West Paces Advisors Inc. Acquires 1,549 Shares of JPMorgan Chase & Co. (NYSE:JPM)

West Paces Advisors Inc. increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 17.7% in the first quarter, HoldingsChannel reports. The firm owned 10,298 shares of the financial services provider’s stock after purchasing an additional 1,549 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.5% of West Paces Advisors Inc.’s portfolio, making the stock its 28th biggest holding. West Paces Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $2,063,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Arkfeld Wealth Strategies L.L.C. boosted its holdings in JPMorgan Chase & Co. by 4.0% in the first quarter. Arkfeld Wealth Strategies L.L.C. now owns 3,652 shares of the financial services provider’s stock worth $714,000 after purchasing an additional 140 shares in the last quarter. First Bancorp Inc ME boosted its holdings in JPMorgan Chase & Co. by 1.4% in the first quarter. First Bancorp Inc ME now owns 5,592 shares of the financial services provider’s stock worth $1,120,000 after purchasing an additional 75 shares in the last quarter. Security National Bank boosted its holdings in JPMorgan Chase & Co. by 0.5% in the first quarter. Security National Bank now owns 36,998 shares of the financial services provider’s stock worth $7,411,000 after purchasing an additional 175 shares in the last quarter. Prentice Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. by 3.7% during the first quarter. Prentice Wealth Management LLC now owns 10,649 shares of the financial services provider’s stock valued at $2,133,000 after acquiring an additional 377 shares during the period. Finally, Sarasin & Partners LLP boosted its holdings in JPMorgan Chase & Co. by 1.7% during the first quarter. Sarasin & Partners LLP now owns 779,034 shares of the financial services provider’s stock valued at $156,041,000 after acquiring an additional 12,895 shares during the period. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $197.41 on Thursday. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $205.88. 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 firm has a market capitalization of $566.90 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 2.66 and a beta of 1.12. The firm has a 50-day moving average price of $195.87 and a 200 day moving average price of $185.44.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. Research analysts anticipate that JPMorgan Chase & Co. will post 16.44 earnings per share 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. 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 annualized dividend and a yield of 2.33%. JPMorgan Chase & Co.’s dividend payout ratio is 27.78%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on JPM shares. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. UBS Group upped their price target on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Royal Bank of Canada restated an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Oppenheimer decreased their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Finally, Morgan Stanley decreased their price target on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.10.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 3,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $198.86, for a total transaction of $596,580.00. Following the sale, the insider now directly owns 44,113 shares of the company’s stock, valued at $8,772,311.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were 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 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 available through this link. Also, insider Robin Leopold sold 3,000 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $198.86, for a total transaction of $596,580.00. Following the sale, the insider now directly owns 44,113 shares in the company, valued at $8,772,311.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 250,565 shares of company stock valued at $46,962,717. 0.79% of the stock is currently owned by insiders.

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.