Teamwork Financial Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1,983.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,739 shares of the financial services provider’s stock after purchasing an additional 48,304 shares during the period. JPMorgan Chase & Co. makes up 1.6% of Teamwork Financial Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Teamwork Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $10,163,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Willis Johnson & Associates Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 115.6% in the first quarter. Willis Johnson & Associates Inc. now owns 2,939 shares of the financial services provider’s stock worth $589,000 after buying an additional 1,576 shares during the period. Whelan Financial boosted its holdings in shares of JPMorgan Chase & Co. by 15.2% in the first quarter. Whelan Financial now owns 3,102 shares of the financial services provider’s stock worth $621,000 after buying an additional 410 shares during the period. American National Bank & Trust Co. VA acquired a new position in shares of JPMorgan Chase & Co. in the first quarter worth about $9,881,000. Oak Harvest Investment Services boosted its holdings in shares of JPMorgan Chase & Co. by 4.5% in the first quarter. Oak Harvest Investment Services now owns 88,049 shares of the financial services provider’s stock worth $17,636,000 after buying an additional 3,800 shares during the period. Finally, Powers Advisory Group LLC boosted its holdings in shares of JPMorgan Chase & Co. by 3.9% in the first quarter. Powers Advisory Group LLC now owns 6,031 shares of the financial services provider’s stock worth $1,208,000 after buying an additional 226 shares during the period. Institutional investors own 71.55% of the company’s stock.
JPMorgan Chase & Co. Trading Up 0.1 %
NYSE:JPM opened at $205.08 on Tuesday. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $210.38. The firm has a market cap of $588.92 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 2.74 and a beta of 1.12. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The company’s 50 day moving average is $198.64 and its 200-day moving average is $187.99.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings results 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. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The company had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. Equities analysts anticipate that JPMorgan Chase & Co. will post 16.47 EPS for the current year.
JPMorgan Chase & Co. Announces Dividend
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 paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.24%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.
Insiders Place Their Bets
In other news, General Counsel Stacey Friedman sold 4,415 shares of the business’s stock in a transaction 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 sale, the general counsel now owns 42,124 shares in the company, valued at approximately $8,452,180.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $190.91, for a total value of $4,167,374.39. Following the sale, the insider now owns 6,484 shares in the company, valued at approximately $1,237,860.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. 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 directly owns 42,124 shares of the company’s stock, valued at $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 over the last 90 days. Corporate insiders own 0.79% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have commented on JPM shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $211.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. UBS Group raised their price target 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. BMO Capital Markets decreased their price target on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a report on Monday, April 15th. Finally, StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $195.95.
Check Out Our Latest Stock Report on JPM
JPMorgan Chase & Co. Profile
(Free Report)
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.
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