Crown Wealth Group LLC Boosts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Crown Wealth Group LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 5.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,320 shares of the financial services provider’s stock after acquiring an additional 222 shares during the period. Crown Wealth Group LLC’s holdings in JPMorgan Chase & Co. were worth $1,060,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of JPM. Geode Capital Management LLC grew its position in shares of JPMorgan Chase & Co. by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 59,220,603 shares of the financial services provider’s stock worth $14,161,171,000 after acquiring an additional 876,417 shares during the last quarter. Norges Bank purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth $8,310,884,000. Northern Trust Corp increased its stake in JPMorgan Chase & Co. by 15.4% in the fourth quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider’s stock valued at $8,113,147,000 after purchasing an additional 4,515,147 shares during the period. GAMMA Investing LLC raised its holdings in shares of JPMorgan Chase & Co. by 25,861.9% in the first quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider’s stock valued at $5,778,289,000 after buying an additional 23,465,278 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of JPMorgan Chase & Co. by 9.1% during the fourth quarter. Capital Research Global Investors now owns 22,841,033 shares of the financial services provider’s stock worth $5,475,223,000 after buying an additional 1,914,049 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.4%

Shares of JPMorgan Chase & Co. stock opened at $296.13 on Friday. 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 has a market cap of $822.96 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 2.75 and a beta of 1.10. The company has a 50-day moving average of $266.97 and a two-hundred day moving average of $254.56.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $45.30 billion for the quarter, compared to analysts’ expectations of $43.62 billion. During the same quarter in the prior year, the firm posted $4.44 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. On average, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal 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 issued a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.49%.

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 6,129 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $250.76, for a total value of $1,536,908.04. Following the sale, the chief operating officer directly owned 68,583 shares in the company, valued at $17,197,873.08. The trade was a 8.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeremy Barnum sold 40,014 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the completion of the sale, the chief financial officer directly owned 18,017 shares in the company, valued at approximately $4,518,123.09. The trade was a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,200 shares of company stock worth $18,060,015. Corporate insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

JPM has been the topic of several recent research reports. Evercore ISI boosted their price target on JPMorgan Chase & Co. from $280.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday. TD Cowen assumed coverage on JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a “buy” rating and a $305.00 price target for the company. Royal Bank Of Canada set a $305.00 price objective on shares of JPMorgan Chase & Co. and gave the company an “outperform” rating in a research report on Monday. Wells Fargo & Company upped their price objective on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 10th. Finally, Cowen restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $277.74.

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.