EPG Wealth Management LLC Sells 1,778 Shares of JPMorgan Chase & Co. (NYSE:JPM)

EPG Wealth Management LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,984 shares of the financial services provider's stock after selling 1,778 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.6% of EPG Wealth Management LLC's holdings, making the stock its 12th largest holding. EPG Wealth Management LLC's holdings in JPMorgan Chase & Co. were worth $5,989,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in JPM. Redwood Park Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth $29,000. Sellwood Investment Partners LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $34,000. Investment Counsel Co. of Nevada bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $37,000. Midwest Capital Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $43,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $43,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the completion of the transaction, the director now owns 91,539 shares of the company's stock, valued at approximately $22,884,750. The trade was a 9.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jennifer Piepszak sold 6,129 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.76, for a total transaction of $1,536,908.04. Following the transaction, the chief operating officer now owns 68,583 shares of the company's stock, valued at approximately $17,197,873.08. This represents a 8.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,188 shares of company stock valued at $33,095,363. Corporate insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $249.32 on Wednesday. The company has a market cap of $693.86 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a fifty-two week low of $190.88 and a fifty-two week high of $280.25. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The stock has a fifty day moving average price of $238.65 and a 200-day moving average price of $245.08.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. The company had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.44 EPS. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th were paid a $1.40 dividend. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date was Friday, April 4th. This represents a $5.60 annualized dividend and a dividend yield of 2.25%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

Analysts Set New Price Targets

Several research firms have issued reports on JPM. Robert W. Baird raised JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. Truist Financial set a $261.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, April 14th. KGI Securities assumed coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating on the stock. Finally, Bank of America decreased their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $255.67.

JPMorgan Chase & Co. Profile

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.

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