CWA Asset Management Group LLC Sells 5,779 Shares of JPMorgan Chase & Co. (NYSE:JPM)

CWA Asset Management Group LLC reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 101,367 shares of the financial services provider's stock after selling 5,779 shares during the period. JPMorgan Chase & Co. comprises 1.2% of CWA Asset Management Group LLC's portfolio, making the stock its 13th biggest position. CWA Asset Management Group LLC's holdings in JPMorgan Chase & Co. were worth $24,865,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Redwood Park Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $29,000. Curat Global LLC bought a new stake in JPMorgan Chase & Co. during the 1st quarter valued at $33,000. Sellwood Investment Partners LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $34,000. Investment Counsel Co. of Nevada bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $37,000. Finally, Prudent Man Investment Management Inc. bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $43,000. 71.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on JPM shares. Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Truist Financial lifted their target price on JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a "hold" rating in a research report on Monday, June 2nd. Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 10th. Piper Sandler reissued a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Finally, Royal Bank Of Canada reissued a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of "Hold" and a consensus target price of $271.70.

JPMorgan Chase & Co. Stock Up 0.3%

JPMorgan Chase & Co. stock opened at $274.74 on Friday. 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 business's 50-day simple moving average is $256.36 and its two-hundred day simple moving average is $251.40. The company has a market cap of $763.52 billion, a PE ratio of 13.49, a PEG ratio of 2.76 and a beta of 1.08. JPMorgan Chase & Co. has a fifty-two week low of $190.90 and a fifty-two week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted 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. The business had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.44 EPS. Equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 2.04%. JPMorgan Chase & Co.'s payout ratio is presently 27.49%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CFO Jeremy Barnum sold 40,014 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total value of $10,034,310.78. Following the completion of the transaction, the chief financial officer now owns 18,017 shares of the company's stock, valued at $4,518,123.09. The trade was a 68.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the business'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 completion of the transaction, the chief executive officer now directly owns 133,381 shares of the company's stock, valued at approximately $32,947,774.62. This trade represents a 15.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,722 shares of company stock worth $25,599,477. 0.47% of the stock is currently owned by insiders.

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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