1 year high of $172.96. The stock’s fifty-day moving average price is $122.07 and its 200-day moving average price is $138.24. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $338.64 billion, a P/E ratio of 8.55, a PEG ratio of 2.09 and a beta of 1.11.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its earnings results on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.10). JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. The firm had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $30.53 billion. During the same period in the previous year, the company posted $4.50 EPS. The firm’s revenue was down 4.8% compared to the same quarter last year. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 11.23 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is 29.67%.
A number of equity research analysts have recently commented on the company. UBS Group set a $197.00 target price on JPMorgan Chase & Co. in a research note on Wednesday, March 2nd. Berenberg Bank set a $120.00 target price on JPMorgan Chase & Co. in a research note on Tuesday, April 19th. Jefferies Financial Group increased their target price on JPMorgan Chase & Co. from $125.00 to $137.00 in a research note on Tuesday, May 24th. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 24th. Finally, The Goldman Sachs Group set a $151.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Thursday, April 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $161.67.
In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 21,012 shares of the stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $130.04, for a total value of $2,732,400.48. Following the transaction, the insider now owns 178,588 shares of the company’s stock, valued at $23,223,583.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer Piepszak sold 4,668 shares of the stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $126.19, for a total value of $589,054.92. Following the completion of the transaction, the chief executive officer now directly owns 11,135 shares in the company, valued at approximately $1,405,125.65. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by corporate insiders.
About JPMorgan Chase & Co. (Get Rating)
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments. Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.
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