JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Resolute Wealth Strategies LLC

Resolute Wealth Strategies LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 7.8% during the 4th quarter, Holdings Channel reports. The firm owned 14,105 shares of the financial services provider’s stock after selling 1,191 shares during the quarter. JPMorgan Chase & Co. comprises about 1.6% of Resolute Wealth Strategies LLC’s holdings, making the stock its 18th biggest position. Resolute Wealth Strategies LLC’s holdings in JPMorgan Chase & Co. were worth $2,399,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SkyOak Wealth LLC grew its holdings in JPMorgan Chase & Co. by 0.3% during the 3rd quarter. SkyOak Wealth LLC now owns 28,019 shares of the financial services provider’s stock valued at $4,063,000 after buying an additional 71 shares during the last quarter. Center for Financial Planning Inc. lifted its holdings in JPMorgan Chase & Co. by 4.4% in the 3rd quarter. Center for Financial Planning Inc. now owns 17,454 shares of the financial services provider’s stock valued at $2,531,000 after purchasing an additional 739 shares in the last quarter. Tcwp LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.0% during the 3rd quarter. Tcwp LLC now owns 15,100 shares of the financial services provider’s stock worth $2,190,000 after purchasing an additional 155 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of JPMorgan Chase & Co. by 2.0% during the third quarter. J.W. Cole Advisors Inc. now owns 34,981 shares of the financial services provider’s stock worth $5,073,000 after buying an additional 671 shares in the last quarter. Finally, Legacy Financial Group LLC purchased a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $58,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $179.00, for a total transaction of $602,872.00. Following the completion of the transaction, the insider now directly owns 202,093 shares in the company, valued at approximately $36,174,647. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Ashley Bacon sold 3,368 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $179.00, for a total value of $602,872.00. Following the completion of the transaction, the insider now directly owns 202,093 shares of the company’s stock, valued at approximately $36,174,647. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the sale, the chief executive officer now directly owns 595,316 shares in the company, valued at approximately $108,782,092.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,063,506 shares of company stock worth $195,024,605. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Stock Up 1.0 %

Shares of JPMorgan Chase & Co. stock opened at $197.53 on Friday. The business has a 50-day moving average price of $191.97 and a 200 day moving average price of $173.32. JPMorgan Chase & Co. has a fifty-two week low of $133.13 and a fifty-two week high of $200.94. The firm has a market cap of $567.24 billion, a P/E ratio of 11.93, a P/E/G ratio of 2.38 and a beta of 1.13. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29.

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 (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $40.90 billion. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 15.98 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 2.33%. JPMorgan Chase & Co.’s dividend payout ratio is 27.78%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JPM. UBS Group decreased their target price on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Morgan Stanley decreased their target price on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Finally, BMO Capital Markets cut their price target on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a report on Monday, April 15th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

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.