Astoria Portfolio Advisors LLC. Buys 5,705 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Astoria Portfolio Advisors LLC. grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 65.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,477 shares of the financial services provider’s stock after acquiring an additional 5,705 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.0% of Astoria Portfolio Advisors LLC.’s portfolio, making the stock its 19th biggest position. Astoria Portfolio Advisors LLC.’s holdings in JPMorgan Chase & Co. were worth $2,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Harbour Capital Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 0.7% during the first quarter. Harbour Capital Advisors LLC now owns 48,760 shares of the financial services provider’s stock valued at $9,696,000 after acquiring an additional 361 shares in the last quarter. Enzi Wealth purchased a new stake in JPMorgan Chase & Co. during the 1st quarter valued at $216,000. Tevis Investment Management increased its holdings in shares of JPMorgan Chase & Co. by 15.6% in the 1st quarter. Tevis Investment Management now owns 4,380 shares of the financial services provider’s stock worth $877,000 after purchasing an additional 592 shares in the last quarter. Tsfg LLC raised its stake in shares of JPMorgan Chase & Co. by 4.7% in the first quarter. Tsfg LLC now owns 3,824 shares of the financial services provider’s stock worth $766,000 after purchasing an additional 172 shares during the last quarter. Finally, DeDora Capital Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 1.1% during the first quarter. DeDora Capital Inc. now owns 20,744 shares of the financial services provider’s stock valued at $4,155,000 after purchasing an additional 229 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In other news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 in the company, valued at $42,355,358.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the sale, the insider now directly owns 212,265 shares in the company, valued at approximately $42,355,358.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 250,565 shares of company stock valued at $46,962,717. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPM opened at $202.26 on Monday. The company has a 50 day simple moving average of $196.91 and a two-hundred day simple moving average of $186.28. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $580.82 billion, a P/E ratio of 12.21, a PEG ratio of 2.72 and a beta of 1.12. 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 issued its 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. The company had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. Equities analysts forecast that JPMorgan Chase & Co. will post 16.44 earnings per share 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. Investors of record on Friday, July 5th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Wall Street Analyst Weigh In

JPM has been the subject of several research analyst reports. Oppenheimer reduced their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Wells Fargo & Company boosted their price objective 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. Jefferies Financial Group increased their price objective on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research report on Monday, April 8th. BMO Capital Markets cut their target price on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research report on Monday, April 15th. Finally, StockNews.com lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $194.10.

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.