JPMorgan Chase & Co. (NYSE:JPM) is Red Door Wealth Management LLC’s 9th Largest Position

Red Door Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,205 shares of the financial services provider’s stock after purchasing an additional 810 shares during the period. JPMorgan Chase & Co. accounts for about 2.3% of Red Door Wealth Management LLC’s holdings, making the stock its 9th biggest holding. Red Door Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $11,859,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC lifted its holdings in JPMorgan Chase & Co. by 132.8% in the 4th 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 in the last quarter. Richardson Capital Management LLC acquired a new position in JPMorgan Chase & Co. in the 1st quarter worth $34,000. Bare Financial Services Inc acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth $35,000. Partnership Wealth Management LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth $36,000. Finally, Stuart Chaussee & Associates Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $40,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $208.83 on Wednesday. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $208.86. 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 stock has a market cap of $599.69 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 2.72 and a beta of 1.12. The company has a 50-day moving average price of $197.23 and a two-hundred day moving average price of $186.57.

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

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on JPM shares. Jefferies Financial Group upped their target price on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research note on Monday, April 8th. UBS Group upped their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Piper Sandler upped their target price on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, May 21st. Oppenheimer cut their target price on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Finally, Keefe, Bruyette & Woods upped their target price on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a research note on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $194.10.

Insiders Place Their Bets

In other JPMorgan Chase & Co. 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 value of $885,869.75. Following the completion of the transaction, the general counsel now owns 42,124 shares in the company, valued at approximately $8,452,180.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO James Dimon sold 178,222 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the transaction, the general counsel now owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 250,565 shares of company stock worth $46,962,717. Insiders own 0.79% of the company’s stock.

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.