RMR Wealth Builders Increases Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

RMR Wealth Builders increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,382 shares of the financial services provider’s stock after buying an additional 1,526 shares during the quarter. JPMorgan Chase & Co. comprises about 0.7% of RMR Wealth Builders’ investment portfolio, making the stock its 24th biggest position. RMR Wealth Builders’ holdings in JPMorgan Chase & Co. were worth $6,086,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $6,016,878,000. International Assets Investment Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $1,017,893,000. Wellington Management Group LLP boosted its position in JPMorgan Chase & Co. by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after purchasing an additional 4,603,090 shares during the period. Capital International Investors increased its holdings in JPMorgan Chase & Co. by 5.4% in the 4th quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock valued at $7,062,094,000 after purchasing an additional 2,128,478 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in JPMorgan Chase & Co. by 3,836.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,518,969 shares of the financial services provider’s stock valued at $258,377,000 after purchasing an additional 1,480,379 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $198.86, for a total value of $596,580.00. Following the transaction, the insider now owns 44,113 shares of the company’s stock, valued at $8,772,311.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Robin Leopold sold 3,000 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $198.86, for a total transaction of $596,580.00. Following the completion of the transaction, the insider now directly owns 44,113 shares in the company, valued at approximately $8,772,311.18. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 completion of the sale, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The disclosure for this sale can be found here. Insiders sold a total of 250,565 shares of company stock valued at $46,962,717 in the last quarter. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $199.20 on Friday. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $205.88. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The firm has a market cap of $572.04 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 2.66 and a beta of 1.12. The stock has a 50 day moving average of $196.22 and a 200-day moving average of $185.53.

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

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Analyst Ratings Changes

Several brokerages have recently weighed in on JPM. BMO Capital Markets decreased their target price 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. Oppenheimer decreased their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Evercore ISI lifted their price objective on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Robert W. Baird boosted their target price on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Finally, Morgan Stanley lowered their price target on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $194.10.

JPMorgan Chase & Co. Company 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.