Center for Financial Planning Inc. Buys 379 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Center for Financial Planning Inc. boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,254 shares of the financial services provider’s stock after purchasing an additional 379 shares during the quarter. JPMorgan Chase & Co. makes up 0.5% of Center for Financial Planning Inc.’s investment portfolio, making the stock its 13th largest position. Center for Financial Planning Inc.’s holdings in JPMorgan Chase & Co. were worth $4,233,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Redwood Park Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $29,000. Curat Global LLC bought a new position in JPMorgan Chase & Co. in the 1st quarter valued at $33,000. Sellwood Investment Partners LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at $34,000. Investment Counsel Co. of Nevada bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at $37,000. Finally, Midwest Capital Advisors LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at $43,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.0%

NYSE JPM opened at $284.14 on Thursday. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $284.28. 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 50-day moving average of $259.29 and a 200-day moving average of $252.14. The firm has a market cap of $789.65 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08.

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 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 company had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. During the same quarter in the previous year, the company posted $4.44 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

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 of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 1.97%. JPMorgan Chase & Co.’s payout ratio is currently 27.49%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Baird R W raised JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. 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. KGI Securities assumed coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a “hold” rating for the company. Royal Bank Of Canada reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Finally, TD Securities reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $271.90.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CFO Jeremy Barnum sold 40,014 shares of the company’s 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 transaction, the chief financial officer now directly owns 18,017 shares of the company’s stock, valued at approximately $4,518,123.09. This represents a 68.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 2,821 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $749,567.91. Following the sale, the general counsel now owns 68,757 shares of the company’s stock, valued at approximately $18,269,422.47. This represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,200 shares of company stock worth $18,060,015. 0.47% of the stock is currently owned by insiders.

About JPMorgan Chase & Co.

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.