Lake Street Private Wealth LLC Increases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Lake Street Private Wealth LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,694 shares of the financial services provider's stock after purchasing an additional 982 shares during the period. JPMorgan Chase & Co. comprises 1.3% of Lake Street Private Wealth LLC's investment portfolio, making the stock its 15th biggest position. Lake Street Private Wealth LLC's holdings in JPMorgan Chase & Co. were worth $8,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Redwood Park Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $29,000. Sellwood Investment Partners LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $34,000. Investment Counsel Co. of Nevada purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $37,000. Midwest Capital Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $43,000. Finally, Prudent Man Investment Management Inc. purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on JPM shares. UBS Group raised their price target on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. TD Cowen started coverage on JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a "buy" rating and a $305.00 price target on the stock. Morgan Stanley restated an "equal weight" rating on shares of JPMorgan Chase & Co. in a research note on Monday. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Royal Bank of Canada restated a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $267.15.

JPMorgan Chase & Co. Price Performance

Shares of JPM traded down $2.44 during mid-day trading on Thursday, hitting $261.78. The company's stock had a trading volume of 8,165,672 shares, compared to its average volume of 9,548,370. 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 firm has a 50-day simple moving average of $246.91 and a 200 day simple moving average of $249.59. The firm has a market capitalization of $727.52 billion, a P/E ratio of 13.26, a P/E/G ratio of 2.83 and a beta of 1.08. JPMorgan Chase & Co. has a 1-year low of $190.88 and a 1-year high of $280.25.

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

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a $1.40 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 2.14%. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Insider Activity

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 25,000 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the completion of the transaction, the chief executive officer now owns 133,381 shares of the company's stock, valued at approximately $32,947,774.62. This trade represents a 15.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Jennifer Piepszak sold 4,272 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.03, for a total value of $1,055,312.16. Following the transaction, the chief operating officer now directly owns 50,197 shares of the company's stock, valued at $12,400,164.91. The trade was a 7.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,594 shares of company stock valued at $23,991,061 in the last three months. 0.47% of the stock is currently owned by company insiders.

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.