Marcum Wealth LLC Has $6.56 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Marcum Wealth LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 23.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,761 shares of the financial services provider's stock after selling 8,424 shares during the quarter. JPMorgan Chase & Co. makes up 0.6% of Marcum Wealth LLC's holdings, making the stock its 25th biggest position. Marcum Wealth LLC's holdings in JPMorgan Chase & Co. were worth $6,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Redwood Park Advisors LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter worth $29,000. Sellwood Investment Partners LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $34,000. Investment Counsel Co. of Nevada acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $37,000. Midwest Capital Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $43,000. Finally, Prudent Man Investment Management Inc. acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $43,000. 71.55% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, General Counsel Stacey Friedman sold 2,821 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $749,567.91. Following the sale, the general counsel now directly owns 68,757 shares in the company, valued at approximately $18,269,422.47. This trade represents a 3.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the sale, the insider now directly owns 49,127 shares in the company, valued at $12,130,438.84. This trade represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,594 shares of company stock worth $23,991,061 in the last ninety days. 0.47% of the stock is owned by insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded down $0.40 during trading hours on Friday, hitting $263.97. 10,976,619 shares of the stock were exchanged, compared to its average volume of 9,584,162. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a market cap of $733.60 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The company's fifty day simple moving average is $245.60 and its two-hundred day simple moving average is $248.96. 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 released its 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. The firm 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% on a year-over-year basis. During the same period in the prior year, the company earned $4.44 earnings per share. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

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 dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.12%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group raised their price objective on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Evercore ISI lowered their target price on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $285.00 price objective (up from $255.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Finally, Truist Financial set a $270.00 price objective on JPMorgan Chase & Co. in a research report on Friday, May 23rd. Eleven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and a consensus price target of $266.65.

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.