Towerpoint Wealth LLC Takes $227,000 Position in JPMorgan Chase & Co. (NYSE:JPM)

Towerpoint Wealth LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,133 shares of the financial services provider’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Teza Capital Management LLC raised its holdings in JPMorgan Chase & Co. by 40.8% in the 3rd quarter. Teza Capital Management LLC now owns 12,044 shares of the financial services provider’s stock valued at $1,747,000 after acquiring an additional 3,487 shares during the period. Sherbrooke Park Advisers LLC bought a new position in JPMorgan Chase & Co. in the 3rd quarter valued at about $244,000. Insigneo Advisory Services LLC raised its holdings in JPMorgan Chase & Co. by 8.2% in the 3rd quarter. Insigneo Advisory Services LLC now owns 34,805 shares of the financial services provider’s stock valued at $5,047,000 after acquiring an additional 2,640 shares during the period. AQR Capital Management LLC raised its holdings in JPMorgan Chase & Co. by 54.6% in the 3rd quarter. AQR Capital Management LLC now owns 782,582 shares of the financial services provider’s stock valued at $113,490,000 after acquiring an additional 276,429 shares during the period. Finally, Fairhaven Wealth Management LLC raised its holdings in JPMorgan Chase & Co. by 0.3% in the 3rd quarter. Fairhaven Wealth Management LLC now owns 30,393 shares of the financial services provider’s stock valued at $4,408,000 after acquiring an additional 90 shares during the period. 71.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on JPM shares. Jefferies Financial Group increased their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8th. Morgan Stanley lowered 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 report on Tuesday, May 21st. StockNews.com cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Evercore ISI raised their target price on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Finally, Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus price target of $194.10.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ashley Bacon sold 5,086 shares of the firm’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 transaction of $984,853.04. Following the completion of the sale, the insider now owns 217,351 shares in the company, valued at approximately $42,087,847.64. The disclosure for this sale can be found here. Insiders have sold 250,565 shares of company stock worth $46,962,717 over the last quarter. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $202.34 on Friday. 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 firm has a market capitalization of $581.05 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 2.65 and a beta of 1.12. The firm’s 50 day simple moving average is $196.91 and its 200 day simple moving average is $185.92. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $205.88.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (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 analyst estimates of $40.90 billion. As a group, research analysts expect that JPMorgan Chase & Co. will post 16.44 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be given 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 2.27%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

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.