WD Rutherford LLC Has $5.34 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

WD Rutherford LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,884 shares of the financial services provider’s stock after purchasing an additional 90 shares during the quarter. JPMorgan Chase & Co. makes up about 2.8% of WD Rutherford LLC’s portfolio, making the stock its 6th biggest position. WD Rutherford LLC’s holdings in JPMorgan Chase & Co. were worth $5,335,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. DDD Partners LLC increased its position in shares of JPMorgan Chase & Co. by 2.8% in the 4th quarter. DDD Partners LLC now owns 1,416 shares of the financial services provider’s stock valued at $339,000 after acquiring an additional 38 shares during the period. Blue Bell Private Wealth Management LLC grew its stake in JPMorgan Chase & Co. by 1.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider’s stock valued at $622,000 after purchasing an additional 38 shares during the last quarter. Hurlow Wealth Management Group Inc. grew its stake in JPMorgan Chase & Co. by 0.7% during the 4th quarter. Hurlow Wealth Management Group Inc. now owns 5,538 shares of the financial services provider’s stock valued at $1,328,000 after purchasing an additional 40 shares during the last quarter. Wimmer Associates 1 LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.0% in the fourth quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider’s stock valued at $986,000 after purchasing an additional 40 shares during the period. Finally, Twin Lakes Capital Management LLC raised its stake in shares of JPMorgan Chase & Co. by 0.3% in the fourth quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider’s stock worth $3,340,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $273.83 on Thursday. The stock has a market capitalization of $760.98 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 2.72 and a beta of 1.08. The stock has a 50-day moving average of $254.66 and a 200 day moving average of $251.00. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. JPMorgan Chase & Co. has a twelve month low of $190.90 and a twelve month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The business had revenue of $45.30 billion during the quarter, compared to analysts’ expectations of $43.62 billion. During the same period in the previous year, the business earned $4.44 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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 given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.49%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company an “overweight” rating in a research report on Tuesday, June 10th. Evercore ISI decreased 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 note on Tuesday, April 1st. Royal Bank Of Canada reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Finally, Bank of America upped their price target on shares of JPMorgan Chase & Co. from $300.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $271.70.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,608 shares of the business’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the completion of the sale, the general counsel now directly owns 36,520 shares in the company, valued at approximately $9,703,729.20. The trade was a 15.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were 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 of the company’s stock, valued at $12,130,438.84. The trade was a 2.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,722 shares of company stock worth $25,599,477. Company insiders own 0.47% of the company’s stock.

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.