Moller Wealth Partners Grows Stake in JPMorgan Chase & Co. (NYSE:JPM)

Moller Wealth Partners raised its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 73.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 5,976 shares of the financial services provider's stock after acquiring an additional 2,539 shares during the period. JPMorgan Chase & Co. makes up about 0.4% of Moller Wealth Partners' holdings, making the stock its 29th largest position. Moller Wealth Partners' holdings in JPMorgan Chase & Co. were worth $1,466,000 at the end of the most recent reporting period.

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

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock traded up $1.67 on Tuesday, hitting $266.33. 6,996,844 shares of the stock were exchanged, compared to its average volume of 9,540,369. The firm's 50 day moving average is $246.13 and its two-hundred day moving average is $249.37. JPMorgan Chase & Co. has a one year low of $190.88 and a one year high of $280.25. The firm has a market capitalization of $740.16 billion, a PE ratio of 13.49, a P/E/G ratio of 2.83 and a beta of 1.07. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company's revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.44 earnings per share. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm 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 dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is currently 27.49%.

Analysts Set New Price Targets

A number of research firms have issued reports on JPM. Morgan Stanley reiterated an "equal weight" rating on shares of JPMorgan Chase & Co. in a research note on Monday. Robert W. Baird raised their price objective on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a "neutral" rating in a research note on Tuesday, May 20th. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Royal Bank of Canada reissued a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday. Finally, TD Securities boosted their target price on JPMorgan Chase & Co. from $305.00 to $315.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Hold" and a consensus target price of $267.15.

Insider Buying and Selling

In other news, CEO Troy L. Rohrbaugh sold 25,000 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.02, for a total value of $6,175,500.00. Following the completion of the transaction, the chief executive officer now directly owns 133,381 shares in the company, valued at approximately $32,947,774.62. The trade was a 15.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the sale, the insider now owns 49,127 shares in the company, valued at approximately $12,130,438.84. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,594 shares of company stock valued at $23,991,061. Company insiders own 0.47% of the company's stock.

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.