Foundation Wealth Management LLC PA increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 13.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,861 shares of the financial services provider’s stock after purchasing an additional 225 shares during the period. Foundation Wealth Management LLC PA’s holdings in JPMorgan Chase & Co. were worth $457,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of JPM. DDD Partners LLC increased its stake in JPMorgan Chase & Co. by 2.8% in the 4th quarter. DDD Partners LLC now owns 1,416 shares of the financial services provider’s stock worth $339,000 after purchasing an additional 38 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in shares of JPMorgan Chase & Co. by 1.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider’s stock valued at $622,000 after buying an additional 38 shares during the period. Hurlow Wealth Management Group Inc. increased its stake in shares of JPMorgan Chase & Co. by 0.7% during the fourth quarter. Hurlow Wealth Management Group Inc. now owns 5,538 shares of the financial services provider’s stock valued at $1,328,000 after buying an additional 40 shares during the period. Wimmer Associates 1 LLC increased its stake in shares of JPMorgan Chase & Co. by 1.0% during the fourth quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider’s stock valued at $986,000 after buying an additional 40 shares during the period. Finally, Twin Lakes Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 0.3% during the fourth quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider’s stock valued at $3,340,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.
JPMorgan Chase & Co. Stock Performance
Shares of NYSE JPM opened at $288.88 on Friday. The firm’s 50-day moving average price is $260.44 and its 200-day moving average price is $252.45. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. The company has a market cap of $802.81 billion, a PE ratio of 14.18, a PEG ratio of 2.64 and a beta of 1.08. JPMorgan Chase & Co. has a 52-week low of $190.90 and a 52-week high of $289.41.
JPMorgan Chase & Co. Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 yield of 1.94%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s payout ratio is 27.49%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on JPM shares. TD Securities restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. TD Cowen started coverage on JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a “buy” rating and a $305.00 price target on the stock. Robert W. Baird lifted their price target on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a “neutral” rating in a research report on Tuesday, May 20th. Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Finally, Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Tuesday, June 10th. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $273.15.
Read Our Latest Stock Report on JPM
Insiders Place Their Bets
In other news, General Counsel Stacey Friedman sold 6,608 shares of the firm’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $1,755,811.68. Following the completion of the sale, the general counsel now directly owns 36,520 shares of the company’s stock, valued at $9,703,729.20. This trade represents a 15.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jennifer Piepszak sold 6,129 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.76, for a total value of $1,536,908.04. Following the completion of the sale, the chief operating officer now directly owns 68,583 shares of the company’s stock, valued at $17,197,873.08. The trade was a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,200 shares of company stock worth $18,060,015 over the last quarter. 0.47% of the stock is currently owned by corporate insiders.
About JPMorgan Chase & Co.
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.
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