JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Trajan Wealth LLC

Key Points

• Trajan Wealth LLC has increased its holdings in JPMorgan Chase & Co. by 6.5%, now owning over 52,000 shares valued at approximately $12.9 million.
• Insider transactions reveal significant sell-offs, with General Counsel Stacey Friedman and COO Jennifer Piepszak each reducing their shares by over 6,600 shares, indicating a potential lack of confidence among insiders.
• Despite beating earnings estimates with an EPS of $4.96, JPMorgan Chase's revenue fell by 10.5% year-over-year, prompting a mixed outlook from analysts, reflected in a current consensus rating of "Moderate Buy."

Trajan Wealth LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,528 shares of the financial services provider's stock after acquiring an additional 3,209 shares during the period. Trajan Wealth LLC's holdings in JPMorgan Chase & Co. were worth $12,885,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. MJT & Associates Financial Advisory Group Inc. acquired a new position in JPMorgan Chase & Co. during the 1st quarter worth approximately $28,000. University of Illinois Foundation purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at $30,000. Curat Global LLC purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at $33,000. Measured Risk Portfolios Inc. purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $44,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $54,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JPM has been the subject of several research reports. 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. Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Royal Bank Of Canada set a $305.00 price objective on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a research note on Monday, June 30th. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. Finally, Citigroup set a $275.00 price target on shares of JPMorgan Chase & Co. and gave the stock a "buy" rating in a research note on Monday, July 7th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $288.68.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 2,821 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $749,567.91. Following the completion of the transaction, the general counsel owned 68,757 shares in the company, valued at approximately $18,269,422.47. This represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jennifer Piepszak sold 6,128 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the transaction, the chief operating officer owned 62,455 shares of the company's stock, valued at $16,392,563.85. This represents a 8.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,557 shares of company stock valued at $4,113,796. 0.47% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Down 1.3%

Shares of JPM traded down $3.68 during mid-day trading on Friday, reaching $290.48. 7,339,238 shares of the stock traded hands, compared to its average volume of 7,940,475. The firm has a market cap of $798.75 billion, a price-to-earnings ratio of 14.90, a P/E/G ratio of 1.93 and a beta of 1.11. The stock has a fifty day simple moving average of $286.42 and a 200 day simple moving average of $263.59. JPMorgan Chase & Co. has a 12-month low of $200.61 and a 12-month high of $301.29. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same quarter in the previous year, the firm earned $6.12 earnings per share. The business's revenue was down 10.5% compared to the same quarter last year. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd were paid a dividend of $1.40 per share. The ex-dividend date was Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 1.9%. JPMorgan Chase & Co.'s payout ratio is presently 28.73%.

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.