Wealthcare Advisory Partners LLC Sells 115 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Wealthcare Advisory Partners LLC trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,405 shares of the financial services provider’s stock after selling 115 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in JPMorgan Chase & Co. were worth $12,855,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 59,220,603 shares of the financial services provider’s stock worth $14,161,171,000 after purchasing an additional 876,417 shares during the period. Norges Bank bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $8,310,884,000. Northern Trust Corp lifted its holdings in shares of JPMorgan Chase & Co. by 15.4% in the fourth quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider’s stock worth $8,113,147,000 after buying an additional 4,515,147 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of JPMorgan Chase & Co. by 25,861.9% in the first quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider’s stock worth $5,778,289,000 after buying an additional 23,465,278 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of JPMorgan Chase & Co. by 9.1% in the fourth quarter. Capital Research Global Investors now owns 22,841,033 shares of the financial services provider’s stock worth $5,475,223,000 after buying an additional 1,914,049 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Tuesday. Piper Sandler reissued a “hold” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. TD Securities reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Morgan Stanley reissued an “equal weight” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Finally, Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average price target of $269.65.

JPMorgan Chase & Co. Stock Up 0.7%

JPM stock opened at $268.63 on Wednesday. The firm has a 50 day moving average of $248.89 and a 200 day moving average of $250.21. The stock has a market capitalization of $746.54 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 52 week low of $190.88 and a 52 week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.63 by $0.44. The company had revenue of $45.30 billion during the quarter, compared to analysts’ expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the business earned $4.44 EPS. Sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm 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. This represents a $5.60 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.’s payout ratio is 27.49%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, CEO Troy L. Rohrbaugh sold 25,000 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $247.02, for a total value of $6,175,500.00. Following the completion of the transaction, the chief executive officer now directly owns 133,381 shares in the company, valued at $32,947,774.62. The trade was a 15.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction on Monday, March 24th. The shares were 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 approximately $12,130,438.84. This represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,722 shares of company stock worth $25,599,477. Company 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.