Capital Advisors Wealth Management LLC Raises Stake in JPMorgan Chase & Co. (NYSE:JPM)

Capital Advisors Wealth Management LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 16.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 11,889 shares of the financial services provider’s stock after purchasing an additional 1,670 shares during the period. Capital Advisors Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,916,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Redwood Park Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $29,000. Curat Global LLC bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $33,000. Sellwood Investment Partners LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $34,000. Investment Counsel Co. of Nevada bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $37,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPM opened at $296.13 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 1 year low of $190.90 and a 1 year high of $296.40. The stock’s 50 day simple moving average is $265.91 and its 200 day simple moving average is $254.16. The firm has a market cap of $822.96 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 2.72 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The firm had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the previous year, the company posted $4.44 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. As a group, analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

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 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 currently 27.49%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,821 shares of the business’s 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 $749,567.91. Following the completion of the sale, the general counsel owned 68,757 shares in the company, valued at approximately $18,269,422.47. The trade was a 3.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jennifer Piepszak sold 6,128 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the sale, the chief operating officer owned 62,455 shares of the company’s stock, valued at $16,392,563.85. The trade was a 8.94% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,200 shares of company stock worth $18,060,015. Company insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of research analyst reports. Truist Financial lifted their price target on JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a “hold” rating in a research report on Monday, June 2nd. TD Cowen initiated coverage on JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a “buy” rating and a $305.00 price target for the company. Citigroup reiterated a “neutral” rating and set a $275.00 price target (up previously from $250.00) on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 25th. Royal Bank Of Canada set a $305.00 price target on JPMorgan Chase & Co. and gave the company an “outperform” rating in a research report on Monday. Finally, Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Tuesday, June 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $277.74.

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.