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

Brown Miller Wealth Management LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 45,075 shares of the financial services provider’s stock after acquiring an additional 304 shares during the period. JPMorgan Chase & Co. comprises approximately 3.8% of Brown Miller Wealth Management LLC’s holdings, making the stock its 4th largest position. Brown Miller Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $11,057,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. DDD Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 2.8% in the fourth quarter. DDD Partners LLC now owns 1,416 shares of the financial services provider’s stock worth $339,000 after acquiring an additional 38 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its position in JPMorgan Chase & Co. by 1.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider’s stock worth $622,000 after purchasing an additional 38 shares in the last quarter. Hurlow Wealth Management Group Inc. raised its stake in JPMorgan Chase & Co. by 0.7% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 5,538 shares of the financial services provider’s stock valued at $1,328,000 after purchasing an additional 40 shares during the last quarter. Wimmer Associates 1 LLC lifted its holdings in JPMorgan Chase & Co. by 1.0% in 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. Finally, Twin Lakes Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.3% during the 4th quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider’s stock worth $3,340,000 after purchasing an additional 40 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,272 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 24th. The shares were sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the sale, the chief operating officer now owns 50,197 shares of the company’s stock, valued at $12,400,164.91. The trade was a 7.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the transaction, the insider now owns 49,127 shares in the company, valued at $12,130,438.84. This represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,722 shares of company stock valued at $25,599,477 over the last 90 days. 0.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Tuesday, June 10th. Truist Financial lifted their target price on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the stock a “hold” rating in a research note on Monday, June 2nd. KGI Securities began coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They set a “hold” rating on the stock. Royal Bank Of Canada restated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Finally, Piper Sandler reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Hold” and an average price target of $269.65.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $269.35 on Wednesday. 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 company has a market cap of $748.55 billion, a PE ratio of 13.22, a P/E/G ratio of 2.74 and a beta of 1.08. The company’s fifty day simple moving average is $253.87 and its 200-day simple moving average is $250.84. JPMorgan Chase & Co. has a 52 week low of $190.90 and a 52 week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.63 by $0.44. The company had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted $4.44 earnings per share. As a group, equities research analysts anticipate 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 issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.49%.

JPMorgan Chase & Co. Company 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.