Archford Capital Strategies LLC Boosts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Archford Capital Strategies LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 35.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,882 shares of the financial services provider's stock after acquiring an additional 6,968 shares during the quarter. JPMorgan Chase & Co. makes up about 1.0% of Archford Capital Strategies LLC's holdings, making the stock its 24th biggest position. Archford Capital Strategies LLC's holdings in JPMorgan Chase & Co. were worth $6,594,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of JPM. Redwood Park Advisors LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at $29,000. Curat Global LLC purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $33,000. Sellwood Investment Partners LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $34,000. Investment Counsel Co. of Nevada acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $37,000. Finally, Midwest Capital Advisors LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

Wall Street Analyst Weigh In

JPM has been the subject of several recent analyst reports. Morgan Stanley raised their price target on JPMorgan Chase & Co. from $236.00 to $240.00 and gave the company an "equal weight" rating in a report on Monday, June 23rd. UBS Group raised their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Robert W. Baird cut shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target on the stock. in a research note on Friday. Piper Sandler reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Finally, Royal Bank Of Canada reissued a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $273.15.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock traded up $2.99 during trading on Monday, hitting $290.10. 12,688,178 shares of the company were exchanged, compared to its average volume of 9,525,757. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. JPMorgan Chase & Co. has a fifty-two week low of $190.90 and a fifty-two week high of $292.35. The stock has a market capitalization of $806.21 billion, a price-to-earnings ratio of 14.24, a P/E/G ratio of 2.67 and a beta of 1.08. The firm has a 50 day moving average price of $261.55 and a 200 day moving average price of $252.90.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter last year, the business posted $4.44 earnings per share. JPMorgan Chase & Co.'s revenue was up 8.0% compared to the same quarter last year. On average, equities analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

Insider Activity

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,608 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 value of $1,755,811.68. Following the transaction, the general counsel directly owned 36,520 shares in the company, valued at approximately $9,703,729.20. This represents a 15.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeremy Barnum sold 40,014 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the sale, the chief financial officer directly owned 18,017 shares in the company, valued at $4,518,123.09. This represents a 68.95% 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 worth $18,060,015. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. 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.