Apella Capital LLC Acquires 3,089 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Apella Capital LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 32.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,696 shares of the financial services provider’s stock after buying an additional 3,089 shares during the quarter. Apella Capital LLC’s holdings in JPMorgan Chase & Co. were worth $2,975,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,272 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, March 24th. The shares were 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 approximately $12,400,164.91. The trade was a 7.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the sale, the insider now directly owns 49,127 shares of the company’s stock, valued at approximately $12,130,438.84. This trade represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,594 shares of company stock valued at $23,991,061 over the last 90 days. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $266.33 on Wednesday. The company has a 50-day simple moving average of $246.48 and a two-hundred day simple moving average of $249.49. JPMorgan Chase & Co. has a one year low of $190.88 and a one year high of $280.25. The firm has a market capitalization of $740.16 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

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

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.49%.

Analyst Ratings Changes

JPM has been the topic of several recent research reports. Cowen restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Evercore ISI lowered their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Robert W. Baird increased their target price on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday, May 20th. TD Securities increased their target price on JPMorgan Chase & Co. from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Tuesday, May 20th. Finally, KGI Securities assumed coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a “hold” rating on the stock. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average target price of $267.15.

JPMorgan Chase & Co. 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.