Parisi Gray Wealth Management Has $6.98 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Parisi Gray Wealth Management increased its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 9.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,435 shares of the financial services provider's stock after purchasing an additional 2,387 shares during the quarter. JPMorgan Chase & Co. makes up about 2.3% of Parisi Gray Wealth Management's portfolio, making the stock its 13th biggest position. Parisi Gray Wealth Management's holdings in JPMorgan Chase & Co. were worth $6,975,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of JPM. Redwood Park Advisors LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $29,000. Curat Global LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at $33,000. Sellwood Investment Partners LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at 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. Finally, Midwest Capital Advisors LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $43,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction dated 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 sale, the insider now owns 49,127 shares in the company, valued at approximately $12,130,438.84. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Jennifer Piepszak sold 4,272 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $247.03, for a total value of $1,055,312.16. Following the transaction, the chief operating officer now directly owns 50,197 shares in the company, valued at $12,400,164.91. This trade represents a 7.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,722 shares of company stock valued at $25,599,477 in the last ninety days. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM traded down $3.52 during trading hours on Friday, hitting $264.72. 7,095,259 shares of the company were exchanged, compared to its average volume of 9,533,023. The firm has a fifty 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 PEG ratio of 2.83 and a beta of 1.08. 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. has a one year low of $190.90 and a one year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts' consensus estimates 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%. JPMorgan Chase & Co.'s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $4.44 earnings per share. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be paid a $1.40 dividend. The ex-dividend date of this dividend 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 payout ratio is presently 27.49%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on JPM. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an "overweight" rating in a research note on Tuesday. Morgan Stanley reiterated an "equal weight" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Finally, Truist Financial increased their price target on JPMorgan Chase & Co. from $270.00 to $280.00 and gave the stock a "hold" rating in a research report on Monday, June 2nd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and a consensus target price of $269.65.

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.