Physician Wealth Advisors Inc. Buys New Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Physician Wealth Advisors Inc. bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the first quarter, Holdings Channel reports. The fund bought 1,326 shares of the financial services provider’s stock, valued at approximately $266,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New Mexico Educational Retirement Board raised its position in JPMorgan Chase & Co. by 13.0% in the first quarter. New Mexico Educational Retirement Board now owns 171,850 shares of the financial services provider’s stock valued at $34,422,000 after purchasing an additional 19,800 shares during the period. Guidance Capital Inc. raised its position in JPMorgan Chase & Co. by 146.3% in the first quarter. Guidance Capital Inc. now owns 7,664 shares of the financial services provider’s stock valued at $1,402,000 after purchasing an additional 4,552 shares during the period. Atticus Wealth Management LLC raised its position in JPMorgan Chase & Co. by 28.6% in the first quarter. Atticus Wealth Management LLC now owns 3,138 shares of the financial services provider’s stock valued at $629,000 after purchasing an additional 698 shares during the period. Foguth Wealth Management LLC. purchased a new position in JPMorgan Chase & Co. in the first quarter valued at about $220,000. Finally, Brown Miller Wealth Management LLC raised its position in JPMorgan Chase & Co. by 3.1% in the first quarter. Brown Miller Wealth Management LLC now owns 45,284 shares of the financial services provider’s stock valued at $9,070,000 after purchasing an additional 1,359 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $208.83 on Wednesday. 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 business has a 50 day moving average of $197.23 and a two-hundred day moving average of $186.57. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $208.86. The company has a market cap of $599.69 billion, a P/E ratio of 12.61, a PEG ratio of 2.72 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The company had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. As a group, analysts anticipate that JPMorgan Chase & Co. will post 16.44 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a dividend of $1.15 per share. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.20%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $199.54, for a total value of $1,014,860.44. Following the transaction, the insider now owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other JPMorgan Chase & Co. news, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the sale, the insider now directly owns 212,265 shares in the company, valued at $42,355,358.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 250,565 shares of company stock valued at $46,962,717. Corporate insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

JPM has been the topic of several research reports. BMO Capital Markets cut their price objective 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. Jefferies Financial Group lifted their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. StockNews.com lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th. Robert W. Baird lifted their target price on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Finally, Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $194.10.

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.