Core Wealth Partners LLC Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Core Wealth Partners LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,627 shares of the financial services provider’s stock after buying an additional 268 shares during the quarter. JPMorgan Chase & Co. comprises about 1.2% of Core Wealth Partners LLC’s investment portfolio, making the stock its 19th biggest position. Core Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $2,116,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Gouws Capital LLC raised its position in shares of JPMorgan Chase & Co. by 128.9% in the 1st quarter. Gouws Capital LLC now owns 3,433 shares of the financial services provider’s stock worth $842,000 after buying an additional 1,933 shares during the period. AIA Group Ltd raised its position in shares of JPMorgan Chase & Co. by 16.2% in the 1st quarter. AIA Group Ltd now owns 106,963 shares of the financial services provider’s stock worth $26,238,000 after buying an additional 14,936 shares during the period. Mainsail Asset Management LLC raised its position in shares of JPMorgan Chase & Co. by 7.5% in the 1st quarter. Mainsail Asset Management LLC now owns 1,498 shares of the financial services provider’s stock worth $367,000 after buying an additional 104 shares during the period. Longfellow Investment Management Co. LLC raised its position in shares of JPMorgan Chase & Co. by 22.1% in the 1st quarter. Longfellow Investment Management Co. LLC now owns 5,876 shares of the financial services provider’s stock worth $1,441,000 after buying an additional 1,063 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in shares of JPMorgan Chase & Co. by 6.7% in the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,876 shares of the financial services provider’s stock worth $1,188,000 after buying an additional 308 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $290.48 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. JPMorgan Chase & Co. has a one year low of $200.61 and a one year high of $301.29. The company’s 50-day simple moving average is $286.42 and its 200-day simple moving average is $263.61. The stock has a market capitalization of $798.75 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 1.95 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping the consensus estimate 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 business had revenue of $44.91 billion for the quarter, compared to analysts’ expectations of $43.76 billion. During the same quarter last year, the company posted $6.12 earnings per share. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. Equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd were given a dividend of $1.40 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 28.73%.

Insider Activity

In other news, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction dated 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 transaction, the general counsel owned 36,520 shares of the company’s stock, valued at approximately $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the transaction, the chief operating officer directly owned 62,455 shares in the company, 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 have sold 15,557 shares of company stock worth $4,113,796 in the last ninety days. Corporate insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on JPM. Cowen reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. HSBC reiterated a “reduce” rating and issued a $259.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, July 16th. Finally, Evercore ISI set a $298.00 price target on JPMorgan Chase & Co. and gave the company an “outperform” rating in a report on Monday, July 7th. Three research 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $288.68.

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.