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

Inspirion Wealth Advisors LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.3% in the first quarter, HoldingsChannel reports. The firm owned 3,089 shares of the financial services provider’s stock after buying an additional 100 shares during the quarter. Inspirion Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $619,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Wealth Strategies LLC. purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $1,145,000. Etfidea LLC grew its holdings in JPMorgan Chase & Co. by 5.4% in the 4th quarter. Etfidea LLC now owns 1,937 shares of the financial services provider’s stock valued at $329,000 after buying an additional 100 shares during the period. Cooper Financial Group grew its holdings in JPMorgan Chase & Co. by 12.8% in the 1st quarter. Cooper Financial Group now owns 8,693 shares of the financial services provider’s stock valued at $1,741,000 after buying an additional 984 shares during the period. Sutton Place Investors LLC grew its holdings in JPMorgan Chase & Co. by 179.5% in the 4th quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock valued at $2,228,000 after buying an additional 8,412 shares during the period. Finally, Spartan Planning & Wealth Management grew its holdings in JPMorgan Chase & Co. by 257.3% in the 4th quarter. Spartan Planning & Wealth Management now owns 3,780 shares of the financial services provider’s stock valued at $643,000 after buying an additional 2,722 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was 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 approximately $48,708,426.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Stacey Friedman sold 4,415 shares of the business’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 value of $885,869.75. Following the completion of the sale, the general counsel now 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 a total of 250,565 shares of company stock valued at $46,962,717 in the last three months. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $197.41 on Thursday. The business’s 50 day moving average is $195.87 and its two-hundred day moving average is $185.44. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $205.88. The firm has a market cap of $566.90 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 2.66 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.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results 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. 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 analyst estimates of $40.90 billion. Analysts forecast that JPMorgan Chase & Co. will post 16.44 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Wall Street Analyst Weigh In

Several analysts have commented on JPM shares. Jefferies Financial Group lifted their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8th. Evercore ISI boosted their target price on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. StockNews.com cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Finally, Piper Sandler boosted their target price on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, May 21st. 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $194.10.

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.