JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Edge Wealth Management LLC

Edge Wealth Management LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,813 shares of the financial services provider’s stock after selling 1,657 shares during the period. JPMorgan Chase & Co. accounts for approximately 3.9% of Edge Wealth Management LLC’s holdings, making the stock its 7th largest position. Edge Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $18,590,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thrive Wealth Management LLC boosted its position in JPMorgan Chase & Co. by 7.6% during the first quarter. Thrive Wealth Management LLC now owns 7,854 shares of the financial services provider’s stock worth $1,573,000 after purchasing an additional 555 shares during the period. Towerpoint Wealth LLC bought a new position in JPMorgan Chase & Co. in the 1st quarter worth $227,000. Cardinal Capital Management increased its stake in shares of JPMorgan Chase & Co. by 4.8% in the first quarter. Cardinal Capital Management now owns 57,445 shares of the financial services provider’s stock worth $11,506,000 after purchasing an additional 2,642 shares during the period. ERn Financial LLC lifted its position in shares of JPMorgan Chase & Co. by 2.0% during the 1st quarter. ERn Financial LLC now owns 5,746 shares of the financial services provider’s stock worth $1,151,000 after purchasing an additional 110 shares during the last quarter. Finally, Janiczek Wealth Management LLC boosted its stake in JPMorgan Chase & Co. by 9.6% during the 1st quarter. Janiczek Wealth Management LLC now owns 2,703 shares of the financial services provider’s stock valued at $541,000 after purchasing an additional 236 shares during the period. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on JPM shares. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 21st. BMO Capital Markets decreased their target price on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research report on Monday, April 15th. Evercore ISI upped their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Robert W. Baird boosted their price objective 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. Finally, UBS Group raised their target price on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $194.10.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, 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 transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, General Counsel Stacey Friedman sold 4,415 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the transaction, the general counsel now directly owns 42,124 shares in the company, valued at approximately $8,452,180.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Dimon sold 178,222 shares of the company’s 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 sale, the chief executive officer now 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. In the last ninety days, insiders have sold 250,565 shares of company stock worth $46,962,717. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.6 %

Shares of JPM opened at $202.26 on Friday. The stock has a fifty day moving average price of $196.91 and a two-hundred day moving average price of $186.10. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $580.82 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 2.67 and a beta of 1.12. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $205.88.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating 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 firm had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. Analysts predict that JPMorgan Chase & Co. will post 16.44 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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 dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is 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.