JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Lifted by Udine Wealth Management Inc.

Udine Wealth Management Inc. increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,794 shares of the financial services provider’s stock after buying an additional 1,771 shares during the quarter. JPMorgan Chase & Co. accounts for about 5.4% of Udine Wealth Management Inc.’s portfolio, making the stock its 8th largest position. Udine Wealth Management Inc.’s holdings in JPMorgan Chase & Co. were worth $8,044,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. Pines Wealth Management LLC grew its stake in JPMorgan Chase & Co. by 0.4% during the 1st quarter. Pines Wealth Management LLC now owns 20,071 shares of the financial services provider’s stock valued at $4,923,000 after purchasing an additional 79 shares during the last quarter. Sovereign Financial Group Inc. grew its stake in JPMorgan Chase & Co. by 6.8% during the 1st quarter. Sovereign Financial Group Inc. now owns 6,679 shares of the financial services provider’s stock valued at $1,638,000 after purchasing an additional 424 shares during the last quarter. SeaCrest Wealth Management LLC grew its stake in JPMorgan Chase & Co. by 5.0% during the 1st quarter. SeaCrest Wealth Management LLC now owns 29,080 shares of the financial services provider’s stock valued at $7,133,000 after purchasing an additional 1,388 shares during the last quarter. McNamara Financial Services Inc. purchased a new stake in JPMorgan Chase & Co. during the 1st quarter valued at about $535,000. Finally, Sandbox Financial Partners LLC grew its stake in JPMorgan Chase & Co. by 4.7% during the 1st quarter. Sandbox Financial Partners LLC now owns 5,946 shares of the financial services provider’s stock valued at $1,459,000 after purchasing an additional 267 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the transaction, the insider now owns 49,127 shares of the company’s stock, valued at $12,130,438.84. This represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the transaction, the chief operating officer now directly owns 62,455 shares of the company’s stock, valued at $16,392,563.85. The trade was a 8.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,722 shares of company stock valued at $25,599,477 over the last quarter. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $265.81 on Friday. The business has a 50 day simple moving average of $247.68 and a two-hundred day simple moving average of $249.86. JPMorgan Chase & Co. has a 12 month low of $190.88 and a 12 month high of $280.25. The stock has a market capitalization of $738.71 billion, a P/E ratio of 13.47, a PEG ratio of 2.83 and a beta of 1.08. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $45.30 billion during the quarter, compared to analysts’ expectations of $43.62 billion. During the same quarter in the prior year, the firm earned $4.44 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. As a group, analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced 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 is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.11%. JPMorgan Chase & Co.’s payout ratio is currently 27.49%.

Analyst Upgrades and Downgrades

JPM has been the topic of several research analyst reports. TD Cowen initiated coverage on JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a “buy” rating and a $305.00 price target on the stock. Bank of America lowered their target price on 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. TD Securities restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday. UBS Group upped their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, April 17th. Finally, Evercore ISI lowered their target price on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $267.15.

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.