CMH Wealth Management LLC Sells 50 Shares of JPMorgan Chase & Co. $JPM

CMH Wealth Management LLC cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 884 shares of the financial services provider’s stock after selling 50 shares during the period. CMH Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $256,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. First Command Advisory Services Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 1st quarter. First Command Advisory Services Inc. now owns 9,306 shares of the financial services provider’s stock valued at $2,283,000 after purchasing an additional 40 shares during the last quarter. Black Swift Group LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.7% during the 1st quarter. Black Swift Group LLC now owns 5,759 shares of the financial services provider’s stock valued at $1,413,000 after purchasing an additional 40 shares during the last quarter. Beacon Bridge Wealth Partners LLC grew its holdings in JPMorgan Chase & Co. by 1.8% during the 1st quarter. Beacon Bridge Wealth Partners LLC now owns 2,231 shares of the financial services provider’s stock worth $547,000 after acquiring an additional 40 shares during the last quarter. Jackson Creek Investment Advisors LLC grew its holdings in JPMorgan Chase & Co. by 1.7% during the 1st quarter. Jackson Creek Investment Advisors LLC now owns 2,470 shares of the financial services provider’s stock worth $606,000 after acquiring an additional 41 shares during the last quarter. Finally, Vawter Financial Ltd. grew its holdings in JPMorgan Chase & Co. by 1.0% during the 1st quarter. Vawter Financial Ltd. now owns 3,971 shares of the financial services provider’s stock worth $974,000 after acquiring an additional 41 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $314.25 on Monday. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $315.80. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $864.11 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 2.09 and a beta of 1.13. The company has a fifty day moving average price of $296.43 and a 200-day moving average price of $269.43.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.48 by $0.48. The firm had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business’s revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.12 EPS. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, October 6th will be given a dividend of $1.50 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 28.73%.

Analyst Ratings Changes

JPM has been the topic of a number of research reports. Evercore ISI set a $298.00 target price on shares of JPMorgan Chase & Co. and gave the stock an “outperform” rating in a report on Monday, July 7th. Truist Financial boosted their target price on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a “hold” rating in a report on Wednesday, July 9th. Phillip Securities lowered shares of JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 16th. Royal Bank Of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, September 11th. Finally, TD Securities reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $292.78.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the transaction, the director owned 82,207 shares in the company, valued at $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is owned by corporate insiders.

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.