JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Warren Street Wealth Advisors LLC

Warren Street Wealth Advisors LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,941 shares of the financial services provider’s stock after acquiring an additional 84 shares during the period. Warren Street Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $967,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Redwood Park Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $29,000. Sellwood Investment Partners LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $34,000. Investment Counsel Co. of Nevada bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $37,000. Midwest Capital Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $43,000. Finally, Prudent Man Investment Management Inc. bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity

In related news, COO Jennifer Piepszak sold 6,129 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.76, for a total transaction of $1,536,908.04. Following the transaction, the chief operating officer now owns 68,583 shares of the company’s stock, valued at approximately $17,197,873.08. The trade was a 8.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Stacey Friedman sold 6,608 shares of the business’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the transaction, the general counsel now directly owns 36,520 shares in the company, valued at $9,703,729.20. This trade represents a 15.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,594 shares of company stock valued at $23,991,061 over the last 90 days. 0.47% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on JPM. Baird R W upgraded shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. Bank of America decreased their target price on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. UBS Group raised their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, April 17th. Royal Bank of Canada reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Monday. Finally, Evercore ISI decreased their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus target price of $267.15.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $264.38 on Thursday. The firm has a market cap of $734.74 billion, a PE ratio of 13.39, a PEG ratio of 2.83 and a beta of 1.08. The firm’s 50 day moving average price is $246.91 and its 200 day moving average price is $249.59. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a twelve month low of $190.88 and a twelve month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same quarter last year, the firm posted $4.44 earnings per share. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is 27.49%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.