Secured Retirement Advisors LLC Has $1.92 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Secured Retirement Advisors LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 19.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 7,809 shares of the financial services provider's stock after selling 1,858 shares during the quarter. JPMorgan Chase & Co. accounts for 1.2% of Secured Retirement Advisors LLC's holdings, making the stock its 17th biggest holding. Secured Retirement Advisors LLC's holdings in JPMorgan Chase & Co. were worth $1,915,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of JPM. Redwood Park Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $29,000. Curat Global LLC acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth about $33,000. Sellwood Investment Partners LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $34,000. Investment Counsel Co. of Nevada acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $37,000. Finally, Prudent Man Investment Management Inc. acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $43,000. Institutional investors own 71.55% of the company's stock.

Insider Buying and Selling

In other news, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $1,755,811.68. Following the completion of the sale, the general counsel owned 36,520 shares in the company, valued at $9,703,729.20. This represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jennifer Piepszak sold 6,129 shares of the firm's stock in a transaction dated 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 sale, the chief operating officer owned 68,583 shares of the company's stock, valued at $17,197,873.08. The trade was a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, 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. Stock Performance

JPMorgan Chase & Co. stock traded up $1.32 during midday trading on Friday, reaching $291.22. 12,206,726 shares of the stock traded hands, compared to its average volume of 9,522,248. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a fifty-two week low of $190.90 and a fifty-two week high of $296.40. The firm has a fifty day moving average price of $274.67 and a two-hundred day moving average price of $258.05. The firm has a market cap of $809.33 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 2.54 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. The firm had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. The firm's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.12 earnings per share. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current 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 paid a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 1.92%. JPMorgan Chase & Co.'s dividend payout ratio is currently 28.73%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Bank of America raised their price objective on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday. KGI Securities began coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating for the company. Evercore ISI set a $298.00 price target on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a research report on Monday, July 7th. Finally, Piper Sandler restated an "overweight" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 15th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $288.68.

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.