SOA Wealth Advisors LLC. Has $12.67 Million Stake in JPMorgan Chase & Co. $JPM

SOA Wealth Advisors LLC. decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,706 shares of the financial services provider’s stock after selling 725 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.4% of SOA Wealth Advisors LLC.’s portfolio, making the stock its 15th biggest position. SOA Wealth Advisors LLC.’s holdings in JPMorgan Chase & Co. were worth $12,671,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its position in JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after purchasing an additional 4,841 shares during the last quarter. McDonough Capital Management Inc raised its position in JPMorgan Chase & Co. by 6.6% during the 1st quarter. McDonough Capital Management Inc now owns 4,354 shares of the financial services provider’s stock worth $1,068,000 after purchasing an additional 271 shares during the last quarter. Centricity Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 3.4% in the 1st quarter. Centricity Wealth Management LLC now owns 3,099 shares of the financial services provider’s stock worth $760,000 after acquiring an additional 101 shares in the last quarter. Baldwin Wealth Partners LLC MA raised its position in shares of JPMorgan Chase & Co. by 0.3% in the 1st quarter. Baldwin Wealth Partners LLC MA now owns 94,046 shares of the financial services provider’s stock worth $23,070,000 after acquiring an additional 241 shares in the last quarter. Finally, Greystone Financial Group LLC raised its position in shares of JPMorgan Chase & Co. by 1.4% in the 1st quarter. Greystone Financial Group LLC now owns 60,166 shares of the financial services provider’s stock worth $14,759,000 after acquiring an additional 859 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the transaction, the director owned 82,207 shares in the company, valued at $24,492,753.58. The trade was a 10.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is owned by insiders.

Analysts Set New Price Targets

JPM has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock a “hold” rating in a research report on Tuesday, September 30th. Morgan Stanley lifted their price objective on JPMorgan Chase & Co. from $298.00 to $336.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. Evercore ISI lifted their price objective on JPMorgan Chase & Co. from $309.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Zacks Research lowered JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. Fifteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $309.95.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $307.61 on Wednesday. The company has a market capitalization of $845.85 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $318.01. The business has a 50-day simple moving average of $301.10 and a two-hundred day simple moving average of $275.67.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.48 by $0.48. The business had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The company’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.12 EPS. Research analysts expect 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. Stockholders of record on Monday, October 6th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, October 6th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 30.79%.

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.