Clarity Wealth Advisors LLC Acquires 342 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Clarity Wealth Advisors LLC raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,090 shares of the financial services provider’s stock after purchasing an additional 342 shares during the quarter. JPMorgan Chase & Co. makes up about 2.2% of Clarity Wealth Advisors LLC’s investment portfolio, making the stock its 13th largest position. Clarity Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $6,628,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of JPM. Chatham Capital Group Inc. lifted its holdings in JPMorgan Chase & Co. by 2.4% during the 1st quarter. Chatham Capital Group Inc. now owns 15,782 shares of the financial services provider’s stock worth $3,161,000 after buying an additional 375 shares in the last quarter. Waterway Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 4.8% during the first quarter. Waterway Wealth Management LLC now owns 3,144 shares of the financial services provider’s stock worth $630,000 after acquiring an additional 144 shares during the last quarter. Sandy Cove Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 20.3% during the first quarter. Sandy Cove Advisors LLC now owns 9,433 shares of the financial services provider’s stock valued at $1,889,000 after acquiring an additional 1,590 shares during the period. D.B. Root & Company LLC boosted its holdings in JPMorgan Chase & Co. by 97.2% in the first quarter. D.B. Root & Company LLC now owns 2,798 shares of the financial services provider’s stock valued at $561,000 after acquiring an additional 1,379 shares during the last quarter. Finally, Red Door Wealth Management LLC increased its position in JPMorgan Chase & Co. by 1.4% in the first quarter. Red Door Wealth Management LLC now owns 59,205 shares of the financial services provider’s stock worth $11,859,000 after purchasing an additional 810 shares during the period. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction dated Monday, May 20th. The stock was 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 directly owns 42,124 shares in the company, valued at $8,452,180.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction 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 in the company, valued at $8,452,180.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total transaction of $984,853.04. Following the completion of the transaction, the insider now directly owns 217,351 shares of the company’s stock, valued at approximately $42,087,847.64. 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. 0.79% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of research reports. Robert W. Baird upped their target price on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Evercore ISI restated an “outperform” rating and issued a $210.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday. UBS Group lifted their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods lifted their price objective on 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. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $194.65.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $208.29 on Thursday. 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. has a 52 week low of $135.19 and a 52 week high of $210.38. The company’s 50 day moving average price is $197.57 and its two-hundred day moving average price is $186.88. The company has a market capitalization of $598.14 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 2.72 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.45. The company had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. On average, analysts expect that JPMorgan Chase & Co. will post 16.45 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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 issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

About JPMorgan Chase & Co.

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.