San Luis Wealth Advisors LLC Decreases Position in JPMorgan Chase & Co. (NYSE:JPM)

San Luis Wealth Advisors LLC lessened its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 29.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,417 shares of the financial services provider's stock after selling 6,110 shares during the period. San Luis Wealth Advisors LLC's holdings in JPMorgan Chase & Co. were worth $3,537,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in JPM. Redwood Park Advisors LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at approximately $29,000. Curat Global LLC bought a new position in shares of JPMorgan Chase & Co. during the first quarter valued at $33,000. Sellwood Investment Partners LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $34,000. Investment Counsel Co. of Nevada purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $37,000. Finally, Prudent Man Investment Management Inc. bought a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

Analysts Set New Price Targets

JPM has been the subject of several research reports. Piper Sandler reissued a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Truist Financial lifted their target price on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the stock a "hold" rating in a research report on Monday, June 2nd. Baird R W raised JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Cowen reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Finally, Royal Bank Of Canada reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $271.70.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 6,608 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $1,755,811.68. Following the sale, the general counsel now directly owns 36,520 shares in the company, valued at approximately $9,703,729.20. The trade was a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jennifer Piepszak sold 4,272 shares of the firm's stock in a transaction that occurred 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 owns 50,197 shares of the company's stock, valued at $12,400,164.91. This represents a 7.84% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,722 shares of company stock worth $25,599,477. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Up 1.6%

NYSE JPM opened at $273.83 on Friday. JPMorgan Chase & Co. has a 12 month low of $190.90 and a 12 month high of $280.25. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. The stock has a market cap of $760.98 billion, a PE ratio of 13.44, a P/E/G ratio of 2.76 and a beta of 1.08. The stock's 50 day moving average is $255.59 and its 200 day moving average is $251.19.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The firm had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. During the same quarter last year, the business posted $4.44 earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. Research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 2.05%. JPMorgan Chase & Co.'s payout ratio is 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.

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