JGP Wealth Management LLC Sells 10,696 Shares of JPMorgan Chase & Co. (NYSE:JPM)

JGP Wealth Management LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 11.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 81,691 shares of the financial services provider's stock after selling 10,696 shares during the period. JPMorgan Chase & Co. comprises approximately 2.6% of JGP Wealth Management LLC's investment portfolio, making the stock its 7th largest holding. JGP Wealth Management LLC's holdings in JPMorgan Chase & Co. were worth $20,039,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of JPM. Bond & Devick Financial Network Inc. lifted its position in shares of JPMorgan Chase & Co. by 19.0% in the first quarter. Bond & Devick Financial Network Inc. now owns 2,897 shares of the financial services provider's stock valued at $711,000 after buying an additional 462 shares during the last quarter. Mirador Capital Partners LP increased its holdings in shares of JPMorgan Chase & Co. by 5.0% during the 1st quarter. Mirador Capital Partners LP now owns 57,543 shares of the financial services provider's stock worth $14,115,000 after acquiring an additional 2,766 shares during the last quarter. Conrad Siegel Investment Advisors Inc. raised its stake in JPMorgan Chase & Co. by 4.7% in the 1st quarter. Conrad Siegel Investment Advisors Inc. now owns 1,184 shares of the financial services provider's stock valued at $291,000 after acquiring an additional 53 shares during the period. Aletheian Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 11.0% during the 1st quarter. Aletheian Wealth Advisors LLC now owns 3,184 shares of the financial services provider's stock valued at $781,000 after purchasing an additional 315 shares during the last quarter. Finally, Bowman & Co S.C. boosted its position in JPMorgan Chase & Co. by 4.1% during the first quarter. Bowman & Co S.C. now owns 25,887 shares of the financial services provider's stock worth $6,351,000 after purchasing an additional 1,009 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the transaction, the insider now directly owns 49,127 shares of the company's stock, valued at approximately $12,130,438.84. The trade was a 2.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jennifer Piepszak sold 4,272 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $247.03, for a total value of $1,055,312.16. Following the completion of the sale, the chief operating officer now directly owns 50,197 shares of the company's stock, valued at approximately $12,400,164.91. The trade was a 7.84% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,594 shares of company stock worth $23,991,061. 0.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on JPM. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Wall Street Zen raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Royal Bank of Canada reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday. Piper Sandler reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday. Finally, TD Cowen began coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a "buy" rating and a $305.00 target price on the stock. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and an average target price of $267.15.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock traded down $0.95 during midday trading on Wednesday, reaching $265.32. The company's stock had a trading volume of 2,805,412 shares, compared to its average volume of 9,526,344. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The stock has a market cap of $737.35 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a 52 week low of $190.88 and a 52 week high of $280.25. The business has a 50-day moving average price of $246.48 and a 200-day moving average price of $249.49.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results 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 firm had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company earned $4.44 earnings per share. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced 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 of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 2.11%. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

JPMorgan Chase & Co. Company 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.