Etesian Wealth Advisors Inc. Sells 1,350 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Etesian Wealth Advisors Inc. decreased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 8.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,933 shares of the financial services provider’s stock after selling 1,350 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.6% of Etesian Wealth Advisors Inc.’s holdings, making the stock its 17th largest position. Etesian Wealth Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $2,791,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Teza Capital Management LLC lifted its stake in JPMorgan Chase & Co. by 40.8% in the 3rd quarter. Teza Capital Management LLC now owns 12,044 shares of the financial services provider’s stock valued at $1,747,000 after purchasing an additional 3,487 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $244,000. Ancora Advisors LLC lifted its stake in JPMorgan Chase & Co. by 0.4% in the 3rd quarter. Ancora Advisors LLC now owns 300,146 shares of the financial services provider’s stock valued at $43,527,000 after purchasing an additional 1,130 shares during the last quarter. Ironwood Investment Counsel LLC lifted its stake in JPMorgan Chase & Co. by 15.8% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 27,961 shares of the financial services provider’s stock valued at $4,055,000 after purchasing an additional 3,817 shares during the last quarter. Finally, Karani Asset Management LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $580,000. Institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on JPM shares. Keefe, Bruyette & Woods raised 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. Piper Sandler raised their price objective on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 21st. Robert W. Baird raised their price objective on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Oppenheimer cut their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. Finally, Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $194.10.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. 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 transaction, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the sale, the insider now owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. Insiders have sold 250,565 shares of company stock valued at $46,962,717 over the last three months. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $197.41 on Thursday. The company’s 50 day simple moving average is $195.87 and its 200 day simple moving average is $185.44. The stock has a market capitalization of $566.90 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 2.66 and a beta of 1.12. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $205.88.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The business had revenue of $41.93 billion for 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%. As a group, research analysts predict that JPMorgan Chase & Co. will post 16.44 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be paid a $1.15 dividend. 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 2.33%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

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.