JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Bernard Wealth Management Corp.

Bernard Wealth Management Corp. boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 104.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,615 shares of the financial services provider's stock after buying an additional 8,984 shares during the period. JPMorgan Chase & Co. makes up about 2.1% of Bernard Wealth Management Corp.'s portfolio, making the stock its 11th biggest holding. Bernard Wealth Management Corp.'s holdings in JPMorgan Chase & Co. were worth $4,321,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. DDD Partners LLC increased its position in JPMorgan Chase & Co. by 2.8% during the fourth quarter. DDD Partners LLC now owns 1,416 shares of the financial services provider's stock valued at $339,000 after acquiring an additional 38 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its position in shares of JPMorgan Chase & Co. by 1.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider's stock worth $622,000 after acquiring an additional 38 shares during the period. Almanack Investment Partners LLC. raised its position in JPMorgan Chase & Co. by 0.8% during the 4th quarter. Almanack Investment Partners LLC. now owns 5,143 shares of the financial services provider's stock valued at $1,233,000 after purchasing an additional 39 shares in the last quarter. Hurlow Wealth Management Group Inc. lifted its stake in JPMorgan Chase & Co. by 0.7% in the fourth quarter. Hurlow Wealth Management Group Inc. now owns 5,538 shares of the financial services provider's stock worth $1,328,000 after acquiring an additional 40 shares during the period. Finally, Wimmer Associates 1 LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.0% during the fourth quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider's stock valued at $986,000 after purchasing an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM traded up $5.26 during trading on Monday, reaching $270.21. 6,911,093 shares of the company traded hands, compared to its average volume of 9,529,124. The stock has a market cap of $750.93 billion, a P/E ratio of 13.69, a PEG ratio of 2.83 and a beta of 1.08. The firm's fifty day simple moving average is $252.10 and its 200 day simple moving average is $250.57. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12-month low of $190.90 and a 12-month high of $280.25.

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

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Insider Buying and Selling

In other news, COO Jennifer Piepszak sold 4,272 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the sale, the chief operating officer now directly owns 50,197 shares of the company's stock, valued at $12,400,164.91. This represents a 7.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Stacey Friedman sold 6,608 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $1,755,811.68. Following the completion of the transaction, the general counsel now owns 36,520 shares of the company's stock, valued at approximately $9,703,729.20. This represents a 15.32% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,722 shares of company stock valued at $25,599,477. Corporate insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Bank of America cut their target price on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Evercore ISI cut their price objective on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. UBS Group increased their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Piper Sandler reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Finally, TD Cowen initiated coverage on JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a "buy" rating and a $305.00 price target on the stock. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $269.65.

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.