Benchmark Financial Wealth Advisors LLC Increases Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Benchmark Financial Wealth Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 16.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,646 shares of the financial services provider’s stock after purchasing an additional 380 shares during the quarter. Benchmark Financial Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $530,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Trust Co of the South increased its holdings in shares of JPMorgan Chase & Co. by 1.1% in the first quarter. Trust Co of the South now owns 4,946 shares of the financial services provider’s stock worth $991,000 after acquiring an additional 53 shares in the last quarter. PFW Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.1% in the first quarter. PFW Advisors LLC now owns 5,232 shares of the financial services provider’s stock worth $1,048,000 after acquiring an additional 55 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. increased its holdings in shares of JPMorgan Chase & Co. by 2.0% in the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,837 shares of the financial services provider’s stock worth $568,000 after acquiring an additional 55 shares in the last quarter. KFG Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 3.6% in the first quarter. KFG Wealth Management LLC now owns 1,594 shares of the financial services provider’s stock worth $319,000 after acquiring an additional 56 shares in the last quarter. Finally, Silvia Mccoll Wealth Management LLC boosted its position in shares of JPMorgan Chase & Co. by 1.0% during the first quarter. Silvia Mccoll Wealth Management LLC now owns 5,978 shares of the financial services provider’s stock worth $1,169,000 after buying an additional 58 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $207.63 on Wednesday. The firm has a market cap of $596.24 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 2.74 and a beta of 1.12. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $210.38. The business’s 50 day moving average is $198.96 and its 200-day moving average is $188.28.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping 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 firm had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. Equities research analysts predict that JPMorgan Chase & Co. will post 16.47 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.22%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Elena A. Korablina sold 21,829 shares of the firm’s 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 filing with the SEC, which is available through this hyperlink. In other JPMorgan Chase & Co. 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 sale, the general counsel now owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Elena A. Korablina sold 21,829 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were 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 directly owns 6,484 shares in the company, valued at approximately $1,237,860.44. The disclosure for this sale can be found here. Insiders have sold a total of 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.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Jefferies Financial Group upped their price objective on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Wolfe Research cut JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, UBS Group upped their price objective 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. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.05.

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.