Octavia Wealth Advisors LLC Has $5.10 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Octavia Wealth Advisors LLC reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 10.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,773 shares of the financial services provider's stock after selling 2,530 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 0.6% of Octavia Wealth Advisors LLC's investment portfolio, making the stock its 29th biggest holding. Octavia Wealth Advisors LLC's holdings in JPMorgan Chase & Co. were worth $5,096,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Capital & Planning LLC boosted its position in shares of 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 valued at $565,000 after acquiring an additional 276 shares during the last quarter. Financial Partners Group Inc increased its stake in JPMorgan Chase & Co. by 4.8% in the fourth quarter. Financial Partners Group Inc now owns 5,235 shares of the financial services provider's stock valued at $1,255,000 after purchasing an additional 239 shares during the last quarter. Brighton Jones LLC increased its position in shares of JPMorgan Chase & Co. by 11.0% during the fourth 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 in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $66,088,000. Finally, Catalina Capital Group LLC lifted its position in JPMorgan Chase & Co. by 4.0% during the 4th quarter. Catalina Capital Group LLC now owns 13,960 shares of the financial services provider's stock worth $3,346,000 after acquiring an additional 537 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on JPM shares. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Bank of America decreased their price target on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an "overweight" rating in a research report on Tuesday. Evercore ISI reduced their price objective 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. Finally, Robert W. Baird boosted their price target on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a "neutral" rating in a report on Tuesday, May 20th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and an average price target of $269.65.

JPMorgan Chase & Co. Trading Down 1.3%

Shares of JPMorgan Chase & Co. stock traded down $3.52 during trading on Friday, hitting $264.72. The stock had a trading volume of 7,095,259 shares, compared to its average volume of 9,533,023. The stock has a 50 day simple moving average of $252.10 and a 200 day simple moving average of $250.56. The company has a market capitalization of $735.69 billion, a PE ratio of 13.41, a P/E/G ratio of 2.83 and a beta of 1.08. JPMorgan Chase & Co. has a 1 year low of $190.90 and a 1 year high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the previous year, the company posted $4.44 earnings per share. The business's quarterly revenue was up 8.0% compared to the same quarter last year. On average, research analysts expect 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. Shareholders of record on Thursday, July 3rd will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.

Insiders Place Their Bets

In related news, insider Robin Leopold sold 1,250 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 49,127 shares in the company, valued at $12,130,438.84. The trade was a 2.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 133,381 shares of the company's stock, valued at $32,947,774.62. This represents a 15.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,722 shares of company stock worth $25,599,477 in the last ninety days. Insiders own 0.47% of the company's stock.

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.