JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 15.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,897 shares of the financial services provider’s stock after purchasing an additional 1,900 shares during the period. Revolve Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $3,409,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Whitaker Myers Wealth Managers LTD. grew its holdings in JPMorgan Chase & Co. by 64.2% in the first quarter. Whitaker Myers Wealth Managers LTD. now owns 6,067 shares of the financial services provider’s stock valued at $1,488,000 after purchasing an additional 2,373 shares during the period. Wedmont Private Capital lifted its position in shares of JPMorgan Chase & Co. by 4.4% in the first quarter. Wedmont Private Capital now owns 42,499 shares of the financial services provider’s stock valued at $10,038,000 after acquiring an additional 1,783 shares in the last quarter. Eagle Wealth Strategies LLC lifted its position in shares of JPMorgan Chase & Co. by 2.2% in the first quarter. Eagle Wealth Strategies LLC now owns 9,180 shares of the financial services provider’s stock valued at $2,252,000 after acquiring an additional 199 shares in the last quarter. LexAurum Advisors LLC lifted its position in JPMorgan Chase & Co. by 1.7% during the first quarter. LexAurum Advisors LLC now owns 8,895 shares of the financial services provider’s stock worth $2,182,000 after buying an additional 151 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its position in JPMorgan Chase & Co. by 7.8% during the first quarter. Sivia Capital Partners LLC now owns 7,243 shares of the financial services provider’s stock worth $1,777,000 after buying an additional 527 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on JPM shares. Piper Sandler restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 2nd. Robert W. Baird boosted their target price on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 20th. Evercore ISI lowered their target price on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating for the company in a research note on Tuesday, April 1st. Cowen reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Finally, TD Cowen initiated coverage on JPMorgan Chase & Co. in a report on Thursday, May 15th. They issued a “buy” rating and a $305.00 target price for the company. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $267.15.

JPMorgan Chase & Co. Trading Up 1.5%

JPMorgan Chase & Co. stock opened at $265.81 on Friday. The company’s fifty day simple moving average is $247.68 and its 200-day simple moving average is $249.92. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12 month low of $190.88 and a 12 month high of $280.25. The stock has a market cap of $738.71 billion, a P/E ratio of 13.47, a P/E/G ratio of 2.83 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the business earned $4.44 EPS. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared 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 of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 2.11%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.49%.

Insider Activity

In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 40,014 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 18,017 shares of the company’s stock, valued at approximately $4,518,123.09. This represents a 68.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the company’s 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 transaction, the insider now directly owns 49,127 shares in the company, valued at approximately $12,130,438.84. This represents a 2.48% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,722 shares of company stock worth $25,599,477. Company insiders own 0.47% of the company’s stock.

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.