Innovative Wealth Building LLC Has $231,000 Position in JPMorgan Chase & Co. (NYSE:JPM)

Innovative Wealth Building LLC grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 10.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 943 shares of the financial services provider’s stock after buying an additional 87 shares during the quarter. Innovative Wealth Building LLC’s holdings in JPMorgan Chase & Co. were worth $231,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Crown Wealth Group LLC raised its holdings in shares of JPMorgan Chase & Co. by 5.4% in the 1st quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider’s stock worth $1,060,000 after buying an additional 222 shares in the last quarter. Wealthstar Advisors LLC grew its position in JPMorgan Chase & Co. by 41.4% in the first quarter. Wealthstar Advisors LLC now owns 2,628 shares of the financial services provider’s stock valued at $645,000 after acquiring an additional 770 shares during the period. Strid Group LLC grew its position in JPMorgan Chase & Co. by 1.8% in the first quarter. Strid Group LLC now owns 3,003 shares of the financial services provider’s stock valued at $737,000 after acquiring an additional 52 shares during the period. Augustine Asset Management Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 0.3% during the first quarter. Augustine Asset Management Inc. now owns 34,780 shares of the financial services provider’s stock valued at $8,532,000 after acquiring an additional 114 shares during the period. Finally, Guerra Advisors Inc lifted its holdings in shares of JPMorgan Chase & Co. by 35.9% during the first quarter. Guerra Advisors Inc now owns 10,877 shares of the financial services provider’s stock valued at $2,668,000 after acquiring an additional 2,872 shares during the period. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $296.13 on Friday. JPMorgan Chase & Co. has a twelve month low of $190.90 and a twelve month high of $296.40. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. The company has a market cap of $822.96 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 2.75 and a beta of 1.10. The business’s fifty day moving average is $266.97 and its 200-day moving average is $254.56.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results 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. The firm had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.44 earnings per share. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. 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 payout ratio is 27.49%.

Insider Activity

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $1,755,811.68. Following the sale, the general counsel directly owned 36,520 shares in the company, valued at approximately $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the transaction, the director directly owned 91,539 shares in the company, valued at approximately $22,884,750. This represents a 9.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,200 shares of company stock worth $18,060,015 in the last ninety days. Company insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on JPM shares. TD Securities reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Morgan Stanley increased their price target on JPMorgan Chase & Co. from $236.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Monday, June 23rd. Evercore ISI lifted their price target on JPMorgan Chase & Co. from $280.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 10th. Finally, Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Friday, June 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.