CWC Advisors LLC. Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

CWC Advisors LLC. bought a new position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,599 shares of the financial services provider's stock, valued at approximately $392,000.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted 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 worth $11,682,000 after purchasing an additional 4,841 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $66,088,000. SOA Wealth Advisors LLC. lifted its holdings in shares of JPMorgan Chase & Co. by 1.2% during the 4th quarter. SOA Wealth Advisors LLC. now owns 21,337 shares of the financial services provider's stock valued at $5,115,000 after buying an additional 255 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings 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 buying an additional 1,229 shares during the period. Finally, Highview Capital Management LLC DE boosted 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 buying an additional 1,893 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insiders Place Their Bets

In related news, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the completion of the transaction, the director owned 91,539 shares in the company, valued at approximately $22,884,750. This represents a 9.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeremy Barnum sold 40,014 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the transaction, the chief financial officer directly owned 18,017 shares of the company's stock, valued at $4,518,123.09. The trade was a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,200 shares of company stock valued at $18,060,015. 0.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Friday, June 27th. Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company an "overweight" rating in a research note on Tuesday, June 10th. Citigroup reaffirmed a "neutral" rating and set a $275.00 price target (up previously from $250.00) on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 25th. Truist Financial raised their price objective on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the stock a "hold" rating in a report on Monday, June 2nd. Finally, Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $277.74.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock traded up $4.13 during mid-day trading on Friday, hitting $296.13. The stock had a trading volume of 6,541,646 shares, compared to its average volume of 9,527,821. The firm has a market capitalization of $822.96 billion, a P/E ratio of 14.54, a P/E/G ratio of 2.72 and a beta of 1.10. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. The firm's 50 day moving average is $265.91 and its 200 day moving average is $254.16. JPMorgan Chase & Co. has a one year low of $190.90 and a one year high of $296.40.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS 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 business's revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business earned $4.44 earnings per share. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be issued a $1.40 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 1.89%. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

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.