Kingswood Wealth Advisors LLC Has $14.46 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Kingswood Wealth Advisors LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 84.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,147 shares of the financial services provider's stock after acquiring an additional 27,073 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.6% of Kingswood Wealth Advisors LLC's holdings, making the stock its 25th biggest position. Kingswood Wealth Advisors LLC's holdings in JPMorgan Chase & Co. were worth $14,456,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in JPM. Accelerate Investment Advisors LLC raised its holdings in JPMorgan Chase & Co. by 26.2% during the first quarter. Accelerate Investment Advisors LLC now owns 2,567 shares of the financial services provider's stock worth $630,000 after purchasing an additional 533 shares in the last quarter. Essex Savings Bank raised its stake in shares of JPMorgan Chase & Co. by 2.2% in the 1st quarter. Essex Savings Bank now owns 29,217 shares of the financial services provider's stock worth $7,167,000 after buying an additional 641 shares in the last quarter. Roman Butler Fullerton & Co. lifted its holdings in shares of JPMorgan Chase & Co. by 3.3% in the first quarter. Roman Butler Fullerton & Co. now owns 11,614 shares of the financial services provider's stock valued at $2,708,000 after buying an additional 372 shares during the period. Pegasus Asset Management Inc. boosted its stake in JPMorgan Chase & Co. by 0.5% during the first quarter. Pegasus Asset Management Inc. now owns 32,556 shares of the financial services provider's stock valued at $7,986,000 after buying an additional 155 shares in the last quarter. Finally, Hoge Financial Services LLC grew its holdings in JPMorgan Chase & Co. by 5.5% during the first quarter. Hoge Financial Services LLC now owns 991 shares of the financial services provider's stock worth $243,000 after acquiring an additional 52 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. KGI Securities assumed coverage on shares of JPMorgan Chase & Co. in a report on Sunday, April 13th. They issued a "hold" rating for the company. Evercore ISI cut their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Baird R W raised JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $271.90.

JPMorgan Chase & Co. Stock Up 1.0%

JPMorgan Chase & Co. stock traded up $2.91 during mid-day trading on Tuesday, hitting $281.18. The company's stock had a trading volume of 9,263,249 shares, compared to its average volume of 9,493,195. JPMorgan Chase & Co. has a 52-week low of $190.90 and a 52-week high of $282.70. The company has a market cap of $781.42 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 2.57 and a beta of 1.08. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.89. The firm's 50 day moving average is $257.24 and its 200 day moving average is $251.71.

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 for the quarter, beating 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 company had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the prior year, the company earned $4.44 EPS. The firm's quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business 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 dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Insider Activity

In other news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the completion of the sale, the director now directly owns 91,539 shares in the company, valued at $22,884,750. The trade was a 9.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jennifer Piepszak sold 6,128 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the sale, the chief operating officer now directly owns 62,455 shares of the company's stock, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,200 shares of company stock worth $18,060,015 in the last ninety days. Corporate 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.