Viewpoint Capital Management LLC Has $1.36 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Viewpoint Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,804 shares of the financial services provider’s stock after acquiring an additional 312 shares during the quarter. Viewpoint Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,363,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in JPM. Trust Co of the South boosted its holdings in shares of JPMorgan Chase & Co. by 1.1% during the 1st quarter. Trust Co of the South now owns 4,946 shares of the financial services provider’s stock worth $991,000 after buying an additional 53 shares during the period. PFW Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 1.1% during the first quarter. PFW Advisors LLC now owns 5,232 shares of the financial services provider’s stock worth $1,048,000 after purchasing an additional 55 shares during the period. Murphy Middleton Hinkle & Parker Inc. lifted its holdings in JPMorgan Chase & Co. by 2.0% during the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,837 shares of the financial services provider’s stock worth $568,000 after purchasing an additional 55 shares during the last quarter. Oarsman Capital Inc. boosted its stake in JPMorgan Chase & Co. by 0.5% in the 4th quarter. Oarsman Capital Inc. now owns 11,008 shares of the financial services provider’s stock valued at $1,872,000 after purchasing an additional 59 shares during the period. Finally, Curbstone Financial Management Corp grew its holdings in JPMorgan Chase & Co. by 0.3% in the 4th quarter. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider’s stock valued at $4,070,000 after buying an additional 60 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In other news, CEO James Dimon sold 178,222 shares of the stock in a transaction dated 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 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 SEC, which is available at this link. In other news, insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $190.91, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. 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 transaction, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. Insiders sold a total of 250,565 shares of company stock valued at $46,962,717 in the last three months. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $205.45 on Tuesday. The firm has a market capitalization of $589.98 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 2.72 and a beta of 1.12. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The business’s 50-day moving average price is $196.91 and its 200-day moving average price is $186.28. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $207.09.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 12th. The financial services provider reported $4.63 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 business had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. Equities research analysts forecast that JPMorgan Chase & Co. will post 16.44 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued 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 2.24%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of recent research reports. Piper Sandler boosted their target price on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, May 21st. Morgan Stanley decreased their target price on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 21st. Robert W. Baird boosted their price target on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Royal Bank of Canada reissued an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Finally, BMO Capital Markets cut their target price on 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. According to data from 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.