1900 Wealth Management LLC Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

1900 Wealth Management LLC lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 28.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,218 shares of the financial services provider's stock after selling 5,226 shares during the period. 1900 Wealth Management LLC's holdings in JPMorgan Chase & Co. were worth $3,242,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Fourth Dimension Wealth LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth about $471,000. Disciplined Investments LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $217,000. LGT Group Foundation lifted its stake in shares of JPMorgan Chase & Co. by 2.8% in the 4th quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock valued at $126,040,000 after purchasing an additional 14,300 shares during the last quarter. Kinsale Capital Group Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 11.1% in the 4th quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider's stock worth $10,483,000 after purchasing an additional 4,375 shares during the period. Finally, Jag Capital Management LLC increased its position in shares of JPMorgan Chase & Co. by 10.5% during the 4th quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JPM. Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company an "overweight" rating in a report on Tuesday, June 10th. KGI Securities began coverage on shares of JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a "hold" rating for the company. Finally, TD Cowen initiated coverage on JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a "buy" rating and a $305.00 target price on the stock. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of "Hold" and a consensus price target of $269.65.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO Troy L. Rohrbaugh sold 25,000 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $247.02, for a total value of $6,175,500.00. Following the sale, the chief executive officer now directly owns 133,381 shares in the company, valued at approximately $32,947,774.62. This trade represents a 15.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jennifer Piepszak sold 6,128 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the transaction, the chief operating officer now owns 62,455 shares of the company's stock, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 101,722 shares of company stock valued at $25,599,477. Corporate insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Down 0.4%

NYSE JPM opened at $269.35 on Wednesday. JPMorgan Chase & Co. has a one year low of $190.90 and a one year high of $280.25. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $748.55 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 2.74 and a beta of 1.08. The company's 50-day simple moving average is $253.87 and its two-hundred day simple moving average is $250.84.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.44. The company had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. JPMorgan Chase & Co.'s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted $4.44 earnings per share. Equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.08%. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

JPMorgan Chase & Co. Company 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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