MeadowBrook Investment Advisors LLC Has $4.30 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

MeadowBrook Investment Advisors LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 17,512 shares of the financial services provider’s stock after selling 315 shares during the quarter. JPMorgan Chase & Co. makes up about 4.0% of MeadowBrook Investment Advisors LLC’s portfolio, making the stock its 4th largest position. MeadowBrook Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $4,296,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Principal Securities Inc. boosted its stake in JPMorgan Chase & Co. by 0.4% during the 1st quarter. Principal Securities Inc. now owns 77,523 shares of the financial services provider’s stock valued at $18,583,000 after purchasing an additional 330 shares during the period. Greenleaf Trust lifted its position in shares of JPMorgan Chase & Co. by 3.8% in the 1st quarter. Greenleaf Trust now owns 134,574 shares of the financial services provider’s stock worth $33,011,000 after acquiring an additional 4,895 shares during the period. TradeWell Securities LLC. lifted its position in shares of JPMorgan Chase & Co. by 0.6% in the 1st quarter. TradeWell Securities LLC. now owns 11,569 shares of the financial services provider’s stock worth $2,838,000 after acquiring an additional 65 shares during the period. New Insight Wealth Advisors lifted its position in shares of JPMorgan Chase & Co. by 8.3% in the 1st quarter. New Insight Wealth Advisors now owns 2,790 shares of the financial services provider’s stock worth $684,000 after acquiring an additional 215 shares during the period. Finally, Peterson Wealth Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 7.2% in the 1st quarter. Peterson Wealth Advisors LLC now owns 2,027 shares of the financial services provider’s stock worth $497,000 after acquiring an additional 136 shares during the period. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on JPM. UBS Group raised their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, April 17th. Bank of America raised their price objective on JPMorgan Chase & Co. from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, June 18th. Wall Street Zen upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Piper Sandler reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Finally, Hsbc Global Res downgraded JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $284.42.

Insiders Place Their Bets

In other news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, June 5th. The stock was 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 directly owned 62,455 shares of the company’s stock, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeremy Barnum sold 40,014 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total value of $10,034,310.78. Following the completion of the sale, the chief financial officer directly owned 18,017 shares of the company’s stock, valued at $4,518,123.09. This trade represents a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,200 shares of company stock valued at $18,060,015. Company insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.6%

JPM stock opened at $288.60 on Tuesday. The business has a fifty day moving average price of $271.71 and a 200 day moving average price of $256.81. JPMorgan Chase & Co. has a fifty-two week low of $190.90 and a fifty-two week high of $296.40. The stock has a market capitalization of $802.06 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 2.62 and a beta of 1.10. 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. (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, beating 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 firm had revenue of $45.30 billion during the quarter, compared to analysts’ expectations of $43.62 billion. During the same period last year, the firm posted $4.44 EPS. The business’s revenue was up 8.0% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 1.94%. JPMorgan Chase & Co.’s dividend payout ratio is 27.49%.

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.