Onyx Bridge Wealth Group LLC Raises Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Onyx Bridge Wealth Group LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.1% during the first quarter, HoldingsChannel.com reports. The fund owned 14,018 shares of the financial services provider’s stock after buying an additional 289 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in JPMorgan Chase & Co. were worth $3,439,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Redwood Park Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $29,000. Curat Global LLC purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at $33,000. Sellwood Investment Partners LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $34,000. Investment Counsel Co. of Nevada purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $37,000. Finally, Prudent Man Investment Management Inc. acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at $43,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 2,821 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $749,567.91. Following the completion of the sale, the general counsel owned 68,757 shares of the company’s stock, valued at $18,269,422.47. This represents a 3.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 71,200 shares of company stock worth $18,060,015 in the last 90 days. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Stock Up 0.1%

JPM opened at $282.94 on Thursday. 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 50-day moving average price of $269.48 and a 200 day moving average price of $255.64. The company has a market cap of $786.32 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 2.62 and a beta of 1.10.

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 the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The firm had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the prior year, the firm earned $4.44 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm 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. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 1.98%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.49%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on JPM shares. Wells Fargo & Company restated an “overweight” rating on shares of JPMorgan Chase & Co. in a research report on Monday. Evercore ISI set a $298.00 target price on shares of JPMorgan Chase & Co. and gave the company an “outperform” rating in a research report on Monday. Keefe, Bruyette & Woods upgraded shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $327.00 target price for the company in a research report on Wednesday. Bank of America boosted their target price on shares of JPMorgan Chase & Co. from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, June 18th. Finally, KGI Securities started coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a “hold” rating for the company. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus target price of $280.45.

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.