Signal Advisors Wealth LLC Boosts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Signal Advisors Wealth LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 333.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,214 shares of the financial services provider’s stock after acquiring an additional 7,090 shares during the period. Signal Advisors Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $1,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in JPM. V Square Quantitative Management LLC acquired a new position in JPMorgan Chase & Co. during the third quarter worth $208,000. Federated Hermes Inc. boosted its stake in JPMorgan Chase & Co. by 0.7% during the third quarter. Federated Hermes Inc. now owns 599,062 shares of the financial services provider’s stock worth $86,876,000 after buying an additional 3,889 shares during the last quarter. AlphaCore Capital LLC boosted its stake in JPMorgan Chase & Co. by 1.4% during the third quarter. AlphaCore Capital LLC now owns 49,551 shares of the financial services provider’s stock worth $7,186,000 after buying an additional 704 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in JPMorgan Chase & Co. by 52.3% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 102,909 shares of the financial services provider’s stock worth $14,924,000 after buying an additional 35,318 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its stake in JPMorgan Chase & Co. by 5.0% during the third quarter. Personal CFO Solutions LLC now owns 11,481 shares of the financial services provider’s stock worth $1,665,000 after buying an additional 551 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JPM. Keefe, Bruyette & Woods boosted 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. BMO Capital Markets decreased their price target on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research note on Monday, April 15th. Jefferies Financial Group upped their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $211.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Finally, Evercore ISI upped their price target 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. 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $194.10.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $198.71 on Friday. The business’s fifty day moving average price is $194.93 and its 200 day moving average price is $184.22. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $205.88. The company has a market capitalization of $570.63 billion, a PE ratio of 12.00, a P/E/G ratio of 2.65 and a beta of 1.12.

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 for the quarter, topping the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The company had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 16.41 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be given a dividend of $1.15 per share. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a dividend yield of 2.31%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the transaction, the insider now directly owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the transaction, the insider now directly owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total value of $984,853.04. Following the completion of the sale, the insider now directly owns 217,351 shares of the company’s stock, valued at $42,087,847.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 254,485 shares of company stock valued at $47,728,528. 0.79% of the stock is currently owned by corporate insiders.

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.