AAF Wealth Management LLC Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

AAF Wealth Management LLC grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,105 shares of the financial services provider’s stock after purchasing an additional 115 shares during the quarter. AAF Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Redwood Park Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $29,000. Sellwood Investment Partners LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $34,000. Investment Counsel Co. of Nevada purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $37,000. Midwest Capital Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $43,000. Finally, Prudent Man Investment Management Inc. purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $260.50 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The business’s 50 day simple moving average is $243.37 and its two-hundred day simple moving average is $248.05. The stock has a market capitalization of $723.95 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a one year low of $190.88 and a one year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.63 by $0.44. The business had revenue of $45.30 billion for the quarter, compared to analysts’ expectations of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $4.44 EPS. Analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be paid a $1.40 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 2.15%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.49%.

Insider Activity

In other news, General Counsel Stacey Friedman sold 6,608 shares of the business’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the transaction, the general counsel now directly owns 36,520 shares of the company’s stock, valued at approximately $9,703,729.20. The trade was a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jennifer Piepszak sold 4,272 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.03, for a total value of $1,055,312.16. Following the transaction, the chief operating officer now directly owns 50,197 shares in the company, valued at $12,400,164.91. This trade represents a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,594 shares of company stock valued at $23,991,061. Company insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on JPM shares. KGI Securities assumed coverage on JPMorgan Chase & Co. in a report on Sunday, April 13th. They set a “hold” rating on the stock. Robert W. Baird lifted their price target on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday. Piper Sandler lifted their price target on JPMorgan Chase & Co. from $260.00 to $295.00 and gave the company an “overweight” rating in a research report on Tuesday. Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Morgan Stanley lifted their price target on JPMorgan Chase & Co. from $235.00 to $236.00 and gave the company an “equal weight” rating in a research report on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and thirteen have assigned a 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 $266.20.

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.