1,133 Shares in JPMorgan Chase & Co. (NYSE:JPM) Acquired by Caerus Investment Advisors LLC

Caerus Investment Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,133 shares of the financial services provider’s stock, valued at approximately $227,000.

A number of other institutional investors also recently bought and sold shares of JPM. Stone House Investment Management LLC raised its position in shares of JPMorgan Chase & Co. by 132.8% during the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 89 shares during the last quarter. Richardson Capital Management LLC purchased a new position in JPMorgan Chase & Co. during the first quarter worth $34,000. Bare Financial Services Inc acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $35,000. Partnership Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $36,000. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $40,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on JPM. 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 note on Tuesday, May 21st. Jefferies Financial Group boosted their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research report on Wednesday. Robert W. Baird raised their target price on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Oppenheimer lowered their target price on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. Finally, UBS Group increased their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $194.65.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. stock in a transaction dated 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 sale, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 sale, the insider now directly owns 6,484 shares in the company, valued at approximately $1,237,860.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total value of $984,853.04. Following the completion of the transaction, the insider now directly owns 217,351 shares in the company, valued at $42,087,847.64. 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 ninety days. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $208.29 on Thursday. The firm has a market cap of $598.14 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 2.72 and a beta of 1.12. 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 $210.38. The stock has a 50-day simple moving average of $197.57 and a 200-day simple moving average of $186.88.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts predict that JPMorgan Chase & Co. will post 16.45 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 issued a $1.15 dividend. The ex-dividend date is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.21%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

About JPMorgan Chase & Co.

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.