JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Lifted by Private Advisory Group LLC

Key Points

• Private Advisory Group LLC has increased its holdings in JPMorgan Chase & Co. by 20.9%, acquiring an additional 4,367 shares during the first quarter, valuing their total investment at $6,196,000.
• JPMorgan Chase & Co. reported earnings of $4.96 per share for the last quarter, exceeding analysts' estimates by $0.48, although revenue saw a 10.5% decline year-over-year.
• The company announced a dividend of $1.40 per share, which reflects an annualized dividend yield of 1.9% with a payout ratio of 28.73%.

Private Advisory Group LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 20.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,260 shares of the financial services provider's stock after buying an additional 4,367 shares during the quarter. Private Advisory Group LLC's holdings in JPMorgan Chase & Co. were worth $6,196,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of JPM. Roble Belko & Company Inc grew its holdings in JPMorgan Chase & Co. by 2.0% in the first quarter. Roble Belko & Company Inc now owns 2,332 shares of the financial services provider's stock valued at $572,000 after purchasing an additional 46 shares during the last quarter. NorthRock Partners LLC boosted its position in shares of JPMorgan Chase & Co. by 1.1% in the 1st quarter. NorthRock Partners LLC now owns 61,338 shares of the financial services provider's stock worth $15,046,000 after buying an additional 677 shares in the last quarter. North Star Asset Management Inc. grew its stake in JPMorgan Chase & Co. by 0.6% in the 1st quarter. North Star Asset Management Inc. now owns 75,718 shares of the financial services provider's stock valued at $18,574,000 after acquiring an additional 473 shares during the last quarter. FSB Premier Wealth Management Inc. increased its holdings in JPMorgan Chase & Co. by 6.1% during the 1st quarter. FSB Premier Wealth Management Inc. now owns 13,850 shares of the financial services provider's stock valued at $3,397,000 after acquiring an additional 798 shares in the last quarter. Finally, SlateStone Wealth LLC raised its position in JPMorgan Chase & Co. by 2.3% during the first quarter. SlateStone Wealth LLC now owns 74,717 shares of the financial services provider's stock worth $18,328,000 after acquiring an additional 1,685 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Down 1.5%

NYSE JPM traded down $4.32 on Thursday, reaching $287.03. The company had a trading volume of 8,055,914 shares, compared to its average volume of 8,559,338. The firm has a market capitalization of $797.67 billion, a PE ratio of 15.17, a P/E/G ratio of 1.94 and a beta of 1.11. The firm has a 50-day moving average of $282.79 and a 200-day moving average of $262.34. JPMorgan Chase & Co. has a 1 year low of $200.61 and a 1 year high of $301.29. The company has a debt-to-equity ratio of 1.25, 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 Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.48 by $0.48. The firm had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The firm's quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.12 EPS. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd were given a dividend of $1.40 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.0%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 28.73%.

Insider Buying and Selling

In related news, COO Jennifer Piepszak sold 6,128 shares of the company's stock in a transaction on 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 sale, the chief operating officer directly owned 62,455 shares of the company's stock, valued at $16,392,563.85. This represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Stacey Friedman sold 2,821 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $749,567.91. Following the transaction, the general counsel directly owned 68,757 shares of the company's stock, valued at approximately $18,269,422.47. This represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,557 shares of company stock valued at $4,113,796 in the last three months. Corporate insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Truist Financial lifted their price objective on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. UBS Group lifted their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They issued a "buy" rating and a $305.00 target price on the stock. Finally, Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $288.68.

JPMorgan Chase & Co. 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.