WealthTrust Axiom LLC Sells 62 Shares of JPMorgan Chase & Co. $JPM

WealthTrust Axiom LLC decreased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,680 shares of the financial services provider’s stock after selling 62 shares during the period. WealthTrust Axiom LLC’s holdings in JPMorgan Chase & Co. were worth $1,393,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Florida Financial Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 62.5% in the first quarter. Florida Financial Advisors LLC now owns 9,863 shares of the financial services provider’s stock worth $2,416,000 after purchasing an additional 3,792 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $471,000. Crown Wealth Group LLC grew its stake in JPMorgan Chase & Co. by 5.4% during the first quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider’s stock valued at $1,060,000 after acquiring an additional 222 shares in the last quarter. Mosaic Financial Group LLC grew its stake in JPMorgan Chase & Co. by 0.8% during the first quarter. Mosaic Financial Group LLC now owns 9,296 shares of the financial services provider’s stock valued at $2,280,000 after acquiring an additional 78 shares in the last quarter. Finally, Morse Asset Management Inc grew its stake in JPMorgan Chase & Co. by 19.5% during the first quarter. Morse Asset Management Inc now owns 2,569 shares of the financial services provider’s stock valued at $630,000 after acquiring an additional 420 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the completion of the transaction, the chief operating officer directly owned 62,455 shares of the company’s stock, valued at $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on JPM shares. Royal Bank Of Canada set a $305.00 target price on shares of JPMorgan Chase & Co. and gave the company an “outperform” rating in a research report on Monday, June 30th. Truist Financial boosted their price objective on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a “hold” rating in a report on Wednesday, July 9th. Keefe, Bruyette & Woods boosted their price objective on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, July 16th. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Finally, Bank of America raised their target price on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $288.68.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $295.9920 on Monday. The firm’s 50 day moving average price is $288.92 and its 200-day moving average price is $264.33. JPMorgan Chase & Co. has a twelve month low of $200.61 and a twelve month high of $301.29. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $813.90 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 1.97 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping analysts’ consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company had revenue of $44.91 billion for the quarter, compared to analysts’ expectations of $43.76 billion. During the same quarter last year, the business earned $6.12 EPS. The firm’s revenue was down 10.5% compared to the same quarter last year. Equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

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.