Lodestone Wealth Management LLC Sells 1,676 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Lodestone Wealth Management LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 8.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,678 shares of the financial services provider's stock after selling 1,676 shares during the period. JPMorgan Chase & Co. accounts for about 2.3% of Lodestone Wealth Management LLC's holdings, making the stock its 6th biggest position. Lodestone Wealth Management LLC's holdings in JPMorgan Chase & Co. were worth $4,337,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in JPM. Redwood Park Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $29,000. Curat Global LLC acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $33,000. Sellwood Investment Partners LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $34,000. Investment Counsel Co. of Nevada acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $37,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $43,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Down 0.5%

Shares of NYSE:JPM traded down $1.41 during trading on Friday, reaching $286.78. 7,243,690 shares of the stock were exchanged, compared to its average volume of 9,558,124. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89. JPMorgan Chase & Co. has a 12-month low of $190.90 and a 12-month high of $296.40. The firm has a market cap of $796.99 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 2.62 and a beta of 1.10. The firm's 50-day moving average price is $270.30 and its 200 day moving average price is $255.98.

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, topping analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. 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 previous year, the business earned $4.44 EPS. The company's revenue for the quarter was up 8.0% on a year-over-year basis. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared 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. This represents a $5.60 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Robert W. Baird downgraded JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target for the company. in a report on Friday, June 27th. Evercore ISI set a $298.00 price target on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday. Hsbc Global Res downgraded JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday. Citigroup set a $275.00 target price on JPMorgan Chase & Co. and gave the company a "buy" rating in a report on Monday. Finally, Truist Financial raised their target price on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of "Hold" and a consensus target price of $280.45.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,129 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.76, for a total value of $1,536,908.04. Following the transaction, the chief operating officer directly owned 68,583 shares of the company's stock, valued at $17,197,873.08. This represents a 8.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 6,608 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were 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 directly owned 36,520 shares in the company, valued at approximately $9,703,729.20. The trade was a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,200 shares of company stock valued at $18,060,015. 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.