Revisor Wealth Management LLC Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

Revisor Wealth Management LLC bought a new position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,467 shares of the financial services provider's stock, valued at approximately $605,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Strategic Financial Concepts LLC boosted its stake in shares of JPMorgan Chase & Co. by 2.8% during the first quarter. Strategic Financial Concepts LLC now owns 2,350 shares of the financial services provider's stock valued at $554,000 after purchasing an additional 64 shares during the period. Cannon Advisors Inc. boosted its stake in shares of JPMorgan Chase & Co. by 36.1% during the first quarter. Cannon Advisors Inc. now owns 12,864 shares of the financial services provider's stock valued at $3,156,000 after purchasing an additional 3,412 shares during the period. Novem Group boosted its stake in shares of JPMorgan Chase & Co. by 5.5% during the first quarter. Novem Group now owns 23,596 shares of the financial services provider's stock valued at $5,788,000 after purchasing an additional 1,228 shares during the period. Private Trust Co. NA boosted its stake in shares of JPMorgan Chase & Co. by 3.8% during the first quarter. Private Trust Co. NA now owns 40,916 shares of the financial services provider's stock valued at $10,037,000 after purchasing an additional 1,501 shares during the period. Finally, O Brien Wealth Partners LLC boosted its stake in shares of JPMorgan Chase & Co. by 31.1% during the first quarter. O Brien Wealth Partners LLC now owns 1,181 shares of the financial services provider's stock valued at $290,000 after purchasing an additional 280 shares during the period. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insider Buying and Selling

In related news, CFO Jeremy Barnum sold 40,014 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total value of $10,034,310.78. Following the completion of the sale, the chief financial officer directly owned 18,017 shares in the company, valued at approximately $4,518,123.09. This trade represents a 68.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jennifer Piepszak sold 6,129 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.76, for a total value of $1,536,908.04. Following the completion of the sale, the chief operating officer owned 68,583 shares of the company's stock, valued at $17,197,873.08. The trade was a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,200 shares of company stock valued at $18,060,015 over the last ninety days. Insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JPM. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Keefe, Bruyette & Woods raised JPMorgan Chase & Co. from a "market perform" rating to an "outperform" rating and set a $327.00 price objective for the company in a research note on Wednesday. HSBC reaffirmed a "reduce" rating and issued a $259.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday. Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target for the company. in a research note on Friday, June 27th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Monday. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $284.42.

JPMorgan Chase & Co. Stock Down 0.5%

Shares of NYSE:JPM traded down $1.41 on Friday, hitting $286.78. 7,378,197 shares of the company traded hands, compared to its average volume of 9,554,021. JPMorgan Chase & Co. has a 52 week low of $190.90 and a 52 week high of $296.40. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. The stock has a 50 day simple moving average of $270.98 and a 200-day simple moving average of $256.29. The company has a market cap of $796.99 billion, a PE ratio of 14.08, a PEG ratio of 2.64 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued 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. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The firm had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same period last year, the company earned $4.44 earnings per share. The company's revenue was up 8.0% on a year-over-year basis. As a group, research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 1.95%. JPMorgan Chase & Co.'s payout ratio 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.