Marotta Asset Management Has $402,000 Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Marotta Asset Management decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 18.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,005 shares of the financial services provider’s stock after selling 455 shares during the period. Marotta Asset Management’s holdings in JPMorgan Chase & Co. were worth $402,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stone House Investment Management LLC lifted its position in JPMorgan Chase & Co. by 132.8% during the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares during the period. Bare Financial Services Inc acquired a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $35,000. Partnership Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $36,000. Stuart Chaussee & Associates Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $40,000. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity

In other news, CEO James Dimon sold 178,222 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lori A. Beer sold 3,920 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the sale, the insider now directly owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 254,485 shares of company stock valued at $47,728,528. 0.79% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on JPM shares. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. UBS Group upped their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Morgan Stanley lowered their price target on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a research note on Tuesday, May 21st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $211.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Finally, Piper Sandler upped their price target on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, May 21st. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.10.

JPMorgan Chase & Co. Stock Up 1.0 %

Shares of JPM traded up $2.02 during mid-day trading on Tuesday, hitting $197.00. 8,870,303 shares of the company’s stock were exchanged, compared to its average volume of 9,152,471. The company has a market cap of $565.72 billion, a PE ratio of 11.88, a P/E/G ratio of 2.61 and a beta of 1.12. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $205.88. The company has a 50-day simple moving average of $194.83 and a 200 day simple moving average of $183.74. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating the consensus estimate of $4.18 by $0.45. The company had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. On average, research analysts forecast that JPMorgan Chase & Co. will post 16.41 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.