DHJJ Financial Advisors Ltd. Sells 48 Shares of JPMorgan Chase & Co. (NYSE:JPM)

DHJJ Financial Advisors Ltd. reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,863 shares of the financial services provider’s stock after selling 48 shares during the period. DHJJ Financial Advisors Ltd.’s holdings in JPMorgan Chase & Co. were worth $457,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marest Capital LLC boosted its holdings in JPMorgan Chase & Co. by 0.9% in the first quarter. Marest Capital LLC now owns 17,048 shares of the financial services provider’s stock valued at $4,182,000 after acquiring an additional 149 shares during the last quarter. Tennessee Valley Asset Management Partners lifted its position in JPMorgan Chase & Co. by 7.2% during the 1st quarter. Tennessee Valley Asset Management Partners now owns 6,974 shares of the financial services provider’s stock valued at $1,711,000 after purchasing an additional 468 shares during the period. Bell Bank boosted its stake in shares of JPMorgan Chase & Co. by 1.9% in the 1st quarter. Bell Bank now owns 18,749 shares of the financial services provider’s stock valued at $4,599,000 after purchasing an additional 358 shares during the last quarter. Rakuten Securities Inc. grew its position in shares of JPMorgan Chase & Co. by 39.3% during the 1st quarter. Rakuten Securities Inc. now owns 2,292 shares of the financial services provider’s stock worth $562,000 after buying an additional 647 shares during the period. Finally, Edge Financial Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 3.4% during the first quarter. Edge Financial Advisors LLC now owns 7,985 shares of the financial services provider’s stock worth $1,959,000 after buying an additional 265 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Morgan Stanley reaffirmed an “equal weight” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Tuesday, June 10th. Truist Financial lifted their price objective on JPMorgan Chase & Co. from $270.00 to $280.00 and gave the stock a “hold” rating in a research note on Monday, June 2nd. UBS Group upped their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, April 17th. Finally, Piper Sandler reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $271.70.

Insider Buying and Selling

In other news, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the sale, the insider now directly owns 49,127 shares in the company, valued at $12,130,438.84. The trade was a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 6,608 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 value of $1,755,811.68. Following the transaction, the general counsel now 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 disclosure for this sale can be found here. In the last ninety 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. Price Performance

NYSE JPM opened at $273.83 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market cap of $760.98 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 2.76 and a beta of 1.08. The business has a 50 day simple moving average of $255.59 and a 200 day simple moving average of $251.19. 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 results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating 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 company had revenue of $45.30 billion during the quarter, compared to analysts’ expectations of $43.62 billion. During the same quarter in the prior year, the company earned $4.44 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. Analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s payout ratio is presently 27.49%.

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.