Aaron Wealth Advisors LLC Raises Position in JPMorgan Chase & Co. (NYSE:JPM)

Aaron Wealth Advisors LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,191 shares of the financial services provider's stock after acquiring an additional 1,218 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.6% of Aaron Wealth Advisors LLC's investment portfolio, making the stock its 29th largest position. Aaron Wealth Advisors LLC's holdings in JPMorgan Chase & Co. were worth $4,953,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of JPM. Redwood Park Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $29,000. Curat Global LLC bought a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $33,000. Sellwood Investment Partners LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $34,000. Investment Counsel Co. of Nevada bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $37,000. Finally, Prudent Man Investment Management Inc. bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Down 3.1%

JPMorgan Chase & Co. stock traded down $9.11 during trading hours on Tuesday, reaching $282.86. 15,430,363 shares of the company's stock were exchanged, compared to its average volume of 10,289,449. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. The firm's 50 day simple moving average is $267.94 and its 200 day simple moving average is $255.26. JPMorgan Chase & Co. has a twelve month low of $190.90 and a twelve month high of $296.40. The firm has a market capitalization of $786.09 billion, a PE ratio of 13.89, a PEG ratio of 2.75 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The business's revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.44 EPS. Research analysts predict 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. Investors of record on Thursday, July 3rd will be given a $1.40 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 1.98%. JPMorgan Chase & Co.'s payout ratio is 27.49%.

Wall Street Analysts Forecast Growth

JPM has been the subject of several recent research reports. Truist Financial boosted their price target on JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a "hold" rating in a research note on Monday, June 2nd. Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. KGI Securities began coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a "hold" rating for the company. Wells Fargo & Company restated an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Monday. Finally, Bank of America boosted their price objective on shares of JPMorgan Chase & Co. from $300.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of "Hold" and an average price target of $276.80.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, CFO Jeremy Barnum sold 40,014 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total value of $10,034,310.78. Following the transaction, the chief financial officer owned 18,017 shares of the company's stock, valued at approximately $4,518,123.09. This trade represents a 68.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the completion of the transaction, the director directly owned 91,539 shares in the company, valued at approximately $22,884,750. The trade was a 9.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,200 shares of company stock worth $18,060,015 in the last quarter. 0.47% of the stock is owned by insiders.

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.