Diversify Wealth Management LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 18.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,621 shares of the financial services provider’s stock after buying an additional 4,422 shares during the quarter. Diversify Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $7,001,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in JPM. Hurlow Wealth Management Group Inc. lifted its position in JPMorgan Chase & Co. by 0.7% in the fourth quarter. Hurlow Wealth Management Group Inc. now owns 5,538 shares of the financial services provider’s stock worth $1,328,000 after purchasing an additional 40 shares during the period. Wimmer Associates 1 LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.0% during the 4th quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider’s stock valued at $986,000 after purchasing an additional 40 shares in the last quarter. Twin Lakes Capital Management LLC lifted its stake in JPMorgan Chase & Co. by 0.3% in the 4th quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider’s stock valued at $3,340,000 after acquiring an additional 40 shares in the last quarter. Rockbridge Investment Management LCC increased its position in shares of JPMorgan Chase & Co. by 2.3% during the 4th quarter. Rockbridge Investment Management LCC now owns 1,838 shares of the financial services provider’s stock worth $441,000 after purchasing an additional 41 shares during the last quarter. Finally, WorthPointe LLC increased its holdings in shares of JPMorgan Chase & Co. by 2.9% during the 4th quarter. WorthPointe LLC now owns 1,546 shares of the financial services provider’s stock worth $371,000 after acquiring an additional 43 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.
JPMorgan Chase & Co. Stock Performance
Shares of JPM stock opened at $289.89 on Friday. The stock has a fifty day moving average of $273.91 and a 200 day moving average of $257.56. JPMorgan Chase & Co. has a 52 week low of $190.90 and a 52 week high of $296.40. The firm has a market capitalization of $805.64 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 2.59 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.25.
JPMorgan Chase & Co. Dividend Announcement
The firm 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. This represents a $5.60 annualized dividend and a yield of 1.93%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 28.73%.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Evercore ISI set a $298.00 target price on JPMorgan Chase & Co. and gave the company an “outperform” rating in a report on Monday, July 7th. Piper Sandler restated an “overweight” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday. Royal Bank Of Canada set a $305.00 price objective on JPMorgan Chase & Co. and gave the company an “outperform” rating in a research report on Monday, June 30th. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Friday, June 27th. Finally, Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $288.68.
Read Our Latest Report on JPMorgan Chase & Co.
Insider Buying and Selling
In other news, CFO Jeremy Barnum sold 40,014 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total value of $10,034,310.78. Following the transaction, the chief financial officer owned 18,017 shares of the company’s stock, valued at $4,518,123.09. This represents a 68.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction dated 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 transaction, the chief operating officer owned 62,455 shares in the company, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,200 shares of company stock worth $18,060,015 in the last three months. 0.47% of the stock is owned by company insiders.
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.
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