Wilkins Miller Wealth Management LLC Purchases New Stake in JPMorgan Chase & Co. (NYSE:JPM)

Wilkins Miller Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,714 shares of the financial services provider's stock, valued at approximately $1,370,000. JPMorgan Chase & Co. comprises about 1.4% of Wilkins Miller Wealth Management LLC's holdings, making the stock its 18th biggest position.

Several other hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. grew its stake in shares of JPMorgan Chase & Co. by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock valued at $938,491,000 after buying an additional 319,730 shares during the period. Capital & Planning LLC boosted its stake in JPMorgan Chase & Co. by 13.3% in the fourth quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock valued at $565,000 after acquiring an additional 276 shares during the period. Atwood & Palmer Inc. boosted its stake in JPMorgan Chase & Co. by 1.1% in the fourth quarter. Atwood & Palmer Inc. now owns 7,201 shares of the financial services provider's stock valued at $1,726,000 after acquiring an additional 81 shares during the period. Ballentine Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 4.5% during the fourth quarter. Ballentine Partners LLC now owns 90,763 shares of the financial services provider's stock valued at $21,757,000 after purchasing an additional 3,910 shares during the last quarter. Finally, Rezny Wealth Management Inc. increased its position in JPMorgan Chase & Co. by 3.6% in the fourth quarter. Rezny Wealth Management Inc. now owns 8,833 shares of the financial services provider's stock worth $2,117,000 after buying an additional 303 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 25,000 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the completion of the transaction, the chief executive officer now owns 133,381 shares in the company, valued at approximately $32,947,774.62. This represents a 15.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jennifer Piepszak sold 4,272 shares of the stock in a transaction dated Monday, March 24th. The stock was 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 approximately $12,400,164.91. The trade was a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 95,594 shares of company stock worth $23,991,061. Corporate insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Up 0.2%

Shares of JPM traded up $0.46 during trading hours on Thursday, hitting $263.95. 2,464,454 shares of the company were exchanged, compared to its average volume of 9,543,710. The company has a market cap of $733.53 billion, a PE ratio of 13.36, a PEG ratio of 2.83 and a beta of 1.07. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The firm's 50 day moving average is $245.28 and its 200-day moving average is $248.79. JPMorgan Chase & Co. has a 52 week low of $190.88 and a 52 week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.44. The company had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the business posted $4.44 EPS. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.12%. JPMorgan Chase & Co.'s payout ratio is presently 27.49%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on JPM shares. Piper Sandler reaffirmed an "overweight" rating and issued a $295.00 price objective (up previously from $260.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $285.00 price target (up from $255.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Bank of America lowered their price objective on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Finally, UBS Group increased their price target 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. Eleven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and an average target price of $266.65.

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.