JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by FSA Wealth Management LLC

FSA Wealth Management LLC lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,774 shares of the financial services provider’s stock after selling 149 shares during the period. FSA Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Blackston Financial Advisory Group LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $401,000. Ritholtz Wealth Management boosted its holdings in JPMorgan Chase & Co. by 10.6% in the 4th quarter. Ritholtz Wealth Management now owns 66,775 shares of the financial services provider’s stock valued at $11,358,000 after purchasing an additional 6,387 shares in the last quarter. Ballast Inc. boosted its holdings in JPMorgan Chase & Co. by 9.6% in the 4th quarter. Ballast Inc. now owns 13,746 shares of the financial services provider’s stock valued at $2,338,000 after purchasing an additional 1,207 shares in the last quarter. Francis Financial Inc. purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $406,000. Finally, Strong Tower Advisory Services boosted its holdings in JPMorgan Chase & Co. by 4.0% in the 4th quarter. Strong Tower Advisory Services now owns 5,947 shares of the financial services provider’s stock valued at $1,012,000 after purchasing an additional 226 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 1.1 %

JPM traded down $2.40 during trading on Wednesday, hitting $212.79. The company’s stock had a trading volume of 9,068,837 shares, compared to its average volume of 9,216,961. The firm’s 50 day moving average price is $203.00 and its 200-day moving average price is $192.51. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92. The stock has a market cap of $611.06 billion, a PE ratio of 12.00, a PEG ratio of 2.47 and a beta of 1.12. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $217.56.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating the consensus estimate of $4.19 by $1.93. The company had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period in the previous year, the firm posted $4.37 EPS. On average, analysts expect that JPMorgan Chase & Co. will post 16.67 earnings per share for the current 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 paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 annualized dividend and a dividend yield of 2.16%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.66%.

Insider Activity

In other news, insider Robin Leopold sold 3,000 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $198.86, for a total transaction of $596,580.00. Following the completion of the sale, the insider now directly owns 44,113 shares of the company’s stock, valued at approximately $8,772,311.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Robin Leopold sold 3,000 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $198.86, for a total transaction of $596,580.00. Following the completion of the sale, the insider now directly owns 44,113 shares of the company’s stock, valued at approximately $8,772,311.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total transaction of $984,853.04. Following the sale, the insider now directly owns 217,351 shares of the company’s stock, valued at $42,087,847.64. The disclosure for this sale can be found here. Insiders sold 72,343 shares of company stock valued at $14,137,789 in the last ninety days. Company insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Jefferies Financial Group lifted their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Piper Sandler lifted their price target on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $203.17.

JPMorgan Chase & Co. Profile

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.