Outlook Wealth Advisors LLC Decreases Position in JPMorgan Chase & Co. (NYSE:JPM)

Outlook Wealth Advisors LLC trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 3,279 shares of the financial services provider’s stock after selling 106 shares during the period. Outlook Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $805,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital & Planning LLC grew its holdings in JPMorgan Chase & Co. by 13.3% during the 4th quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider’s stock valued at $565,000 after purchasing an additional 276 shares during the last quarter. Financial Partners Group Inc boosted its position in shares of JPMorgan Chase & Co. by 4.8% during the fourth quarter. Financial Partners Group Inc now owns 5,235 shares of the financial services provider’s stock valued at $1,255,000 after buying an additional 239 shares during the period. Brighton Jones LLC grew its stake in shares of JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after buying an additional 4,841 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $66,088,000. Finally, Round Rock Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 35.5% in the fourth quarter. Round Rock Advisors LLC now owns 4,418 shares of the financial services provider’s stock worth $1,059,000 after buying an additional 1,158 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $266.70 on Tuesday. The firm has a 50 day moving average of $248.09 and a 200 day moving average of $250.08. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $741.18 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08. JPMorgan Chase & Co. has a 52 week low of $190.88 and a 52 week high of $280.25.

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

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be issued a $1.40 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 2.10%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on JPM shares. Royal Bank of Canada restated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 2nd. Truist Financial boosted their target price on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a “hold” rating in a research note on Monday, June 2nd. Baird R W raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. UBS Group lifted their price objective on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, April 17th. Finally, Evercore ISI lowered their price objective on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating for the company in a research report on Tuesday, April 1st. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus price target of $267.15.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 4,272 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.03, for a total value of $1,055,312.16. Following the completion of the sale, the chief operating officer now owns 50,197 shares of the company’s stock, valued at $12,400,164.91. This trade represents a 7.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $247.02, for a total value of $6,175,500.00. Following the transaction, the chief executive officer now directly owns 133,381 shares in the company, valued at $32,947,774.62. This represents a 15.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,722 shares of company stock valued at $25,599,477. 0.47% of the stock is currently owned by insiders.

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.