Brown Financial Advisory Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

Brown Financial Advisory purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 918 shares of the financial services provider's stock, valued at approximately $225,000.

Other institutional investors have also recently made changes to their positions in the company. Fourth Dimension Wealth LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $471,000. Crown Wealth Group LLC increased its holdings in shares of JPMorgan Chase & Co. by 5.4% during the 1st quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider's stock worth $1,060,000 after acquiring an additional 222 shares during the last quarter. Hidden Cove Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 4.2% during the 1st quarter. Hidden Cove Wealth Management LLC now owns 2,758 shares of the financial services provider's stock worth $677,000 after acquiring an additional 112 shares during the last quarter. Aaron Wealth Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 6.4% during the 1st quarter. Aaron Wealth Advisors LLC now owns 20,191 shares of the financial services provider's stock worth $4,953,000 after acquiring an additional 1,218 shares during the last quarter. Finally, KG&L Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.2% during the 1st quarter. KG&L Capital Management LLC now owns 52,576 shares of the financial services provider's stock worth $12,779,000 after acquiring an additional 624 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $286.78 on Monday. The stock has a fifty day moving average price of $270.98 and a 200-day moving average price of $256.48. The company has a market cap of $796.99 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 2.62 and a beta of 1.10. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89. JPMorgan Chase & Co. has a fifty-two week low of $190.90 and a fifty-two week high of $296.40.

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

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be given a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 1.95%. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Insiders Place Their Bets

In related news, General Counsel Stacey Friedman sold 2,821 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $749,567.91. Following the completion of the sale, the general counsel directly owned 68,757 shares in the company, valued at $18,269,422.47. This represents a 3.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total value of $2,375,000.00. Following the sale, the director owned 91,539 shares of the company's stock, valued at approximately $22,884,750. This represents a 9.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,200 shares of company stock valued at $18,060,015 in the last quarter. Corporate insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of recent analyst reports. Piper Sandler reissued a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Morgan Stanley set a $240.00 price objective on JPMorgan Chase & Co. and gave the company an "equal weight" rating in a report on Monday, July 7th. Citigroup set a $275.00 price objective on JPMorgan Chase & Co. and gave the company a "buy" rating in a report on Monday, July 7th. UBS Group upped their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Finally, Bank of America upped their price objective on JPMorgan Chase & Co. from $300.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of "Hold" and a consensus target price of $284.42.

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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