OneAscent Wealth Management LLC Sells 124 Shares of JPMorgan Chase & Co. (NYSE:JPM)

OneAscent Wealth Management LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,510 shares of the financial services provider’s stock after selling 124 shares during the period. OneAscent Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of JPM. Stone House Investment Management LLC boosted its position in shares of JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 89 shares during the period. Bare Financial Services Inc bought a new position in JPMorgan Chase & Co. in the 4th quarter worth $35,000. Partnership Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth $36,000. Stuart Chaussee & Associates Inc. bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $40,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $40,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on JPM shares. Evercore ISI lifted their target price on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Piper Sandler upped their target price on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 21st. Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 21st. Robert W. Baird raised their price objective on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Finally, Morgan Stanley reduced their target price on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $194.10.

JPMorgan Chase & Co. Stock Up 1.6 %

Shares of NYSE JPM opened at $202.26 on Monday. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $205.88. The firm has a 50-day simple moving average of $196.91 and a two-hundred day simple moving average of $186.28. The company has a market cap of $580.82 billion, a P/E ratio of 12.21, a PEG ratio of 2.72 and a beta of 1.12. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. The firm had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. Research analysts anticipate that JPMorgan Chase & Co. will post 16.44 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

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.