JPMorgan Chase & Co. (NYSE:JPM) is Chronos Wealth Management LLC’s 8th Largest Position

Chronos Wealth Management LLC lessened its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 41,062 shares of the financial services provider’s stock after selling 400 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 5.4% of Chronos Wealth Management LLC’s portfolio, making the stock its 8th biggest position. Chronos Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $10,073,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In other news, CFO Jeremy Barnum sold 40,014 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the completion of the sale, the chief financial officer now owns 18,017 shares in the company, valued at $4,518,123.09. This represents a 68.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the sale, the insider now directly owns 49,127 shares of the company’s stock, valued at approximately $12,130,438.84. This represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,594 shares of company stock valued at $23,991,061. 0.47% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Evercore ISI lowered their price objective on 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. KGI Securities initiated coverage on shares of JPMorgan Chase & Co. in a report on Sunday, April 13th. They set a “hold” rating for the company. Morgan Stanley reissued an “equal weight” rating on shares of JPMorgan Chase & Co. in a research report on Monday. Royal Bank of Canada restated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Monday. Finally, Cowen reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Thirteen 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, the stock has a consensus rating of “Hold” and an average price target of $267.15.

JPMorgan Chase & Co. Stock Up 0.6%

JPMorgan Chase & Co. stock opened at $266.33 on Wednesday. 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 fifty-two week low of $190.88 and a fifty-two week high of $280.25. The stock has a 50-day simple moving average of $246.48 and a 200-day simple moving average of $249.49. The company has a market capitalization of $740.16 billion, a P/E ratio of 13.49, a PEG ratio of 2.83 and a beta of 1.07.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the prior year, the firm earned $4.44 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

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