JPMorgan Chase & Co. $JPM Shares Purchased by Focused Wealth Management Inc

Focused Wealth Management Inc raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 11.1% in the first quarter, HoldingsChannel.com reports. The fund owned 15,485 shares of the financial services provider’s stock after buying an additional 1,545 shares during the quarter. Focused Wealth Management Inc’s holdings in JPMorgan Chase & Co. were worth $4,555,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Keudell Morrison Wealth Management lifted its stake in JPMorgan Chase & Co. by 6.6% in the first quarter. Keudell Morrison Wealth Management now owns 9,474 shares of the financial services provider’s stock valued at $2,787,000 after buying an additional 590 shares during the last quarter. Weaver Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.7% in the 1st quarter. Weaver Capital Management LLC now owns 18,389 shares of the financial services provider’s stock worth $5,409,000 after acquiring an additional 132 shares during the period. Brave Asset Management Inc. lifted its position in JPMorgan Chase & Co. by 0.8% in the 1st quarter. Brave Asset Management Inc. now owns 48,165 shares of the financial services provider’s stock valued at $14,168,000 after purchasing an additional 361 shares during the last quarter. Community Bank of Raymore boosted its stake in JPMorgan Chase & Co. by 0.4% during the 1st quarter. Community Bank of Raymore now owns 54,576 shares of the financial services provider’s stock valued at $16,054,000 after purchasing an additional 220 shares during the period. Finally, Hamilton Capital Partners LLC acquired a new position in JPMorgan Chase & Co. during the 1st quarter valued at about $200,000. 71.55% of the stock is owned by institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,919 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total transaction of $1,522,036.98. Following the completion of the sale, the chief operating officer directly owned 85,082 shares of the company’s stock, valued at approximately $26,326,072.44. This represents a 5.47% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Barnum sold 3,022 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total transaction of $935,037.02. Following the completion of the transaction, the chief financial officer owned 32,438 shares of the company’s stock, valued at approximately $10,036,641.58. The trade was a 8.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 33,623 shares of company stock valued at $10,427,835 over the last three months. Company insiders own 0.41% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $328.73 on Friday. The stock has a market cap of $880.83 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 1.56 and a beta of 1.00. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.86 and a quick ratio of 0.86. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $343.45. The stock’s 50 day moving average price is $311.44 and its 200 day moving average price is $308.42.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.50 by $0.44. JPMorgan Chase & Co. had a return on equity of 17.54% and a net margin of 20.66%.The firm had revenue of $50.54 billion during the quarter, compared to analyst estimates of $48.30 billion. During the same period last year, the company posted $5.07 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. Equities research analysts anticipate that JPMorgan Chase & Co. will post 22.44 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. JPMorgan Chase & Co.’s payout ratio is 28.74%.

Wall Street Analyst Weigh In

Several research firms have commented on JPM. HSBC raised their price target on shares of JPMorgan Chase & Co. from $288.00 to $312.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Argus boosted their price objective on JPMorgan Chase & Co. from $340.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Zacks Research lowered JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Barclays restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group set a $361.00 price target on JPMorgan Chase & Co. in a research report on Tuesday, April 14th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $339.58.

More JPMorgan Chase & Co. News

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: JPMorgan cleared the Federal Reserve’s annual stress test, reinforcing that the bank is well capitalized and can withstand a severe downturn. That result supports higher payouts and helps confirm the firm’s balance-sheet strength. Article Title
• Positive Sentiment: The board approved a 10% dividend increase and a new $50 billion share buyback, which is a strong signal of confidence in earnings power and capital generation. Article Title
• Positive Sentiment: The stock recently hit an all-time high as investors reacted favorably to the dividend boost, buyback authorization, and ongoing confidence in JPMorgan’s earnings and capital return profile. Article Title

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.