NBW Capital LLC Purchases 1,351 Shares of JPMorgan Chase & Co. (NYSE:JPM)

NBW Capital LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,315 shares of the financial services provider’s stock after purchasing an additional 1,351 shares during the quarter. JPMorgan Chase & Co. accounts for 2.1% of NBW Capital LLC’s investment portfolio, making the stock its 10th largest holding. NBW Capital LLC’s holdings in JPMorgan Chase & Co. were worth $10,479,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Stone House Investment Management LLC increased its holdings in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 89 shares during the last quarter. Retirement Group LLC increased its holdings in JPMorgan Chase & Co. by 227.1% in the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 109 shares during the last quarter. Richardson Capital Management LLC purchased a new stake in JPMorgan Chase & Co. in the 1st quarter worth about $34,000. Bare Financial Services Inc purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $35,000. Finally, Partnership Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $36,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on JPM shares. UBS Group lifted their price objective on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Tuesday, July 9th. Morgan Stanley lifted their target price on JPMorgan Chase & Co. from $221.00 to $226.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Jefferies Financial Group lifted their target price on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Finally, Piper Sandler lifted their target price on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $205.71.

JPMorgan Chase & Co. Trading Down 4.2 %

JPM stock traded down $8.82 during midday trading on Friday, hitting $199.14. The company had a trading volume of 18,041,676 shares, compared to its average volume of 9,240,251. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $217.56. The stock’s 50 day moving average price is $203.48 and its 200 day moving average price is $193.14. The stock has a market cap of $571.86 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 2.42 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data 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. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The firm had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. During the same quarter in the previous year, the company posted $4.37 earnings per share. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were given a $1.15 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.31%. JPMorgan Chase & Co.’s payout ratio is currently 25.66%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $198.86, for a total transaction of $596,580.00. Following the completion of the transaction, the insider now owns 44,113 shares in the company, valued at $8,772,311.18. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Robin Leopold sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $198.86, for a total transaction of $596,580.00. Following the completion of the transaction, the insider now owns 44,113 shares in the company, valued at $8,772,311.18. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Mary E. Erdoes sold 15,895 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total value of $3,078,225.70. Following the transaction, the chief executive officer now owns 585,898 shares of the company’s stock, valued at approximately $113,465,006.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,343 shares of company stock worth $14,137,789. 0.79% of the stock is currently owned by insiders.

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.