Moss Adams Wealth Advisors LLC Raises Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Moss Adams Wealth Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 19.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,038 shares of the financial services provider's stock after buying an additional 1,630 shares during the quarter. Moss Adams Wealth Advisors LLC's holdings in JPMorgan Chase & Co. were worth $2,462,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Capital & Planning LLC boosted its position in JPMorgan Chase & Co. by 13.3% during the 4th quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock worth $565,000 after buying an additional 276 shares during the period. Financial Partners Group Inc lifted its position in shares of JPMorgan Chase & Co. by 4.8% in the 4th quarter. Financial Partners Group Inc now owns 5,235 shares of the financial services provider's stock worth $1,255,000 after purchasing an additional 239 shares during the period. Brighton Jones LLC lifted its position in shares of JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after purchasing an additional 4,841 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $66,088,000. Finally, Round Rock Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 35.5% during the 4th quarter. Round Rock Advisors LLC now owns 4,418 shares of the financial services provider's stock valued at $1,059,000 after acquiring an additional 1,158 shares during the period. 71.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on JPM shares. Morgan Stanley reiterated an "equal weight" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Evercore ISI reduced 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. Piper Sandler reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. KGI Securities assumed coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating for the company. Finally, Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $269.65.

Insider Activity

In related news, COO Jennifer Piepszak sold 6,128 shares of the company's stock in a transaction dated 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 transaction, the chief operating officer now owns 62,455 shares in the company, valued at $16,392,563.85. The trade was a 8.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $32,947,774.62. The trade was a 15.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,722 shares of company stock worth $25,599,477. Corporate insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Down 1.3%

NYSE:JPM traded down $3.52 during trading hours on Friday, hitting $264.72. The company had a trading volume of 7,095,259 shares, compared to its average volume of 9,522,372. The company has a market capitalization of $735.69 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08. The stock has a 50-day moving average price of $251.13 and a 200 day moving average price of $250.46. JPMorgan Chase & Co. has a 52 week low of $190.90 and a 52 week high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share 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 analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.44 earnings per share. On average, equities research 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 announced 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 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

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.