JPMorgan Chase & Co. (NYSE:JPM) is Stillwater Wealth Management Group's 7th Largest Position

Stillwater Wealth Management Group grew its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,942 shares of the financial services provider's stock after purchasing an additional 870 shares during the period. JPMorgan Chase & Co. comprises approximately 3.0% of Stillwater Wealth Management Group's investment portfolio, making the stock its 7th biggest holding. Stillwater Wealth Management Group's holdings in JPMorgan Chase & Co. were worth $3,420,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of JPM. Rational Advisors Inc. lifted its stake in shares of JPMorgan Chase & Co. by 41.9% in the first quarter. Rational Advisors Inc. now owns 2,775 shares of the financial services provider's stock worth $681,000 after acquiring an additional 820 shares during the period. Riversedge Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 12.6% during the first quarter. Riversedge Advisors LLC now owns 2,911 shares of the financial services provider's stock valued at $714,000 after purchasing an additional 326 shares in the last quarter. IFC Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 0.4% during the first quarter. IFC Advisors LLC now owns 34,856 shares of the financial services provider's stock valued at $8,550,000 after acquiring an additional 153 shares during the last quarter. Austin Wealth Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 17.4% in the 1st quarter. Austin Wealth Management LLC now owns 1,276 shares of the financial services provider's stock worth $312,000 after purchasing an additional 189 shares during the period. Finally, Gateway Wealth Partners LLC lifted its stake in shares of JPMorgan Chase & Co. by 6.6% during the 1st quarter. Gateway Wealth Partners LLC now owns 5,333 shares of the financial services provider's stock valued at $1,308,000 after buying an additional 330 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock traded up $1.32 during mid-day trading on Friday, hitting $291.22. 12,206,726 shares of the stock traded hands, compared to its average volume of 9,522,248. The company's 50-day simple moving average is $274.67 and its 200-day simple moving average is $257.92. The firm has a market cap of $809.33 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 2.54 and a beta of 1.10. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a twelve month low of $190.90 and a twelve month high of $296.40.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The firm had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same period in the prior year, the firm earned $6.12 EPS. The business's revenue was down 10.5% on a year-over-year basis. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is currently 28.73%.

Analyst Upgrades and Downgrades

JPM has been the topic of several analyst reports. Royal Bank Of Canada set a $305.00 price objective on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, June 30th. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Truist Financial boosted their price target on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. Piper Sandler reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday. Finally, HSBC reiterated a "reduce" rating and set a $259.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $288.68.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,608 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the sale, the general counsel directly owned 36,520 shares of the company's stock, valued at approximately $9,703,729.20. This represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Jennifer Piepszak sold 6,129 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $250.76, for a total transaction of $1,536,908.04. Following the completion of the sale, the chief operating officer directly owned 68,583 shares of the company's stock, valued at $17,197,873.08. This represents a 8.20% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,200 shares of company stock valued at $18,060,015. 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.