Western Wealth Management LLC Buys 1,095 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Western Wealth Management LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,278 shares of the financial services provider's stock after buying an additional 1,095 shares during the period. Western Wealth Management LLC's holdings in JPMorgan Chase & Co. were worth $8,899,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Nova R Wealth Inc. grew its stake in JPMorgan Chase & Co. by 17.1% in the 1st quarter. Nova R Wealth Inc. now owns 1,705 shares of the financial services provider's stock valued at $418,000 after buying an additional 249 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in JPMorgan Chase & Co. by 19.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 348,688 shares of the financial services provider's stock worth $85,533,000 after acquiring an additional 56,110 shares during the last quarter. Kavar Capital Partners Group LLC boosted its holdings in JPMorgan Chase & Co. by 2.2% during the first quarter. Kavar Capital Partners Group LLC now owns 43,132 shares of the financial services provider's stock valued at $10,580,000 after acquiring an additional 915 shares during the period. Terra Nova Asset Management LLC bought a new stake in JPMorgan Chase & Co. during the first quarter valued at about $2,018,000. Finally, Aspetuck Financial Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $2,750,000. Institutional investors own 71.55% of the company's stock.

Insider Activity

In other news, General Counsel Stacey Friedman sold 2,821 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $749,567.91. Following the completion of the transaction, the general counsel owned 68,757 shares in the company, valued at approximately $18,269,422.47. The trade was a 3.94% 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, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total value of $2,375,000.00. Following the completion of the transaction, the director directly owned 91,539 shares in the company, valued at $22,884,750. The trade was a 9.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,200 shares of company stock valued at $18,060,015 over the last three months. 0.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JPM. UBS Group increased their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Royal Bank Of Canada set a $305.00 target price on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a research note on Monday. Finally, Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $277.74.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock traded up $4.13 during midday trading on Friday, hitting $296.13. 6,541,646 shares of the company were exchanged, compared to its average volume of 9,527,821. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $822.96 billion, a P/E ratio of 14.54, a PEG ratio of 2.75 and a beta of 1.10. JPMorgan Chase & Co. has a 52 week low of $190.90 and a 52 week high of $296.40. The firm has a 50 day simple moving average of $265.91 and a 200-day simple moving average of $254.16.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 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 company had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the previous year, the company earned $4.44 EPS. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. Research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 1.89%. JPMorgan Chase & Co.'s dividend payout ratio is 27.49%.

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.