JPMorgan Chase & Co. (NYSE:JPM) Position Lifted by Maxwell Wealth Strategies Inc.

Maxwell Wealth Strategies Inc. grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 17.2% during the first quarter, HoldingsChannel reports. The firm owned 26,785 shares of the financial services provider’s stock after purchasing an additional 3,935 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 2.7% of Maxwell Wealth Strategies Inc.’s investment portfolio, making the stock its 5th largest holding. Maxwell Wealth Strategies Inc.’s holdings in JPMorgan Chase & Co. were worth $5,339,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Wellington Wealth Strategies LLC. acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth $1,145,000. Etfidea LLC increased its holdings in shares of JPMorgan Chase & Co. by 5.4% during the 4th quarter. Etfidea LLC now owns 1,937 shares of the financial services provider’s stock worth $329,000 after buying an additional 100 shares during the last quarter. Cooper Financial Group increased its holdings in shares of JPMorgan Chase & Co. by 12.8% during the 1st quarter. Cooper Financial Group now owns 8,693 shares of the financial services provider’s stock worth $1,741,000 after buying an additional 984 shares during the last quarter. Sutton Place Investors LLC increased its holdings in JPMorgan Chase & Co. by 179.5% in the 4th quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock valued at $2,228,000 after purchasing an additional 8,412 shares in the last quarter. Finally, Spartan Planning & Wealth Management increased its holdings in JPMorgan Chase & Co. by 257.3% in the 4th quarter. Spartan Planning & Wealth Management now owns 3,780 shares of the financial services provider’s stock valued at $643,000 after purchasing an additional 2,722 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock traded down $8.82 on Friday, reaching $199.14. 18,041,676 shares of the company were exchanged, compared to its average volume of 9,240,251. The firm has a market cap of $571.86 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 2.42 and a beta of 1.12. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $217.56. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91. The company’s 50-day moving average is $203.48 and its two-hundred day moving average is $192.96.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping the consensus estimate of $4.19 by $1.93. The firm had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period last year, the company earned $4.37 earnings per share. As a group, research analysts expect that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.31%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.66%.

Insider Buying and Selling

In other news, CEO Mary E. Erdoes sold 15,895 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $193.66, for a total transaction of $3,078,225.70. Following the transaction, the chief executive officer now directly owns 585,898 shares of the company’s stock, valued at $113,465,006.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the sale, the insider now directly owns 212,265 shares in the company, valued at $42,355,358.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mary E. Erdoes sold 15,895 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total value of $3,078,225.70. Following the transaction, the chief executive officer now owns 585,898 shares in the company, valued at $113,465,006.68. The disclosure for this sale can be found here. Insiders sold 72,343 shares of company stock valued at $14,137,789 in the last three months. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

JPM has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Tuesday, July 9th. Piper Sandler increased their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, July 15th. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $211.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Finally, Robert W. Baird raised their target price on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.71.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.