Fortitude Family Office LLC Grows Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Fortitude Family Office LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,881 shares of the financial services provider’s stock after buying an additional 118 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.8% of Fortitude Family Office LLC’s portfolio, making the stock its 23rd largest position. Fortitude Family Office LLC’s holdings in JPMorgan Chase & Co. were worth $1,178,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of brokerages recently commented on JPM. Evercore ISI boosted their target price 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. Piper Sandler boosted their target price on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 21st. UBS Group boosted their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Morgan Stanley lowered their target price on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a research note on Tuesday, May 21st. Finally, StockNews.com downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday. 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 stock. According to MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $194.10.

Insider Activity

In related news, General Counsel Stacey Friedman sold 4,415 shares of the firm’s 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 sale, 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 SEC, which can be accessed through this hyperlink. In related news, insider Lori A. Beer sold 3,920 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the sale, the insider now owns 64,783 shares in the company, valued at $12,656,006.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. 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 approximately $8,452,180.60. The disclosure for this sale can be found here. Insiders have sold 254,485 shares of company stock worth $47,728,528 over the last ninety days. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Trading Down 1.2 %

Shares of JPMorgan Chase & Co. stock opened at $196.30 on Friday. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $205.88. 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 $563.71 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 2.67 and a beta of 1.12. The company has a 50-day moving average of $195.20 and a two-hundred day moving average of $184.67.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating the consensus estimate of $4.18 by $0.45. The business 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%. On average, research analysts anticipate that JPMorgan Chase & Co. will post 16.41 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be given a $1.15 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 annualized dividend and a dividend yield of 2.34%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

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.