Sendero Wealth Management LLC Increases Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Sendero Wealth Management LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 7.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,268 shares of the financial services provider’s stock after buying an additional 457 shares during the period. Sendero Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,255,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of JPM. Stone House Investment Management LLC lifted its holdings in JPMorgan Chase & Co. by 132.8% during 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 in the last quarter. Bare Financial Services Inc purchased a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $35,000. Partnership Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $36,000. Stuart Chaussee & Associates Inc. acquired a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $40,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $202.26 on Monday. The company’s 50 day simple moving average is $196.91 and its 200-day simple moving average is $186.28. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $205.88. The company has a market capitalization of $580.82 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 2.72 and a beta of 1.12.

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. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 16.44 earnings per share for the current 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 dividend of $1.15 per share. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a dividend yield of 2.27%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

Insider Activity

In related news, insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the sale, the insider now directly owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the transaction, the insider now directly owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Dimon sold 178,222 shares of the stock in a transaction dated 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 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 250,565 shares of company stock valued at $46,962,717. 0.79% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on JPM shares. Robert W. Baird raised their target price on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Piper Sandler raised their price objective on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, May 21st. Morgan Stanley dropped 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 report on Tuesday, May 21st. UBS Group raised their price target 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. Finally, Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a research 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, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average price target 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.