HBW Advisory Services LLC Buys 2,281 Shares of JPMorgan Chase & Co. (NYSE:JPM)

HBW Advisory Services LLC grew its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 46.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 7,206 shares of the financial services provider's stock after buying an additional 2,281 shares during the period. HBW Advisory Services LLC's holdings in JPMorgan Chase & Co. were worth $1,768,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of JPM. Merit Financial Group LLC raised its stake in JPMorgan Chase & Co. by 16.5% in the 1st quarter. Merit Financial Group LLC now owns 111,410 shares of the financial services provider's stock valued at $27,329,000 after purchasing an additional 15,781 shares during the last quarter. Paladin Wealth LLC raised its holdings in JPMorgan Chase & Co. by 5.8% in the first quarter. Paladin Wealth LLC now owns 4,989 shares of the financial services provider's stock valued at $1,224,000 after acquiring an additional 273 shares in the last quarter. Lbmc Investment Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 0.8% in the first quarter. Lbmc Investment Advisors LLC now owns 6,781 shares of the financial services provider's stock worth $1,663,000 after purchasing an additional 55 shares during the period. Roxbury Financial LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.6% during the first quarter. Roxbury Financial LLC now owns 8,244 shares of the financial services provider's stock valued at $2,182,000 after acquiring an additional 132 shares during the period. Finally, Milestone Asset Management LLC grew its holdings in JPMorgan Chase & Co. by 152.7% in the 1st quarter. Milestone Asset Management LLC now owns 18,779 shares of the financial services provider's stock worth $4,607,000 after buying an additional 11,348 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Down 0.9%

Shares of NYSE:JPM traded down $2.44 during midday trading on Thursday, hitting $261.78. 8,062,593 shares of the stock traded hands, compared to its average volume of 9,543,152. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a one year low of $190.88 and a one year high of $280.25. The stock has a market capitalization of $727.52 billion, a PE ratio of 13.26, a P/E/G ratio of 2.83 and a beta of 1.08. The business's 50 day moving average is $246.91 and its two-hundred day moving average is $249.59.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced 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. The business had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $4.44 earnings per share. As a group, research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is currently 27.49%.

Insiders Place Their Bets

In related news, CEO Troy L. Rohrbaugh sold 25,000 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction 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 represents a 15.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Stacey Friedman sold 6,608 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 20th. The stock was 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 trade represents a 15.32% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 95,594 shares of company stock worth $23,991,061. Company insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

JPM has been the subject of several research reports. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Piper Sandler reissued a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday. TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday. UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Finally, KGI Securities assumed coverage on 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 assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $267.15.

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.