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

Waterway Wealth Management LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 3,144 shares of the financial services provider’s stock after purchasing an additional 144 shares during the period. JPMorgan Chase & Co. makes up 0.3% of Waterway Wealth Management LLC’s holdings, making the stock its 27th largest holding. Waterway Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $630,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of JPMorgan Chase & Co. by 2.0% in the third quarter. JPMorgan Chase & Co. now owns 4,706,258 shares of the financial services provider’s stock worth $682,502,000 after purchasing an additional 91,416 shares during the period. Sei Investments Co. grew its position in JPMorgan Chase & Co. by 0.3% during the third quarter. Sei Investments Co. now owns 720,226 shares of the financial services provider’s stock worth $104,460,000 after buying an additional 2,338 shares in the last quarter. Rainsberger Wealth Advisors Inc. increased its stake in JPMorgan Chase & Co. by 3.4% in the 3rd quarter. Rainsberger Wealth Advisors Inc. now owns 10,460 shares of the financial services provider’s stock worth $1,517,000 after acquiring an additional 340 shares during the last quarter. Royal London Asset Management Ltd. raised its holdings in shares of JPMorgan Chase & Co. by 6.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 2,168,577 shares of the financial services provider’s stock valued at $314,563,000 after acquiring an additional 127,890 shares in the last quarter. Finally, Cito Capital Group LLC boosted its position in shares of JPMorgan Chase & Co. by 2.7% during the 3rd quarter. Cito Capital Group LLC now owns 19,148 shares of the financial services provider’s stock valued at $2,777,000 after acquiring an additional 507 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.3 %

NYSE:JPM opened at $208.29 on Thursday. The firm has a market capitalization of $598.14 billion, a P/E ratio of 12.58, a P/E/G ratio of 2.72 and a beta of 1.12. 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 company has a fifty day moving average of $197.57 and a 200 day moving average of $186.88. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $210.38.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly 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. The company had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. On average, research analysts predict that JPMorgan Chase & Co. will post 16.45 earnings per share 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. 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 annualized dividend and a yield of 2.21%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Insiders Place Their Bets

In related news, 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 transaction, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. 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 completion of the transaction, the insider now directly owns 6,484 shares in the company, valued at $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, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction on 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 directly owns 264,461 shares in the company, valued at $48,708,426.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 250,565 shares of company stock worth $46,962,717. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday. Oppenheimer cut 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 report on Monday, April 15th. Robert W. Baird raised their price target 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. Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Finally, 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. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $194.65.

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.