Jeppson Wealth Management LLC Has $2.87 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Jeppson Wealth Management LLC lessened its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.1% during the 1st quarter, Holdings Channel reports. The firm owned 14,337 shares of the financial services provider’s stock after selling 310 shares during the quarter. JPMorgan Chase & Co. makes up about 1.1% of Jeppson Wealth Management LLC’s investment portfolio, making the stock its 19th biggest position. Jeppson Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,872,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares in the last quarter. Richardson Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at $34,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at $40,000. Bare Financial Services Inc acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $35,000. Finally, Partnership Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on JPM. Robert W. Baird lifted their price target on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. BMO Capital Markets cut their price target on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a report on Monday, April 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $211.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Oppenheimer dropped their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Finally, Morgan Stanley lowered their price target on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a research note on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.10.

JPMorgan Chase & Co. Stock Up 1.6 %

JPM opened at $208.83 on Wednesday. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $208.86. The stock’s fifty day simple moving average is $197.23 and its 200 day simple moving average is $186.57. 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 stock has a market cap of $599.69 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 2.72 and a beta of 1.12.

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 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 business had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. As a group, research analysts expect that JPMorgan Chase & Co. will post 16.44 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

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 given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Elena A. Korablina sold 21,829 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the transaction, the insider now owns 6,484 shares in the company, valued at approximately $1,237,860.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the completion of the sale, the insider now owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The disclosure for this sale can be found here. Insiders have sold 250,565 shares of company stock worth $46,962,717 in the last 90 days. Company insiders own 0.79% of the company’s stock.

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.