Fifth Third Wealth Advisors LLC Increases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Fifth Third Wealth Advisors LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 10.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 107,779 shares of the financial services provider's stock after acquiring an additional 9,871 shares during the period. JPMorgan Chase & Co. comprises 1.4% of Fifth Third Wealth Advisors LLC's investment portfolio, making the stock its 12th biggest holding. Fifth Third Wealth Advisors LLC's holdings in JPMorgan Chase & Co. were worth $26,438,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cerro Pacific Wealth Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 0.9% in the 1st quarter. Cerro Pacific Wealth Advisors LLC now owns 15,888 shares of the financial services provider's stock valued at $3,809,000 after acquiring an additional 137 shares during the period. Veery Capital LLC grew its holdings in shares of JPMorgan Chase & Co. by 2.9% in the first quarter. Veery Capital LLC now owns 2,754 shares of the financial services provider's stock valued at $676,000 after purchasing an additional 78 shares in the last quarter. Meyer Handelman Co. grew its holdings in shares of JPMorgan Chase & Co. by 0.3% in the first quarter. Meyer Handelman Co. now owns 299,544 shares of the financial services provider's stock valued at $73,478,000 after purchasing an additional 1,043 shares in the last quarter. Beese Fulmer Investment Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.5% in the first quarter. Beese Fulmer Investment Management Inc. now owns 91,404 shares of the financial services provider's stock valued at $22,422,000 after purchasing an additional 446 shares in the last quarter. Finally, LVM Capital Management Ltd. MI grew its holdings in shares of JPMorgan Chase & Co. by 324.0% in the first quarter. LVM Capital Management Ltd. MI now owns 53,353 shares of the financial services provider's stock valued at $13,087,000 after purchasing an additional 40,769 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Piper Sandler restated a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday. Royal Bank of Canada restated a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday. Bank of America dropped their price objective on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Evercore ISI dropped their price objective on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Finally, KGI Securities began coverage on shares of JPMorgan Chase & Co. in a report on Sunday, April 13th. They issued a "hold" rating for the company. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $267.15.

JPMorgan Chase & Co. Stock Up 0.2%

Shares of JPMorgan Chase & Co. stock traded up $0.46 during trading hours on Monday, hitting $264.46. The company had a trading volume of 6,008,253 shares, compared to its average volume of 9,550,449. The company's 50-day moving average is $245.86 and its two-hundred day moving average is $249.24. JPMorgan Chase & Co. has a twelve month low of $190.88 and a twelve month high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The company has a market cap of $734.96 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. During the same quarter in the prior year, the business posted $4.44 EPS. The company's revenue for the quarter was up 8.0% on a year-over-year basis. Analysts anticipate 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 paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Insider Buying and Selling

In related news, COO Jennifer Piepszak sold 4,272 shares of the stock in a transaction on 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 completion of the sale, the chief operating officer now owns 50,197 shares in the company, valued at $12,400,164.91. This represents a 7.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the sale, the insider now owns 49,127 shares of the company's stock, valued at approximately $12,130,438.84. This represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,594 shares of company stock worth $23,991,061 in the last 90 days. Company insiders own 0.47% of the company's stock.

About JPMorgan Chase & Co.

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.