Atria Wealth Solutions Inc. Sells 19,642 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Key Points

• Atria Wealth Solutions Inc. reduced its stake in JPMorgan Chase & Co. by 11.6%, selling 19,642 shares, and holding 149,525 shares worth approximately $36.68 million afterward.
• Wall Street analysts have diverse opinions on JPM, with price targets ranging from $288.68 to $340.00, and ratings varying from "sell" to "strong buy."
• JPMorgan Chase & Co. reported quarterly earnings of $4.96 EPS, exceeding estimates, but saw a 10.5% decline year-over-year in revenue.

Atria Wealth Solutions Inc. decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 11.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,525 shares of the financial services provider's stock after selling 19,642 shares during the period. Atria Wealth Solutions Inc.'s holdings in JPMorgan Chase & Co. were worth $36,678,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after acquiring an additional 4,841 shares during the period. Bank Pictet & Cie Europe AG increased its position in shares of JPMorgan Chase & Co. by 0.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock valued at $46,068,000 after purchasing an additional 1,229 shares during the last quarter. Highview Capital Management LLC DE lifted its stake in shares of JPMorgan Chase & Co. by 16.1% in the 4th quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock worth $3,266,000 after purchasing an additional 1,893 shares during the period. KKM Financial LLC boosted its holdings in shares of JPMorgan Chase & Co. by 3.9% in the fourth quarter. KKM Financial LLC now owns 16,854 shares of the financial services provider's stock worth $4,040,000 after buying an additional 640 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc grew its position in JPMorgan Chase & Co. by 41.4% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 222 shares of the financial services provider's stock valued at $53,000 after buying an additional 65 shares during the period. Hedge funds and other institutional investors own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

JPM has been the topic of several recent research reports. Bank of America increased their price target on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada set a $305.00 price target on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research report on Monday, June 30th. Evercore ISI set a $298.00 price objective on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research note on Monday, July 7th. Finally, KGI Securities initiated coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They set a "hold" rating for the company. Three analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $288.68.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $288.55 on Friday. The business's 50-day moving average is $283.74 and its 200 day moving average is $262.70. JPMorgan Chase & Co. has a 12 month low of $200.61 and a 12 month high of $301.29. The company has a market capitalization of $793.44 billion, a P/E ratio of 14.81, a P/E/G ratio of 1.93 and a beta of 1.11. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.48 by $0.48. The business had revenue of $44.91 billion for the quarter, compared to analysts' expectations of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. The company's revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $6.12 EPS. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd were paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 28.73%.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 6,608 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the sale, the general counsel directly owned 36,520 shares in the company, valued at approximately $9,703,729.20. This represents a 15.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the completion of the transaction, the chief operating officer directly owned 62,455 shares of the company's stock, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,557 shares of company stock valued at $4,113,796 over the last three months. Corporate insiders own 0.47% of the company's stock.

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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