WD Rutherford LLC Has $4.74 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

WD Rutherford LLC decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,678 shares of the financial services provider’s stock after selling 1,483 shares during the quarter. JPMorgan Chase & Co. comprises about 2.5% of WD Rutherford LLC’s portfolio, making the stock its 9th biggest holding. WD Rutherford LLC’s holdings in JPMorgan Chase & Co. were worth $4,743,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Stone House Investment Management LLC increased its position in JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after buying an additional 89 shares during the last quarter. Bare Financial Services Inc bought a new position in JPMorgan Chase & Co. during the fourth quarter worth $35,000. Partnership Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $36,000. Stuart Chaussee & Associates Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $40,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $40,000. Institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on JPM shares. Keefe, Bruyette & Woods upped their target price on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a research report on Tuesday, May 21st. Robert W. Baird lifted their price objective on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. BMO Capital Markets decreased their target price on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research report on Monday, April 15th. Piper Sandler boosted their price target on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, May 21st. Finally, Evercore ISI increased their price objective on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $194.10.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $205.45 on Tuesday. The firm has a market cap of $589.98 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 2.72 and a beta of 1.12. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $207.09. The firm’s fifty day moving average is $196.91 and its 200-day moving average is $186.28. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The company had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. Sell-side analysts predict that JPMorgan Chase & Co. will post 16.44 earnings per share 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. Shareholders of record on Friday, July 5th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Insider Activity at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.65, for a total transaction of $885,869.75. Following the transaction, the general counsel now owns 42,124 shares in the company, valued at $8,452,180.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Robin Leopold sold 3,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $198.86, for a total value of $596,580.00. Following the completion of the sale, the insider now directly owns 44,113 shares of the company’s stock, valued at $8,772,311.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.65, for a total value of $885,869.75. Following the transaction, the general counsel now directly owns 42,124 shares in the company, valued at approximately $8,452,180.60. The disclosure for this sale can be found here. Insiders have sold 250,565 shares of company stock worth $46,962,717 in the last quarter. Company insiders own 0.79% of the company’s stock.

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.