Opal Wealth Advisors LLC Acquires 276 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Opal Wealth Advisors LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 8.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,414 shares of the financial services provider’s stock after purchasing an additional 276 shares during the period. Opal Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $837,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Redwood Park Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $29,000. Curat Global LLC acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at $33,000. Sellwood Investment Partners LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $34,000. Investment Counsel Co. of Nevada acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $43,000. Institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

JPM has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. TD Cowen began coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a “buy” rating and a $305.00 target price for the company. Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Tuesday, June 10th. KGI Securities began coverage on shares of JPMorgan Chase & Co. in a report on Sunday, April 13th. They issued a “hold” rating on the stock. Finally, Robert W. Baird increased their price target on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday, May 20th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average price target of $269.65.

Insider Transactions at JPMorgan Chase & Co.

In related news, CFO Jeremy Barnum sold 40,014 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $4,518,123.09. This represents a 68.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jennifer Piepszak sold 4,272 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the transaction, the chief operating officer now owns 50,197 shares of the company’s stock, valued at approximately $12,400,164.91. This represents a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 101,722 shares of company stock valued at $25,599,477. Company insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $264.72 on Monday. The company has a 50 day moving average of $252.10 and a 200-day moving average of $250.57. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $280.25. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The company has a market cap of $735.69 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company 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 posted $4.44 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 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.