Evexia Wealth LLC Trims Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Evexia Wealth LLC trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 36,494 shares of the financial services provider’s stock after selling 543 shares during the period. JPMorgan Chase & Co. comprises 3.1% of Evexia Wealth LLC’s investment portfolio, making the stock its 16th biggest holding. Evexia Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $8,552,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Udine Wealth Management Inc. boosted its stake in JPMorgan Chase & Co. by 5.7% during the 1st quarter. Udine Wealth Management Inc. now owns 32,794 shares of the financial services provider’s stock worth $8,044,000 after purchasing an additional 1,771 shares during the period. Pines Wealth Management LLC raised its position in JPMorgan Chase & Co. by 0.4% during the 1st quarter. Pines Wealth Management LLC now owns 20,071 shares of the financial services provider’s stock worth $4,923,000 after buying an additional 79 shares during the last quarter. Sovereign Financial Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 6.8% in the 1st quarter. Sovereign Financial Group Inc. now owns 6,679 shares of the financial services provider’s stock valued at $1,638,000 after purchasing an additional 424 shares in the last quarter. SeaCrest Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 5.0% in the 1st quarter. SeaCrest Wealth Management LLC now owns 29,080 shares of the financial services provider’s stock valued at $7,133,000 after purchasing an additional 1,388 shares in the last quarter. Finally, McNamara Financial Services Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $535,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 1.5%

NYSE:JPM opened at $265.81 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $190.88 and a fifty-two week high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The stock has a market capitalization of $738.71 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08. The business’s 50-day simple moving average is $247.68 and its 200-day simple moving average is $249.86.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $45.30 billion for the quarter, compared to analysts’ expectations of $43.62 billion. During the same quarter in the previous year, the business posted $4.44 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be paid a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.’s payout ratio is 27.49%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the sale, the chief operating officer now owns 62,455 shares in the company, valued at $16,392,563.85. This represents a 8.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the transaction, the insider now directly owns 49,127 shares in the company, valued at $12,130,438.84. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,722 shares of company stock worth $25,599,477. Corporate insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Piper Sandler reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Monday. Truist Financial boosted their target price on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a “hold” rating in a report on Monday, June 2nd. Bank of America lowered their target price on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Morgan Stanley reaffirmed an “equal weight” rating on shares of JPMorgan Chase & Co. in a research report on Monday. Finally, Baird R W raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $267.15.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.