JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 17.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 34,526 shares of the financial services provider’s stock after selling 7,291 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.8% of Kingswood Wealth Advisors LLC’s portfolio, making the stock its 18th biggest holding. Kingswood Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $6,916,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. Teza Capital Management LLC lifted its position in JPMorgan Chase & Co. by 40.8% during the third quarter. Teza Capital Management LLC now owns 12,044 shares of the financial services provider’s stock worth $1,747,000 after buying an additional 3,487 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth $244,000. Ancora Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 3rd quarter. Ancora Advisors LLC now owns 300,146 shares of the financial services provider’s stock worth $43,527,000 after acquiring an additional 1,130 shares during the period. Ironwood Investment Counsel LLC boosted its position in shares of JPMorgan Chase & Co. by 15.8% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 27,961 shares of the financial services provider’s stock valued at $4,055,000 after acquiring an additional 3,817 shares during the last quarter. Finally, Karani Asset Management LLC purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $580,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Buying and Selling

In other news, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the transaction, the insider now directly owns 212,265 shares in the company, valued at $42,355,358.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the sale, the chief executive officer now owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. Insiders sold 250,565 shares of company stock worth $46,962,717 over the last 90 days. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Down 0.3 %

JPMorgan Chase & Co. stock opened at $197.41 on Thursday. The firm has a market capitalization of $566.90 billion, a P/E ratio of 11.92, a P/E/G ratio of 2.66 and a beta of 1.12. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $205.88. The stock’s fifty day simple moving average is $195.87 and its 200-day simple moving average is $185.44.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.45. The company had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. As a group, equities analysts expect that JPMorgan Chase & Co. will post 16.44 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a $1.15 dividend. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.33%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

Wall Street Analyst Weigh In

Several research firms have weighed in on JPM. Robert W. Baird boosted their target price on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. BMO Capital Markets lowered their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research report on Monday, April 15th. Royal Bank of Canada restated an “outperform” rating and issued a $211.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Piper Sandler increased their price target on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, May 21st. Finally, Oppenheimer cut their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $194.10.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.